ETX-155 is a small molecule commercialized by Eliem Therapeutics, with a leading Phase I program in Partial Seizure. According to Globaldata, it is involved in 5 clinical trials, of which 2 were completed, 2 are planned, and 1 was terminated. GlobalData uses proprietary data and analytics to provide a complete picture of ETX-155’s valuation in its risk-adjusted NPV model (rNPV). Buy the model here.

The revenue for ETX-155 is expected to reach an annual total of $53 mn by 2037 in the US based off GlobalData’s Expiry Model. The drug’s revenue forecasts along with estimated costs are used to measure the value of an investment opportunity in that drug, otherwise known as net present value (NPV). Applying the drug’s phase transition success rate to remaining R&D costs and likelihood of approval (LoA) to sales related costs provides a risk-adjusted NPV model (rNPV). The rNPV model is a more conservative valuation measure that accounts for the risk of a drug in clinical development failing to progress.

ETX-155 Overview

ETX-155 is under development for the treatment of major depressive disorder (MDD), perimenopausal depression and focal onset seizures (FOS). The drug candidate is administered through oral route. It is a next-generation, neuroactive steroid new chemical entity (NCE) that acts by targeting GABA A type receptor.

Eliem Therapeutics Overview

Eliem Therapeutics is a biotechnology company that develops and markets novel therapies for the treatment of chronic pain, psychiatry, epilepsy and other peripheral and central nervous system disorders. The company is headquartered in Redmond, Washington, the US.

The operating loss of the company was US$35.7 million in FY2021, compared to an operating loss of US$20.9 million in FY2020. The net loss of the company was US$47.5 million in FY2021, compared to a net loss of US$20.7 million in FY2020.

For a complete picture of ETX-155’s valuation, buy the drug’s risk-adjusted NPV model (rNPV) here.


GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

To create this model, GlobalData takes into account factors including patent law, known and projected regulatory approval processes, cash flows, drug margins and company expenses. Combining these data points with GlobalData’s world class analysis creates high value models that companies can use to help in evaluation processes for each drug or company.

The rNPV method integrates the probability of a drug reaching a clinical stage into the cash flow at that time, which provides a more accurate valuation, as it considers the probability that the drug never makes it through the clinical pathway to commercialization. GlobalData’s rNPV model uses proprietary likelihood of approval (LoA) and phase transition success rate (PTSR) data for the indication in the highest development stage, which can be found on GlobalData’s Pharmaceutical Intelligence Center.