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Seres Therapeutics Has Signed An Agreement With Société Des Produits Nestlé For The Sale Of Its VOWST Business To Nestlé Health Science. Seres Will Receive Capital Infusions, Including An Upfront Payment, A Prepaid Milestone Payment, And An Equity Investment

Author: Benzinga Newsdesk | August 06, 2024 07:58am

In addition, Seres is due to receive installment payments in 2025, as well as potential future payments based on VOWST net sales targets. 

Seres will support ongoing VOWST availability by providing transition services through the first quarter of 2025 and manufacturing support through the end of 2025 (subject to limited extension rights by Nestlé) and will continue to share 50/50 in the profit and loss of the business through the end of 2025. 

Posted In: MCRB


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