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Elcelyx Therapeutics Completes $20 Million Series C Financing to Advance NewMet and Lovidia
Date:2/14/2013

loss without diet or exercise modification. Lovidia increases the body's production of natural satiety and gluco-regulatory gut hormones twofold; with the same number of calories, subjects in clinical trials had twice the satiety signal.

"Elcelyx is that rare winning trifecta in healthcare: Low-risk products that address large populations, experienced leadership and blue-chip investors. It is a pleasure to support and advise an organization that can make a profound impact on the lives of people struggling to manage their diabetes and weight," said Elcelyx Director Rick Barry .

Mr. Barry joins current Elcelyx directors Ralph "Chris" Christoffersen, Ph.D. (chairman), Brook Byers , Jim Glasheen , Ph.D., Ginger L. Graham and Alain Baron , M.D. Barry 's career in the financial industry included posts at Merrill Lynch, Robertson Stephens Investment Management and other leading financial services companies. In 1999 he founded Eastbourne Capital Management, LLC and served as its managing member and portfolio manager until it was closed and he retired in 2010.

"Elcelyx is accumulating impressive clinical data for NewMet and Lovidia demonstrating the product candidates' ability to meaningfully improve glucose regulation and reduce weight with minimal side effects, respectively," said Alain Baron , M.D., President and Chief Executive Officer of Elcelyx Therapeutics. "The Series C financing will enable us to build the value of both products and reach important data read-outs that will be attractive to potential partners."

About Elcelyx Therapeutics
Elcelyx Therapeutics is developing safe products for weight management and obesity-related metabolic disorders based on the science of nutrient sensi
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SOURCE Elcelyx Therapeutics
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