| Founded | 2009 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Biotech |
| Collapse type | Slow Death |
Gelesis
"Weight loss biotech went public via SPAC at 1.7 billion dollars with an FDA-approved product but discovered that manufacturing and reimbursement economics made commercial success structurally impossible."
Years-long decline before final shutdown
Key Events Timeline
Gelesis developed Plenity, a novel oral hydrogel weight management device approved by the FDA in 2019.
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