By Stephen Nakrosis
Serina Therapeutics on Wednesday said it has sold its UniverXome subsidiary in a deal which was finalized on Dec. 23.
The biotechnology company said on Wednesday that the transaction eliminated $11.2 million in associated subsidiary-level debt, allowing the company to enter 2025 with a debt-free balance sheet.
Chief Executive Officer Steve Ledger said the deal allows Serina to continue its focus on advancing SER-252, its lead candidate for advanced Parkinson's disease, into clinical development. The deal also allows the company to further explore the potential of its POZ platform, a technology designed to provide greater control in drug loading and the rate of release of drugs delivered via subcutaneous injection, Ledger said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 15, 2025 16:33 ET (21:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。