Synlogic, Inc. (NasdaqCM:SYBX) announced that the Board has engaged Ladenburg Thalmann & Co. Inc. as its financial advisor to assist the Company in a review and evaluation of strategic options, in consultation with its financial and legal advisors, with the intent to unlock and maximize shareholder value. The Board adopted the Rights Plan following an unsolicited accumulation of Synlogic shares by a certain investor.

A Rights Plan will enable the Board and Synlogic?s management team to protect stockholders while fulfilling its fiduciary responsibilities to review and evaluate strategic alternatives intended to maximize long-term value for all Synlogic stockholders. This will include consideration of various options and proposals, as warranted.