Nervous System Firm Eliem Therapeutics Files For $80M IPO

by Vandana Singh, Benzinga Editor

July 19, 2021 1:57 PM | 1 min read

Eliem Therapeutics ELYM, a Phase 2a biotech developing therapies for neuronal excitability disorders, filed an IPO prospectus with the SEC to raise up to $80 million.
Its two lead candidates are ETX-810 and ETX-155.
ETX-810 is currently in two Phase IIa studies looking at diabetic peripheral neuropathic pain and lumbosacral radicular pain. Data readouts are expected for the first half of 2022.
ETX-155 is a GABA-positive allosteric modulator, which the company is calling ETX-155.
Researchers plan to take this program into two Phase IIa studies for major depressive disorder and hormone-related depressive disorders, as well as a Phase Ib trial for epilepsy. Data here are expected in the second half of 2022 and the first half of 2023, respectively.
IPO Filing prospectus here.

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