VERAXA Biotech completed the acquisition of Synimmune from KfW for €32m.

VERAXA Biotech, a clinical-stage biotechnology company, completed the acquisition of Synimmune, a biotechnology company, from KfW, a German state-owned investment and development bank, for €32m. “We are entering a transformative period for VERAXA and the integration of Synimmune’s activities acts as a catalyst for the company’s clinical development strategy. Our goal is to establish a sustainable clinical pipeline of novel and differentiated oncology programs geared towards achieving superior efficacy, while minimizing the burden of side effects for patients. Adding the first clinical program to our set-up will help accelerate the expansion of our development organization, in addition to bringing in substantial indication and target biology know-how and expertise,” Christoph Antz, VERAXA Biotech CEO and Co-Founder.