Case Study: Ilypsa, Inc. achieves rapid fundraising, secure global collaboration and a successful acquisition with IntraLinks

Ilypsa, Inc. - Customer Case Study

Ilypsa, a Santa Clara–based biopharmaceutical startup developing non‑absorbed renal drugs, needed a secure, scalable way to raise capital, share highly confidential preclinical and clinical data with global partners, and manage intensive due diligence as it moved from research to development. The company faced the usual startup constraints—limited IT resources, multiple time zones, tight confidentiality needs—and anticipated growing collaboration and transaction activity that a paper room or internally hosted system could not support.

Ilypsa adopted IntraLinks On‑Demand Workspaces as its virtual dealroom and document repository, using fine‑grained access controls, audit trails and 24/7 support to share data with investors, Astellas (a licensing partner) and multiple bidders. The solution scaled from ~50 to 575 users, sped due diligence across time zones, protected IP, reduced IT burden, helped secure licensing funding (up to $92M potential with Astellas) and ultimately facilitated a competitive sale and successful acquisition in July 2007.

Ilypsa, Inc.

Clint Webb

Corporate Counsel