Gelesis raises $30 million to fund novel weight loss therapy
Boston, USA-based Gelesis has raised $30 million to support development of its pipeline of gastrointestinal disorder therapies, which includes candidates targeting type 2 diabetes and non-alcoholic steatohepatitis (NASH).
The company, which is an affiliate of the UK's PureTech Health (LSE: PRTC), is using mechanotherapeutics, an approach which leverages physical forces or mechanical signaling pathways as part of a product’s mechanism of action.
The money will be used to support commercial-stage manufacturing, product launch preparations, company operations, and clinical advancement.
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