IPO Update: Kaleido Biosciences Seeks $100 Million IPO [Seeking Alpha]
JP Morgan Chase & Co. (JPM)
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Source: Seeking Alpha
IPO Update: Kaleido Biosciences Seeks $100 Million IPO Quick Take Kaleido Biosciences ( OTC:KLDO registration statement The company is developing microbiome-centric treatment candidates for hyperammonemia and other urea cycle disorders. KLDO is seeking a high valuation for a very early stage firm with no existing investor support for the IPO. Company & Technology Lexington, MA-based Kaleido was founded in 2015 to develop therapeutic agents utilizing the body’s microbiome. Management is headed by CEO Alison Lawton, who has been with the firm since December 2017 and was previously COO at Aura Biosciences. Below is a brief overview video of the human microbiome: Source: Kaleido is creating Microbiome Metabolic Therapies, MMTs, that ‘are designed to modulate the metabolic output and profile of the microbiome by driving the function and distribution of the organ’s existing microbes.’ Below is the current status of the company’s drug development pipeline: Source: Company registration statem
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