Fractyl Health

Last updated
Fractyl Health, Inc.
FormerlyFractyl Laboratories
Company type Public
Nasdaq:  GUTS
Industry
Founded2010;15 years ago (2010)
Founders
  • Jay Caplan
  • Harith Rajagopalan
Headquarters
Key people
Number of employees
88 [2]  (2024)
Website fractyl.com

Fractyl Health is a Burlington, Massachusetts-based [3] healthcare company focused on metabolic diseases like obesity and type 2 diabetes. [4] The company developed Revita, an outpatient endoscopic procedure to modify duodenal dysfunction, and Rejuva, a gene therapy platform in preclinical development to enable the pancreas to produce glucagon-like peptide-1 (GLP-1).

Contents

History

Harith Rajagopalan, MD, PhD, and Jay Caplan established Fractyl Health, initially named Fractyl Laboratories, [5] in 2010. [6] The company's Revita device gained CE marking in April 2016 [7] and became commercially available in the UK in January 2020. [8] In April 2021, the US Food and Drug Administration (FDA) gave Revita breakthrough device designation to treat type 2 diabetes. [9] The company changed its name to Fractyl Health in June 2021. [10]

In April 2022, the FDA approved an investigational device exemption trial for Revita. [11] It became available commercially in Germany in early 2023. [12] The FDA issued additional breakthrough device designation to Revita in July 2024 for weight maintenance in certain people with type 2 diabetes or obesity. [13] [14]

Fractyl had an initial public offering on the Nasdaq in February 2024. [15] As of February 2025, [16] the company's REMAIN-1 study is evaluating Revita for patients with obesity to support weight maintenance after use of a GLP-1 drug. [17] In January 2025, Fractyl announced it would focus research for Revita on obesity and people on GLP-1s, [18] citing rising demand driven by the popularity of GLP-1s. [19] The company also laid off some employees focused on type 2 diabetes treatment. [20]

Products

Fractyl's therapies focus on the root causes of metabolic diseases like obesity. [4]

Revita

Revita is an outpatient endoscopic procedure that resurfaces the mucosal lining of the duodenum using ablation with water and heat. [13] [21] The duodenal lining can thicken with chronic high-fat and high-sugar diets; [22] this can damage signaling mechanisms in the gastrointestinal tract [13] and lead to metabolic disease. [23] [24] After resurfacing, a healthy mucosal layer can regrow over time, potentially improving blood sugar regulation [5] and insulin sensitivity. [22]

Rejuva

Rejuva is an adeno-associated virus (AAV)-based gene therapy platform to enable the pancreas to produce GLP-1 on an ongoing basis as a treatment for obesity and type 2 diabetes. [25] The therapy targets dysfunctional beta islet cells in the pancreas. [26] Delivery is done with a needle catheter to deliver viral vectors into the pancreas. [26]

In January 2025, Rejuva completed Clinical Trial Application-enabling preclinical in vivo studies, [27] beginning its first-in-human studies in the first half of 2025. [28]

