Eliem Therapeutics Inc, a neuronal excitability disorders therapies developer, raised $80 million by offering 6.4 million ADSs at $12.50, as expected.
The company focused on developing novel therapies for neuronal excitability disorders to address unmet needs in chronic pain, psychiatry, epilepsy and other disorders of the peripheral and central nervous systems.
The Redmond, Washington-based company was founded in 2018 and plans to list on the Nasdaq Global Market under the symbol “ELYM.” SVB Leerink, Evercore ISI, Stifel, and Guggenheim Securities are underwriters of the IPO.
The company engages Cooley LLP as US Securities Counsel, and PricewaterhouseCoopers LLP as Independent Auditor
#ipo #nasdaq #biotech #Eliem #neuronal
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