Exhibit 99.1
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Kaleido Biosciences Appoints William Duke as Chief Financial Officer
LEXINGTON, Mass.,November 6, 2019 – Kaleido Biosciences, Inc. (Nasdaq: KLDO), a clinical-stage healthcare company with a chemistry-driven approach to leveraging the microbiome organ to treat disease and improve human health, today announced the appointment of William Duke as Chief Financial Officer (CFO), effective November 25, 2019. Mr. Duke brings nearly 20 years of experience in CFO and senior finance roles, including more than a decade within the life science industry.
Bill and I have a connection through our previous time at Genzyme and since then he has continued to demonstrate his leadership and corporate finance acumen throughout his career,” said Alison Lawton, President and Chief Executive Officer of Kaleido. “He is an exceptional finance professional, experienced in the capital markets, and I’m confident that he will also be a key member of our executive team, executing our strategy and supporting our business operations.”
“I’m thrilled to join the talented team at Kaleido and be part of delivering on the company’s unique approach of leveraging the potential of microbiome to improve human health,” said Mr. Duke. “With three MMT candidates in clinical studies and multiple data readouts anticipated this year and next, this is an exciting time to be joining Kaleido. I look forward to working with the team to support the advancement of our pipeline, platform/science and capabilities across the organization.”
Mr. Duke joins Kaleido from Pulmatrix, Inc.(Nasdaq: PULM), a clinical-stage pulmonary therapeutics company where he was CFO. There, he oversaw the company’s financial strategy, helped negotiate the company’s first product partnership, and led the successful completion of several public offerings. Prior to Pulmatrix, he served as CFO of Valeritas, Inc., a commercial-stage medical technology company, where he led a private financing round, recapitalized the company, and was responsible for the strategic planning, development and leadership of the corporate finance function. Mr. Duke also was senior director of finance at Genzyme Corporation, helping in the sale of the company to Sanofi, and director of finance/accounting at Haemonetics Corporation. Earlier in his career he held CFO positions at G8wave, an integrated media company focused on mobile platforms, and OTF Group, Inc. a business strategy consulting firm.
Mr. Duke earned his bachelor’s degree in business administration from Stonehill College, an MBA from Bentley College, and is a certified public accountant.
About Microbiome Metabolic Therapies (MMT™)
Kaleido’s Microbiome Metabolic Therapies, or MMTs, are designed to drive the function and distribution of the microbiome organ’s existing microbes in order to decrease or increase the production of metabolites, or to advantage or disadvantage certain bacteria in the microbiome community. The Company’s initial MMT candidates are targeted glycans that are orally administered, have limited systemic exposure, and are selectively metabolized by enzymes in the microbiome. Kaleido utilizes its human-centric discovery and development platform to study MMTs in microbiome samples in anex vivo setting, followed by advancing MMT candidates rapidly into clinical studies in healthy subjects and patients. These human clinical studies are conducted under
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