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• Seres Therapeutics reports Q3 2025 financial results • FDA feedback on SER-155 Phase 2 study for allogeneic hematopoietic stem cell transplant • Study protocol finalized; interim results expected in 12 months • Ongoing study in immune checkpoint related enterocolitis to inform broader SER-155 opportunity • Initial results expected in early 2026 • Company reduces operating costs; expects to fund operations through Q2 2026
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