Seres Therapeutics (MCRB) Misses Q3 EPS by 11c, Revenues Miss

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Seres Therapeutics Reports Third Quarter 2020 Financial Results and Provides Business Updates

November 9, 2020 7:00 AM EST

Reported ECOSPOR III Phase 3 study of SER-109 met primary endpoint, demonstrated statistically significant absolute reduction of 30.2% in rate of C. difficile infection recurrence compared to placebo

SER-109 anticipated to be first-ever FDA-approved microbiome therapy

First patient dosed in SER-301 Phase 1b study in mild-to-moderate ulcerative colitis

Strengthened balance sheet with $264 million financing to support R&D and CMC capabilities expansion, ongoing clinical studies, and pre-commercial launch activities

Conference call at 8:30 a.m. ET today

CAMBRIDGE, Mass.--(BUSINESS... More