- CEO
- Alessandro Sannino
- Full Time Employees
- 93
- Sector
- Healthcare
- Industry
- Biotechnology
- Address
- 501 Boylston Street Boston MA United States of America 02116
- IPO Date
- Aug 24, 2020
- Business
- Gelesis Holdings, Inc. was a biotherapeutics firm that engaged in developing innovative biomimicry solutions for conditions such as excess weight and various gastrointestinal chronic illnesses. The company's flagship offering was PLENITY, an orally administered, non-systemic and non-stimulant preparation designed to aid in weight management. Additionally, Gelesis was actively progressing candidates like GS200 for addressing weight loss in individuals with prediabetes and type 2 diabetes, alongside GS500 for functional constipation. Early-stage investigations also included GS300, aimed at non-alcoholic fatty liver disease and non-alcoholic steatohepatitis. Founded in 2006, the company maintained its headquarters in Boston, Massachusetts. However, Gelesis Holdings, Inc., along with its affiliates, initiated a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the District of Delaware on October 30, 2023, ceasing all operations at that time. Subsequently, a Chapter 7 trustee was appointed, and substantially all of the company's assets, including its intellectual property, were sold in July 2024.