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Enobia was a private biopharmaceutical company based in Montreal, Canada, and Cambridge, Massachusetts. The company was dedicated to developing therapies for ultra-rare and life-threatening genetic metabolic disorders. Its lead product candidate, asfotase alfa (Strensiq), was designed to treat hypophosphatasia, a severe metabolic bone disease. In 2012, Enobia was acquired by Alexion (AstraZeneca) for $1.1B USD.

Specialty

Hypophosphatasia

Fund name

CTI LSF I

Position

Co-Lead

Board

Director

Investment Date

August 30, 2007

Exit Detail

Enobia acquired by Alexion for $1.1B USD

Initial Series Round

Series B

Investment Thesis

Enobia had a first-in-class disease modifying treatment for a rare and life-threatening pediatric disease called hypophosphatasia

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February 10, 2012

Closing of acquisition of Enobia by Alexion – Yet another successful portfolio exit for CTI’s Life Sciences Fund

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December 7, 2007

Enobia Pharma Inc. Closes C$40.1 million Series B Financing Round

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December 28, 2011

Alexion to Acquire Enobia Pharma Corp. and First Potential Treatment for Patients with Hypophosphatasia (HPP)

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August 10, 2009

Enobia Pharma Inc. Raises US$50M from Current Investors in Series C Financing

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November 9, 2015

Investissement Québec investit 10 millions de dollars dans le fonds CTI Sciences de la Vie II

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August 9, 2011

Enobia Pharma Raises US $40 million

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January 15, 2015

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