UCB backs new Belgian spin-out investigating novel neurological candidates
Belgium's largest drugmaker UCB (Euronext Brussels; UCB) and a syndicate of Belgian and international investors have founded a new firm, Syndesi Therapeutics, to be based at the Centre d’Entreprises et d’Innovation (CEI) in Louvain-la-Neuve, Belgium.
The company is backed by 17 million euros ($21 million) to fund clinical development of a first-in-class small molecule program supplied by UCB.
The investor syndicate is led by Novo Seeds and Fountain Healthcare together with Johnson & Johnson Innovation and others.
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