Eliem Therapeutics’ $60-Million Series B Financing

Brown Rudnick LLP advised Eliem Therapeutics on the deal.

Eliem Therapeutics Inc. recently closed on a $60-million Series B financing. 

Eliem is a clinical-stage biotechnology company focused on developing novel therapies for neuronal excitability disorders to address unmet needs in disorders of the peripheral and central nervous systems. The financing round was led by Intermediate Capital Group and RA Capital Management and included participation from Access Biotechnology, Samlyn Capital, Acorn Bioventures, and LifeArc. Eliem plans to use the proceeds to advance its two lead clinical-stage product candidates, ETX-810 and ETX-155, through topline data across four different indications in patients with chronic pain, depressive disorders, and epilepsy, as well as to advance its two preclinical-stage programs to selection of clinical development candidates.

The Brown Rudnick deal team included Adam Schoen (Picture) and Mark Nickas.

Involved fees earner: Mark Nickas – Brown Rudnick LLP; Adam Schoen – Brown Rudnick LLP;

Law Firms: Brown Rudnick LLP;

Clients: Eliem Therapeutics;

Author: Martina Bellini