Item 1. Security and Issuer.
This statement relates to the ordinary shares, $.01 par value (the “Ordinary Shares”) of Strongbridge Biopharma, Inc. (the “Issuer”) having its principal executive office at 900 Northbrook Drive, Suite 200, Trevose, PA 19053.
Item 2. Identity and Background.
This statement is being filed by:
(a) Growth Equity Opportunities Fund IV, LLC (“GEO”);
(b) New Enterprise Associates 15, L.P. (“NEA 15”), which is the sole member of GEO, NEA Partners 15, L.P. (“NEA Partners 15”), which is the sole general partner of NEA 15; and NEA 15 GP, LLC (“NEA 15 LLC” and, together with NEA Partners 15, the “Control Entities”), which is the sole general partner of NEA Partners 15; and
(c) Peter J. Barris (“Barris”), Forest Baskett (“Baskett”), Anthony A Florence, Jr. (“Florence”), Krishna S. Kolluri (“Kolluri”), Joshua Makower (“Makower”), David M. Mott (“Mott”), Jon M. Sakoda (“Sakoda”), Scott D. Sandell (“Sandell”), Peter W. Sonsini (“Sonsini”), Ravi Viswanathan (“Viswanathan”) and Harry R. Weller (“Weller”) (together, the “Managers”). The Managers are the managers of NEA 15 LLC.
The persons named in this Item 2 are referred to individually herein as a “Reporting Person” and collectively as the “Reporting Persons.”
The address of the principal business office of GEO and each Control Entity is New Enterprise Associates, 1954 Greenspring Drive, Suite 600, Timonium, MD 21093. The address of the principal business office of each of Barris, Florence, Mott and Weller is New Enterprise Associates, 5425 Wisconsin Avenue, Suite 800, Chevy Chase, MD 20815. The address of the principal business office of Baskett, Kolluri, Makower, Sakoda, Sandell, Sonsini and Viswanathan is New Enterprise Associates, 2855 Sand Hill Road, Menlo Park, California 94025.
The principal business of GEO and NEA 15 is to invest in and assist growth-oriented businesses located principally in the United States. The principal business of NEA Partners 15 is to act as the sole general partner of NEA 15. The principal business of NEA 15 LLC is to act as the sole general partner of NEA Partners 15. The principal business of each of the Managers is to manage the Control Entities, GEO and a number of affiliated partnerships with similar businesses.
During the five years prior to the date hereof, none of the Reporting Persons has been convicted in a criminal proceeding or has been a party to a civil proceeding ending in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
GEO and NEA 15 LLC are limited liability companies organized under the laws of the State of Delaware. NEA 15 and NEA Partners 15 are limited partnerships organized under the laws of the State of Delaware. Each of the Managers is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
On October 15, 2015, the Registration Statement on Form F-1 filed with the Securities and Exchange Commission by the Issuer (File No.333-206654) in connection with its initial public offering of 2,500,000 shares of Ordinary Shares of the Issuer (the “IPO”) was declared effective. The closing of the IPO took place on October 21, 2015 and at such closing GEO purchased an aggregate of 550,000 shares of Ordinary Shares at the IPO price of $10.00 per share from the Issuer. Prior to the IPO, GEO purchased from the Issuer in a series of private transactions depositary receipts which represented beneficial interests equal to 1,591,308 Ordinary Shares of the Issuer (“Depositary Receipts”) for an aggregate purchase price of $10,747,320.08. Immediately prior to the closing of the IPO, the Depositary Receipts held by GEO automatically converted into 1,591,308 shares of Ordinary Shares of the Issuer. GEO now holds a total of 2,141,308 shares of the Issuer’s Ordinary Shares (the “Securities”).