earnings
confidence high
sentiment positive
materiality 0.75
Seres reports Q3 2022 net loss $60M; SER-109 BLA accepted for Priority Review with PDUFA April 26, 2023
Seres Therapeutics, Inc.
2022-Q3 EPS reported
-$1.77
revenue$6,153,000
- Net loss of $60.0M in Q3 2022 vs net income of $68.2M in Q3 2021; R&D expenses $43.1M.
- FDA accepted SER-109 BLA for Priority Review; PDUFA target action date April 26, 2023.
- ECOSPOR IV open-label study: 91.3% of patients achieved sustained clinical response at 8 weeks.
- Cash, cash equivalents and marketable securities $233.0M as of Sept 30, 2022.
- SER-155 cohort 1 enrollment complete; DSMB safety review by year end; initial data early 2023.