Serina Therapeutics Sells UniverXome Subsidiary

Dow Jones

16 Jan

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.

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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. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2025 16:33 ET (21:33 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}