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ARTICLE | Finance

Syncona eyes a matching pair

Why Syncona felt two gene therapy investments would fare better as one company

April 11, 2019 6:03 AM UTC

Ten months after rounding out its gene therapy strategy with the last two investments in a five-company portfolio, Syncona has decided that two of its companies will fare better as a single entity.

Syncona Ltd. (LSE:SYNC) has decided to merge Gyroscope Therapeutics Ltd. with Orbit Biomedical Ltd., which it says creates the first gene therapy company for retinal diseases that includes a clinical pipeline, an in-house manufacturing process and a delivery platform (see "Gene Therapies in Sync")...