The Company is also eligible to receive future milestone payments of up to $275M, based on VOWST worldwide net sales. Considering Seres' current cash reserves, future operating plans, and anticipated capital from the sale, as well as ongoing transaction obligations, the Company expects its cash runway to extend into Q4 2025. Advisors to Seres Lazard acted as sole investment banker to Seres in connection with the VOWST sale, and Latham & Watkins LLP serves as the Company's legal counsel.