Microbiome biotech Kaleido Biosciences shutters amid cash crunch, drug setbacks

Sorry We are CLOSED sign on storefront

Kaleido Biosciences, formed by Flagship Pioneering as part of a wave of biotech companies developing microbiome therapies, has laid off its entire workforce and is winding down operations. The shutdown follows a strategic review that failed to turn up any deals to support its clinical-stage pipeline.