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Finance Watch: Emalex Raises $250m To Fund Phase III Tourette’s Trial

Corium, Gurnet Point Sell CDMO, Raise $100m

 
• By Mandy Jackson

Private Company Edition: The Paragon Biosciences-founded Emalex previously raised $35m when ecopipam was in Phase II. Also, Catalio Capital launches a “special situations” fund, Zenas raises $118m to develop a pipeline of autoimmune disease treatments and Lusaris emerges with $60m.

Finance Watch Private Company
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Emalex Biosciences Inc. significantly expanded on its previous capacity to fund the upcoming Phase III clinical trial of ecopipam in Tourette’s syndrome with a $250m series D financing barely a year and a half after a $35m series C preferred stock financing. The company claims that the 220-patient trial of its first-in-class dopamine-1 receptor antagonist will be the largest study ever conducted in North America in Tourette’s syndrome.

Bain Capital Life Sciences led the series D round that Emalex announced on 3 November with participation from the company’s founder Paragon Biosciences LLC plus Valor Equity Partners, Fidelity Management & Research Company and several family offices. Emalex closed its series C financing in March 2021 when ecopipam was in Phase II for Tourette’s and childhood-onset fluency disorder, or stuttering

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