Allegro and American Regent sign exclusive licensing deal for Synoglide, a novel osteoarthritis treatment in animal health, valued at up to $35 million.

• Global license provides American Regent, a wholly owned subsidiary of Daiichi Sankyo,

with rights to commercialize Synoglide™ in the veterinary market in most countries of

the world. Allegro retains rights to human applications for its technology, enabling the

company to focus on human clinical development of its osteoarthritis candidate

• Under the terms of the agreement, Allegro has received an upfront payment and is

eligible to receive commercialization and sales milestone payments up to $35 million, in

addition to royalties on sales

• Product availability is planned for early 2026

Liege, Belgium and Shirley, NY – 25 November 2025 (08:30 CET) – Allegro NV, a biomedical

company developing transformative nanotechnology-based treatments for degenerative joint

disease, and American Regent, a leading pharmaceutical company in the U.S. specializing in

injectables for human and animal health, announced today that the two companies have

entered into an exclusive licensing deal for Allegro’s Synoglide™, a novel treatment for

osteoarthritis in the equine market.

Under the agreement, Allegro will manufacture Synoglide™ in its state-of-the art cleanroom

facility.

“The partnership with leading animal health player American Regent is a clear validation

of the potential of Allegro’s injectable hydrogel to treat osteoarthritis in the equine veterinary

market. Horses serve as a strong translational model for humans in joint disease, an exciting

prospect as we focus on human clinical development of the technology,” said Lucas Decuypere,

Chief Executive Officer at Allegro.

American Regent plans to introduce Synoglide™ for horses at the American Association of

Equine Practitioners conference in December 2025 and expects to achieve first sales in the U.S.

in early 2026. “We are eager to add this novel treatment for osteoarthritis to our veterinary

portfolio as part of our commitment to innovative solutions that improve animal health.

Synoglide™ offers a new approach to help veterinarians manage this challenging chronic

condition that affects the lives of so many animals,” said Paul Diolosa, Chief Executive Officer

at American Regent.

Synoglide™ is an intra-articular injection for horses suffering from osteoarthritis and is based on

Allegro’s proprietary nanotechnology platform, INTRICATE. This technology will be launched fo

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