Fractyl Completes $44 Million Series D Financing to Advance New Treatment for Type 2 Diabetes
Summary
Proceeds from the financing will be used towards continued development of Fractyls Revita™ DMR technology for patients with type 2 diabetes, including support for the ongoing Revita-2 randomized clinical study. "Metabolic diseases, including type 2 diabetes and NAFLD/NASH are an epidemic of staggering proportions, impacting hundreds of millions of people around the globe," said Dr. Krishna Yeshwant, GV General Partner. "Fractyl offers the potential to fundamentally redefine the treatment paradigm for type 2 diabetes and reverses the disease process rather than manage its symptoms." Recent scientific advances have shown that diet-induced changes to the lining of the duodenum, the first segment of the small intestine, can lead to insulin resistance and metabolic diseases like type 2 diabetes and NAFLD/NASH. Fractyl recently presented data at several international medical conferences on the safety and durable effectiveness of the Revita DMR treatment through at least one year of follow up from a single procedure in its multicenter European Revita-1 trial.