Seres Therapeutics Announces Receipt of Expected $50 Million Installment Payment Related to VOWST Sale
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Seres Therapeutics has received a $50 million installment payment from Nestlé Health Science as part of the sale of its VOWST business. This payment was anticipated as part of the transition obligations.
January 16, 2025 | 12:15 pm
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Seres Therapeutics received a $50 million payment from Nestlé Health Science, fulfilling part of the VOWST business sale agreement. This payment was expected and supports the company's financial position.
The receipt of the $50 million installment payment is a positive financial event for Seres Therapeutics, as it strengthens the company's cash position. This payment was expected, indicating that the transaction is proceeding as planned, which is reassuring for investors.
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