Gelesis Reports Second Quarter 2022 Results
Gelesis Holdings, Inc. (GLS)
Company Research
Source: Business Wire
Plenity Q2 product revenue increased 312% year-over-year to $9.0 millionGross profit in Q2 increased by $4.0 million year-over-year, with gross margin improving to 47% from 8% BOSTON--(BUSINESS WIRE)--Gelesis (NYSE: GLS), the maker of Plenity for weight management, today reported financial results for the second quarter of 2022.“We are seeing both consumers and clinicians embracing Plenity, with continued growth in both of our distribution channels. We are excited by the fact that consumers are ordering quarterly kits at the start of their treatment journey as well as by our refill rates,” said Yishai Zohar, Founder and CEO of Gelesis. “There has been incredible momentum in obesity care and finally, patients have multiple effective approaches to managing their weight based upon their BMI, insurance coverage, and their personal needs. Plenity offers a unique solution: orally administered capsules for those individuals with overweight and obesity across a wide BMI spectrum, including
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