Brown Rudnick Advises on Eliem Therapeutics $60-Million Series B Financing
PUBLISHED ON: 05/28/2021
Brown Rudnick’s client Eliem Therapeutics Inc. recently closed on a $60-million Series B financing. Brown Rudnick has advised and continues to advise the company on intellectual property and advised on the IP aspects of the transaction.
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 and Mark Nickas. Brown Rudnick’s Global Life Sciences Group consists of a team of lawyers dedicated to the life sciences industry. The team includes former biotech and healthcare executives and scientists who have a deep understanding of the life sciences landscape.
Read more about Brown Rudnick’s Life Sciences Group here.