CNX Therapeutics embarks on its buy-and-build strategy with first acquisition

29 July 2022

UK-based specialty pharmaceutical company CNX Therapeutics said this morning it has successfully completed the acquisition of Synchrony Pharma and its existing portfolio of commercialized products.

Financial terms of the transaction have nit been disclosed.

Founded in 2008, Synchrony focuses on the development and supply of niche injectable pharmaceutical products, to ensure continuity of supply to customers and patients of essential medicines. The current Synchrony portfolio consists of high-quality hospital injectable products, that are used in the emergency room and to treat life-threatening conditions. Synchrony benefits from several strategic partnerships with leading manufacturers of injectable medicines in Europe and across the world. A number of Synchrony's pipeline products in development are excluded from the transaction scope.

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