PureTech Founded Entity Gelesis Receives $30 Million Plenity® Order from Ro
PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) (PureTech or the Company), a clinical-stage biotherapeutics company, announced today that its Founded Entity, Gelesis, Inc. (Gelesis) received a $30 million fully paid pre-order for the companys first commercial product for weight management, Plenity, from Ro, a leading U.S. direct-to-patient healthcare company.
- PureTech Health plc (Nasdaq: PRTC, LSE: PRTC) (PureTech or the Company), a clinical-stage biotherapeutics company, announced today that its Founded Entity, Gelesis, Inc. (Gelesis) received a $30 million fully paid pre-order for the companys first commercial product for weight management, Plenity, from Ro, a leading U.S. direct-to-patient healthcare company.
- Plenity was initially made available through a beta launch in 2020, and demand quickly outpaced supply while Gelesis worked to construct a larger manufacturing facility.
- Since then, Gelesis has sold as much product as it can make and nearly 70,000 people have started their weight management journey with Plenity through Ros platform.
- Ro projects Plenity will have 1,500% YoY revenue growth (Dec. 2020 to Dec. 2021) and anticipates weight management will continue to be among the companys top treatment requests on the Ro platform.