M&A Deal Summary

Syncona Acquires Freeline

On February 12, 2024, Syncona acquired life science company Freeline

Acquisition Highlights
  • This is Syncona’s 2nd transaction in the Life Science sector.
  • This is Syncona’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2024-02-12
Target Freeline
Sector Life Science
Buyer(s) Syncona
Deal Type Add-on Acquisition

Target

Freeline

Stevenage, United Kingdom
Freeline is a clinical-stage biotechnology company focused on developing transformative gene therapies for chronic debilitating diseases. Freeline uses its proprietary, rationally designed AAV vector and capsid (AAVS3), along with novel promoters and transgenes, to deliver a functional copy of a therapeutic gene into human liver cells, thereby expressing a persistent functional level of the missing or dysfunctional protein into a patient’s bloodstream. The company is currently advancing FLT201, a highly differentiated gene therapy candidate that delivers a novel transgene, in a Phase 1/2 clinical trial in people with Gaucher disease type 1. It has additional programs in research, including one focused on GBA1-linked Parkinson’s disease that leverages the same novel transgene as FLT201. Freeline is headquartered in Stevenage, UK, and has operations in the United States.

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Buyer(S) 1

Buyer

Syncona

London, United Kingdom

Category Company
Sector Business Services
Revenue 64M GBP (2024)
DESCRIPTION

Syncona is a healthcare company focused on founding, building, and funding global leaders in life science. Syncona focus on developing treatments for patients by working in close partnership with world-class academic founders and management teams. Syncona is based in London, England.


DEAL STATS #
Overall 2 of 2
Sector: Life Science M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 AGTC

Alachua, Florida, United States

AGTC is a clinical-stage biotechnology company that uses a proprietary gene therapy platform to develop transformational genetic therapies for patients suffering from rare and debilitating diseases. AGTC was founded in 1999 and is based in Alachua, Florida.

Buy $24M