Eliem Therapeutics Outlines Interim Data From Early-Stage Depressive Study – Eliem Therapeutics (NASDAQ:ELYM)

Eliem Therapeutics Outlines Interim Data From Early-Stage Depressive Study – Eliem Therapeutics (NASDAQ:ELYM)

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  • Eliem Therapeutics Inc ELYM announced interim results from its ongoing Period 1 trial of ETX-155 for important depressive problem (MDD) and epilepsy. 
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  • Subsequent reduce-than-expected drug publicity amounts in the a few subjects in a Section 1b photosensitive epilepsy (PSE) trial, Eliem initiated a Section 1 demo in healthful subjects to verify the pharmacokinetic profile of ETX-155.
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  • ETX-155 demonstrates exposures in single dose 60-milligram cohorts of ongoing Phase 1 pharmacokinetic demo consistent with prior trials. 
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  • Also see: Eliem Therapeutics Shares Slide On Decreased Again Agony Demo Setback.
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  • Eliem options to evaluate a 75-milligram dose of ETX-155 in the repeat dose element of the ongoing Stage 1 pharmacokinetic trial in balanced subjects.
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  • Closing success, including the repeat dose cohort, are predicted in Q4 of 2022. 
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  • The business ideas to start the Period 2a MDD trial in Q1 of 2023, with the topline facts anticipated in mid-2024.
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  • The business also mentioned it will not reinitiate the PSE evidence-of-strategy demo but will continue on to go after the enhancement of ETX-155 in focal onset seizures.
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  • The company is progressing two preclinical candidates from the Kv7.2/3 channel opener plan for IND-enabling safety experiments, envisioned in Q1 of 2023, with Period 1 experiments expected to start out in 1H of 2024. 
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  • The firm has discontinued the preclinical progress of a non-sedating anxiolytic for generalized anxiousness disorder since none of the compounds reached the required profile.
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  • The enterprise finished the September quarter with a hard cash stability of $129.8 million, envisioned to fund functions into 2025.
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  • Price Motion: ELYM shares are trading lower by 1.97% at $2.98 on the last test Wednesday.
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