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Neuroscience

Eliem raises another $60 million for neurological diseases

by Ryan Cross
May 27, 2021 | A version of this story appeared in Volume 99, Issue 20
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Eliem Therapeutics, which is developing small-molecule drugs for neurological diseases, has raised $60 million in series B financing just 2 months after it formally launched with an $80 million series A round. Eliem will use the money to test its two lead drug candidates in Phase 2a clinical trials. It will test ETX-810, a prodrug of the lipid palmitoylethanolamide, in people with certain pain disorders. And it will test ETX-155, a positive allosteric modulator of the GABAA receptor, in people with depressive disorders.

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