Selecta Updates on Strategic Initiative Designed to Maximize Stockholder Value

 Company to continue focusing on advancement of SEL-212, a potential treatment for chronic refractory gout; Biologics License Application (BLA) filing on track for 1H 2024 –

– Company to suspend further investment in majority of pipeline; evaluating potential licensing and corporate development initiatives for pipeline assets –

– Cash, cash equivalents, restricted cash, and marketable securities of $115.0 million as of June 30, 2023 expected to fund operations into 2027 –

– Selecta to host conference call today at 8:30 AM ET –

Selecta’s management will host a conference call at 8:30 AM ET today to provide a corporate update and review the Company’s second quarter 2023 financial results and strategic updates. Individuals may participate in the live call via telephone by dialing 1-844-845-4170 (domestic) or 1-412-717-9621 (international) and may access a teleconference replay for one week by dialing 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using confirmation code 8863115. The live and archived webcast of this call can also be accessed via the Investors & Media section of the Company’s website, www.selectabio.com.

https://www.biospace.com/article/releases/selecta-biosciences-reports-second-quarter-2023-financial-results-and-updates-on-strategic-initiative-designed-to-maximize-stockholder-value-associated-with-sel-212-economics/