08:52 AM EST, 01/16/2025 (MT Newswires) -- Seres Therapeutics ( MCRB ) said Thursday it received a $50 million installment related to the sale of its VOWST business to Societe des Produits Nestle.

The company said in September that it received $175 million in gross proceeds and expects to receive two installment payments.

Seres said it expects the next installment of $25 million in July.

Current cash reserves and anticipated future deal payments are anticipated to extend the company's cash runway into Q1 2026, Seres added.