
US microbiome therapeutics company Seres Therapeutics (Nasdaq: MCRB) announced two transactions aimed at strengthening its financial position and extending its operating cash runway into the first quarter of 2027.
The company secured a $25 million payment from Nestlé Health Science and completed a lease restructuring that will significantly reduce its ongoing facility costs and long-term lease liabilities. Despite the seemingly positive news, shares of Seres were down 3.6% at $6.60 by close of trading on Friday.
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