Nasdaq Welcomes Kaleido Biosciences, Inc. (Nasdaq: KLDO) to the Nasdaq Stock Market
NEW YORK, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Kaleido Biosciences, Inc. (Nasdaq: KLDO), a clinical-stage healthcare company with a differentiated, chemistry-driven approach focused on leveraging the potential of the microbiome organ to treat disease and improve human health, rang the Nasdaq MarketSite bell in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
Kaleido has built a human-centric proprietary product platform to enable the rapid and cost-efficient discovery and development of novel Microbiome Metabolic Therapies (MMT™). The Company is advancing a broad pipeline of MMT candidates with the potential to address a variety of diseases and conditions with significant unmet patient needs.
“We are excited to join Nasdaq as we continue to work to translate the promise of the microbiome into solutions for patients,” said Alison Lawton, President and Chief Executive Officer, Kaleido. “We are pleased with the support we received from many new investors and existing shareholders in our IPO, and have significant resources to advance our pipeline of novel MMT candidates. We plan to initiate a Phase 2 clinical trial in urea cycle disorders during the first half of this year and to conduct five non-IND human clinical studies in 2019 evaluating multiple MMTs across several disease areas. We look forward to important data emerging from these studies beginning later this year through mid-2020.”
“Kaleido has developed a novel approach to harnessing the potential of the microbiome with its proprietary product platform, robust pipeline and world-class leadership team,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “We’re proud to welcome Kaleido to the Nasdaq family of the world’s most innovative companies and wish them nothing but continued success.”
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/345ccb6e-db1b-448b-9feb-f4cda8f97e2f.