Seres Therapeutics

Seres Therapeutics

MCRB
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MCRB · Stock Price

USD 7.72-0.16 (-2.03%)
Market Cap: $73.8M

Historical price data

Market Cap: $73.8MPipeline: 9 drugs (2 Phase 3)Founded: 2010Employees: 100-250HQ: Cambridge, United States

Overview

Seres Therapeutics is a trailblazer in the microbiome field, with a mission to transform patient lives by restoring microbiome health. Its landmark achievement is the FDA approval and commercialization of VOWST™ for recurrent C. difficile infection, validating its platform and establishing a first-mover advantage. The company's strategy involves leveraging this platform to expand into larger gastrointestinal and immunology indications, while navigating the challenges of commercial execution, pipeline development, and financial sustainability.

Infectious DiseaseGastroenterologyImmunology

Technology Platform

Proprietary platform for discovering and manufacturing defined consortia of purified bacterial spores, designed to survive oral administration and restore a healthy microbiome.

Pipeline

9
9 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
SER-109 + PlaceboClostridium Difficile InfectionPhase 3
SER-109Clostridioides Difficile InfectionPhase 3
SER-109 + PlaceboClostridium DifficilePhase 2
Vancomycin Pre-Treatment + Placebo for Vancomycin Pre-Treatm...Ulcerative ColitisPhase 2
Placebo for antibiotic + Vancomycin pretreatment + Nivolumab...Metastatic MelanomaPhase 1

Funding History

4
Total raised:$267.5M
PIPE$75M
IPO$134M
Series B$48M
Series A$10.5M

Opportunities

The commercial launch of VOWST™ establishes a revenue base in the rCDI market.
The platform has potential for expansion into significantly larger markets like ulcerative colitis and high-need areas like preventing infections in immunocompromised patients, supported by orphan drug designations.

Risk Factors

Key risks include commercial execution challenges for VOWST™ against competition, clinical failure of pipeline candidates (as seen with SER-287), ongoing financial losses requiring additional capital, and the complex manufacturing of live biologic products.

Competitive Landscape

Seres competes directly with Ferring's Rebyota in the approved rCDI market and faces numerous biotech and pharma companies developing live biotherapeutics for gastrointestinal and immunology indications. Its first-mover oral approval and manufacturing platform are key differentiators.

Company Timeline

2010Founded

Founded in Cambridge, United States

2014Series B

Series B: $48.0M

2015IPO

IPO — $134.0M

2020PIPE

PIPE: $75.0M