Seres Therapeutics Announces Completion of VOWST™ Asset Sale to Société des Produits Nestlé S.A [Yahoo! Finance]
Seres Therapeutics, Inc. (MCRB)
Last seres therapeutics, inc. earnings: 11/5 07:00 am
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Source: Yahoo! Finance
Cash received at completion, along with anticipated future deal payments, extends runway into Q4 2025 CAMBRIDGE, Mass., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Seres Therapeutics, Inc. (Nasdaq: MCRB), (“Seres” or the “Company”), a leading live biotherapeutics company, today announced that it has completed the previously announced sale of its VOWST business to Société des Produits Nestlé S.A (“SPN”, and with certain of its affiliates, collectively, “Nestlé Health Science”). “We are pleased to complete the sale of VOWST to Nestlé Health Science, which strengthens our financial position and sharpens our focus on developing our novel platform in multiple medically vulnerable patient populations at high risk of life-threatening bacterial infections and associated negative clinical outcomes,” said Eric Shaff, President and CEO of Seres Therapeutics. “The recently announced highly encouraging clinical results from our Phase 1b Cohort 2 study, demonstrating that SER-155 was associated with a
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News
- Seres Therapeutics files for resale of common stock by holder [Seeking Alpha]Seeking Alpha
- Seres Therapeutics Announces Completion of VOWST™ Asset Sale to Société des Produits Nestlé S.AGlobeNewswire
- Seres Therapeutics Stockholders Issue Open Letter to Board of Directors Regarding Reported Engagement With NestléBusiness Wire
- Seres Therapeutics Stockholders Approve Sale of VOWST™ to Nestlé Health Science; Sale Expected to Close on September 30GlobeNewswire
- Seres Therapeutics, Inc. (NASDAQ: MCRB) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $10.00 price target on the stock.MarketBeat
MCRB
Earnings
- 8/13/24 - Beat
MCRB
Sec Filings
- 10/2/24 - Form SC
- 10/2/24 - Form 3
- 10/1/24 - Form S-3
- MCRB's page on the SEC website