12.	Related Party Transactions

In October 2010, the Company entered into a services agreement with Flagship Ventures Management, Inc., an affiliate of one of its stockholders, Flagship Venture Funds (and now known as Flagship Pioneering), to provide general and administrative services to the Company, including the employer portions of employee health and dental benefit plans for Seres Therapeutics employees and consulting services. The Company made payments under the agreement of $1 and $17 during the three and six months ended June 30, 2016. There were no payments made during the three and six months ended June 30, 2017. There were no amounts due to Flagship Ventures Management, Inc. related to the services agreement as of June 30, 2017 or December 31, 2016.

As described in Note 9, in January 2016 the Company entered into a License Agreement with NHS for the development and commercialization of certain product candidates in development for the treatment and management of CDI and IBD, including ulcerative colitis and Crohn’s disease. NHS is a related party since NHS is an affiliate of Nestlé Health Science, one of the Company’s significant stockholders. During the three and six months ended June 30, 2017 and 2016, the Company recognized $3,014, $6,029, $3,004, and $5,714 of related party revenue associated with the License Agreement. As of June 30, 2017, there was $102,785 of deferred revenue related to the License Agreement, which is classified as current or non-current in the consolidated balance sheets. The Company has made no payments to NHS during the three and six months ended June 30, 2017. There is $297 due from NHS as of June 30, 2017 for the reimbursement of development costs, which is classified as other current assets in the Company’s consolidated balance sheet.