Pipeline

From Discovery to Phase II

First-in-Class, Non-Systemic Therapies Designed to Address Limitations of Current Standards of Care

Program

Discovery

IND-enabling

Phase I

Phase II

EL-924

Obesity & metabolic disease

Program

Discovery

IND-enabling

Phase I

Phase II

EL-165

Inflammatory Bowel Disease (IBD)

Program

Discovery

IND-enabling

Phase I

Phase II

EL-787

Irritable Bowel Syndrome (IBS)&(SIBO)

Additional programs in metabolic disease are in early discovery. Updates will be shared as they progress.
EL-924

Redefining metabolic treatment in obesity.

EL-924 is a first-in-class therapeutic designed to address obesity through modulation of the body’s intrinsic metabolic regulation — moving beyond traditional approaches centered on calorie restriction or appetite suppression.

Potentially addressing key limitations of current standard-of-care therapies.

Differentiation

Designed to overcome the limitations of today's therapies.

Today's standard of care

Limitations of GLP-1 / GIP therapies

Lean mass loss associated with weight reduction

Gastrointestinal tolerability limitations in a substantial subset of patients


Poor long-term adherence

EL-924

Designed to overcome prior limitations

Robust observed biological effect

Early human data suggesting favorable tolerability

Early signals suggesting preservation of lean mass during weight loss

Profile

A non-systemic, mechanistically distinct therapy.

EL-924 is designed for local gastrointestinal activity with minimal systemic exposure — enabling a differentiated profile across safety, combinability, and breadth.

Differentiated safety profile

Local activity in the proximal small intestine with minimal systemic exposure.

Combinable with existing therapies

Mechanism complements — and is distinct from — current standard of care.

Broad applicability

Designed for obesity, insulin resistance, and related metabolic conditions.

Platform Extensions:

EL-156 in IBD and EL-787 in Functional GI Disorders

Insights from EL-924’s protective coating and local epithelial interaction helped inform the development of two additional gut-directed programs:

EL-156 for inflammatory bowel disease and EL-787 for functional GI disorders, including IBS-D, SIBO-like symptoms, and bloating.

EL-156:

EL 156 Inflammatory Bowel Disease: Addressing Key Limitations of Current Therapies

Despite major advances in IBD treatment, there remains a need for therapies that provide rapid local control without systemic immunosuppression.

EL-615 is a gut-localized, non-immunosuppressive therapy designed to form a transient protective layer over inflamed and ulcerated intestinal tissue, shielding the epithelium from harmful luminal factors while supporting mucosal recovery.

In preclinical colitis models, EL-615 rapidly reduced bleeding and diarrhea. In a severe established-disease model, treatment increased survival from approximately 30% to 80%.

These findings support the potential of EL-615 as a rapid, locally acting therapy for IBD, with a mechanism that may complement existing biologic and immunomodulatory treatments. 

EL-787: Rapid Symptom Control for Bloating, SIBO-Like Symptoms, and IBS-D

Bloating is increasingly recognized as a major GI complaint in the United States, affecting a large proportion of adults and lacking highly effective treatment options.

EL-787 emerged from our work to optimize EL-924 tolerability and address potential GI effects associated with nutrient diversion, including bloating, SIBO-like symptoms, and diarrhea.

The resulting program showed encouraging potential to rapidly reduce pre-existing bloating, SIBO-like symptoms, and IBS-D–related discomfort in early human observations.

EL-787 is designed as a locally acting, potentially PRN oral therapy for common functional GI symptoms.

By providing transient protective mucosal coverage in harsh intraluminal conditions and modulating local microbiota-related interactions, EL-787 may deliver rapid and meaningful symptom relief while maintaining a favorable safety profile and promoting epithelial repair and improved defense mechanisms.