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GLyPharma was a private biopharmaceutical company created by CTI LSF and was based in Montreal, Canada. The company developed a long-acting GLP-2 receptor agonist for the treatment of rare gastrointestinal disorders, including short bowel syndrome. In 2018, GLyPharma was acquired by Therachon for $55M USD cash and shares in Therachon. Therachon was acquired by Pfizer for $810M USD a year later.

Specialty

Short bowel syndrome

Fund name

CTI LSF I

Position

Lead

Board

Director

Investment Date

September 13, 2012

Exit Detail

GLyPharma acquired by Therachon for $55M USD + shares; Therachon later acquired by Pfizer for $810M USD

Initial Series Round

Seed

Investment Thesis

GLyPhama was created based on a deprioritized and highly de-risked asset from Ferring with best-in-class potential for treating short bowl syndrome

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