Seres Health, a clinical-stage therapeutics company, has raised $48 million, according to a Boston Business Journal report.
The Series C round financing will be used to fund a phase 3 trial of its lead drug, SER-109, intended to prevent the recurrence of Clostridium difficile infection. The drug is considered a biologic by the U.S. Food and Drug Administration. Early stage trial results showed that the use of the drug resulted in 29 out of 30 patients remaining infection-free for two months, according to the report.
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