Progress in Advancing SER-155
Significant progress is being made advancing SER-155 into the next stage of development in allo-HSCT, with a 77% relative risk reduction in bloodstream infections observed in Phase 1b study.
Encouragement from Medical Community
Positive feedback received from the European Society for Blood and Marrow Transplantation Conference, highlighting the medical community's support and interest in SER-155.
Financial Performance and Cost Management
Reported net income from continuing operations of $32.7 million in Q1 2025, compared to a net loss of $32.9 million in Q1 2024. R&D expenses reduced to $11.8 million from $19.5 million, and G&A expenses decreased to $11.9 million from $14.9 million.
Regulatory and Strategic Progress
Constructive interactions with FDA, incorporating feedback into Phase 2 study design for SER-155, aiming for a time and capital-efficient path to clinical data.