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Elcelyx Therapeutics
Biotech & Life Sciences · San Diego, United States · Founded 2010
Developing nutrient sensing-based products for weight management and obesity-related metabolic disorders MoreLess
Elcelyx Therapeutics, established in 2010 by co-founders Alain Baron and Martin Brown, is a clinical-stage pharmaceutical company headquartered in San Diego, California. The firm concentrates on developing therapies for metabolic diseases, particularly type 2 diabetes and obesity, by leveraging its Gut Sensory Modulation (GSM) technology. This scientific platform is based on the discovery that modulating enteroendocrine cells in the lower gut can produce systemic physiological effects with an improved safety profile.
The company was founded by Dr. Alain Baron, who also serves as its President and CEO. Dr. Baron possesses an extensive background in endocrinology, having served as a Professor of Medicine at Indiana University and holding senior research and development roles at Amylin Pharmaceuticals. His experience as an Entrepreneur-in-Residence at Morgenthaler Ventures, a key early investor, was instrumental in the company's formation. This deep expertise in metabolic diseases and drug development directly informs the company's strategic focus on gut-targeted therapies.
Elcelyx's business model centers on the research and development of proprietary drug candidates for out-licensing or partnership with larger pharmaceutical entities for commercialization. The company has successfully raised approximately $93.3 million over six funding rounds from a syndicate of prominent investors, including Morgenthaler Ventures, Kleiner Perkins, Technology Partners, and Sailing Capital. This capital has financed the advancement of its product pipeline through multiple clinical trial phases.
The lead product candidate is Metformin DR, a delayed-release formulation of metformin. This product is engineered to target the lower small intestine, the primary site of metformin's action, thereby minimizing systemic absorption into the bloodstream. The primary benefit of this approach is the potential to offer a viable treatment for the significant population of type 2 diabetes patients who are unable to take standard metformin formulations due to renal impairment or severe gastrointestinal side effects. In November 2016, Elcelyx reported that its Phase 2b study of Metformin DR successfully met its primary endpoint, demonstrating a statistically significant reduction in HbA1c levels compared to a placebo. The results showed meaningful glycemic control with disproportionally lower systemic exposure, reinforcing its potential as a safer alternative.
Keywords: Elcelyx Therapeutics, metabolic diseases, type 2 diabetes, Gut Sensory Modulation, GSM technology, Metformin DR, delayed-release metformin, enteroendocrine cells, Alain Baron, clinical-stage pharmaceutical, gut-targeted therapy, diabetes treatment, obesity treatment, renal impairment, Morgenthaler Ventures, Kleiner Perkins, Sailing Capital, Phase 2b clinical trial, glucose regulation, neuroendocrine system, L-cell modulation
Company overview
Elcelyx Therapeutics company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2010
- Headquarters
- San Diego, United States
- Employees
- 1
- Open positions
- None listed
- Dealroom signal
- 59.2
Valuation & funding
Elcelyx Therapeutics funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES EOther financing | Oct 2015 | $40M | $160M | Kleiner Perkins · Clough Capital Partners · Sailing Capital · Morgenthaler Ventures | — |
| SERIES DOther financing | Feb 2015 | $5.8M | $23M | Undisclosed | — |
| SERIES COther financing | Feb 2014 | $25M | $99M | Technology Partners · Kleiner Perkins · Morgenthaler Ventures | — |
| SERIES BOther financing | Dec 2012 | $21M | $84M | Morgenthaler Ventures · Technology Partners · Kleiner Perkins | — |
| SERIES BOther financing | Aug 2012 | $4M | $16M | Kleiner Perkins · Technology Partners · Morgenthaler Ventures | — |
| SERIES AOther financing | Mar 2010 | Undisclosed | — |
Growth signals
Elcelyx Therapeutics website traffic
Latest recorded traffic for Elcelyx Therapeutics is 260 monthly website visits, up 52.9% over the last three months. Elcelyx Therapeutics's team grew 0% over the past year.
Comparisons
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Market sentiment
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