Gelesis Holdings Inc (PK:GLSHQ)
Business Focus: Pharmaceuticals
| Sector: Healthcare | Industry: Pharmaceuticals |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 501 Boylston Street, Suite 6102 BOSTON MA 02116 |
| Tel: | N/A |
| Website: | https://capstarspac.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Gelesis Holdings, Inc. is a commercial stage biotherapeutics company built for consumer engagement. The Company focuses on advancing superabsorbent hydrogel therapeutics for chronic gastrointestinal (GI) diseases including excess weight, type two diabetes, Nonalcoholic Fatty Liver Disease (NAFLD)/ Nonalcoholic Steatohepatitis (NASH), functional constipation (FC), and inflammatory bowel disease. Its product, Plenity, is an orally administered capsule. Plenity is available by prescription via a telehealth consultation with a physician trained in weight management support, with free, unlimited follow-up visits as needed. Consumers can visit myplenity.com for online consultations. Its other pipeline candidate includes GS200 for weight loss in prediabetes and type two diabetes. It is also developing GS300 for the treatment of NAFLD and NASH, and GS500 for the treatment of Functional Constipation (FC). |
| Financial Overview |
| For the six months ended 30 June 2023, Gelesis Holdings Inc revenues decreased 83% to $2.9M. Net loss applicable to common stockholders decreased 77% to $12.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Selling, general and administrative, i decrease of 57% to $11.8M (expense). |
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