Seres severs ties with Vowst to focus on future
Microbiome therapeutics company Seres Therapeutics (Nasdaq: MCRB) has announced a memorandum of understanding with Nestlé Health Science to sell its Vowst (fecal microbiota spores, live-brpk) assets.
The deal will give Nestlé Health Science full product and intellectual property rights and will enable Seres to pay off debt and focus on the advancement of its other microbiome product candidates.
While financial particulars were not revealed, Seres said it should be able to extend its cash runway into the final quarter of next year.
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