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On September 23, 2025, Seres Therapeutics, Inc. (the "Company") announced actions to reduce operating costs in order to extend its cash runway to provide additional opportunities to advance its strategic priorities.
In this announcement, the Company reported that it was reducing its workforce by approximately 25% (including reductions that were effective in August 2025), and the workforce reduction is expected to result in cash charges of approximately $1.0 to $1.4 million, primarily related to severance costs, to be paid in the fourth quarter of 2025. As a result of the anticipated cost savings arising from these previously announced initiatives, and based on current operating plans, the Company expects to extend its cash runway into the second quarter of 2026. The foregoing estimates are based upon current assumptions and expectations but are subject to known and unknown risks and uncertainties. Accordingly, the Company may not be able to fully realize the cost savings and benefits initially anticipated from such actions, and the expected costs may be greater than expected.
Posted In: MCRB