References

  1. LaHucik, Kyle (29 January 2024). "Fractyl has the GUTS: Obesity and diabetes biotech charts $99M IPO". Endpoints News. Retrieved 10 January 2025.
  2. Fonseca, Camilo (18 January 2024). "Lexington-based Fractyl Health, focused on non-drug treatments for diabetes and obesity, filing for IPO". The Lexington Observer. Retrieved 9 January 2025.
  3. "Form 8-K: Fractyl Health, Inc". U.S. Securities and Exchange Commission. 24 June 2024. Retrieved 13 January 2025.
  4. 1 2 "Fractyl Health valued at $654.6 mln in tepid debut". Reuters. 2 February 2024. Retrieved 9 January 2025.
  5. 1 2 Hale, Conor (16 June 2021). "Fractyl nets $100M to complete development of its intestine-resurfacing device for Type 2 diabetes". Fierce Biotech. Retrieved 9 January 2025.
  6. Green, Hannah (2 February 2024). "Lexington biotech raises $110M in first Mass. IPO of 2024". Boston Business Journal. Retrieved 10 January 2025.
  7. "Fractyl Completes $44M Series D Financing". FinSMEs. 30 November 2017. Retrieved 10 January 2025.
  8. Kent, Chloe (28 January 2020). "Revita type II diabetes treatment launches in London". Medical Device Network. Retrieved 10 January 2025.
  9. Whooley, Sean (27 April 2021). "FDA grants breakthrough nod for Fractyl's type 2 diabetes treatment". Drug Delivery Business. Retrieved 9 January 2025.
  10. DeFeudis, Nicole (16 June 2021). "After a decade in the type 2 diabetes game, Fractyl Laboratories recharges with a fresh $100M and a new name". Endpoints News. Archived from the original on 16 June 2021. Retrieved 10 January 2025.
  11. Whooley, Sean (4 April 2022). "FDA approves IDE trial for Fractyl Health's diabetes reversal tech in type 2 diabetes patients". Drug Delivery Business. Retrieved 9 January 2025.
  12. "Fractyl's Revita DMR System commercially available in Germany". Bariatric News. 8 February 2023. Retrieved 10 January 2025.
  13. 1 2 3 Barrie, Robert (8 August 2024). "Fractyl Health touts positive year-long weight loss results for Revita device". Clinical Trials Arena. Retrieved 9 January 2025.
  14. Gallagher, Ashley (1 August 2024). "FDA Grants Breakthrough Device Designation for System Maintaining Weight Loss After GLP-1". Pharmacy Times. Retrieved 13 January 2025.
  15. "Fractyl Health raises $110 mln in US IPO". Reuters. 2 February 2024. Retrieved 9 January 2025.
  16. Beard, David (9 February 2025). "WVU Medicine leads trial of procedure to maintain weight loss without GLP-1 drugs". The Dominion Post. Retrieved 7 March 2025.
  17. Philpott, Jenna (2 April 2024). "Fractyl Health receives IDE approval for Revita trial". Clinical Trials Arena. Retrieved 13 January 2025.
  18. Hale, Conor (31 January 2025). "Fractyl Health pivots Type 2 diabetes device therapy toward obesity and GLP-1s, lays off 17% of staff". Fierce Biotech. Retrieved 24 February 2025.
  19. Baxter, Amy (10 February 2025). "Beyond GLP-1s? This biotech is exploring longer-term metabolic treatments". PharmaVoice. Retrieved 7 March 2025.
  20. Green, Hannah (31 January 2025). "Burlington biotech slims down 17% of workforce, focuses on weight maintenance treatment". Boston Business Journal. Retrieved 7 March 2025.
  21. Lawrence, Stacy (14 October 2015). "FierceMedicalDevices' 2015 Fierce 15". Fierce Biotech. Retrieved 20 May 2025.
  22. 1 2 Hale, Conor (23 May 2022). "Fractyl's Type 2 diabetes device therapy spurs pancreas function". Fierce Biotech. Retrieved 10 January 2025.
  23. Patchen, Tyler (1 April 2024). "Fractyl Secures FDA Approval for Weight Maintenance Study After Discontinuation of GLP-1s". BioSpace. Retrieved 13 January 2025.
  24. Godkin, David (17 August 2023). "A little intestinal fortitude sees Fractyl on track to reverse the root causes of T2D". BioWorld. Retrieved 13 January 2025.
  25. Grinstein, Jonathan D. (23 June 2024). "Fractyl Health's GLP-1 Gene Therapy Outperforms Semaglutide in Mice". Inside Precision Medicine. Retrieved 9 January 2025.
  26. 1 2 Floersh, Helen (24 June 2024). "Fractyl's GLP-1 gene therapy makes weight loss last in mice". Fierce Biotech. Retrieved 10 January 2025.
  27. Ford, Omar (31 January 2025). "Fractyl to Lay Off 17% of Workforce". Medical Device and Diagnostic Industry. Retrieved 24 February 2025.
  28. Samorodnitsky, Dan (31 January 2025). "Fractyl Goes All In on GLP-1 Off-Ramp Drug, Lays of 17% of Workforce". BioSpace. Retrieved 24 February 2025.