Held by 2 specialist biotech funds
# Signal Note: Driehaus Capital Initiates RLMD Position Driehaus's $9.1M entry into Relmada suggests confidence in its late-stage pipeline, likely REL-1017 (esmethadone) for treatment-resistant depression (TRD), which showed positive Phase 3 data and carries potential for rapid regulatory approval given Fast Track designation. The timing aligns with anticipated catalysts including potential NDA submission in 2024 and label expansion discussions, offering growth-oriented capital a meaningful risk/reward before potential FDA decisions.