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Sangamo Therapeutics Inc

0.5269

-0.0081-1.51%

Post-market: 0.53030.0034+0.65%16:50 EDT

Volume:1.97M

Turnover:1.05M

Market Cap:125.19M

PE:-1.40

High:0.5417

Open:0.5300

Low:0.5200

Close:0.5350

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Overview Company News Filings

Sangamo Therapeutics Price Target Maintained With a $10.00/Share by HC Wainwright & Co.

Company News for Jan 2, 2025

Post-Bell | Wall Street Ends Lower; Nvidia and Palantir Drop 2%; Tesla Declines 3%; MicroStrategy Sinks 4%

Tiger Newspress

US Equities Markets End Lower Tuesday In Last Trading Session of 2024

MT Newswires Live

Equity Markets Fall Intraday as 2024 Draws to Close

Sector Update: Health Care Stocks Lower in Afternoon Trading

MT Newswires Live

US Equity Indexes Decline After Midday Tuesday as 2024 Draws to Close

MT Newswires Live

Top Stock Movers Now: Moderna, Verisign, Dave, and More

Top Midday Stories: Sangamo Shares Fall After Pfizer Exits Collaboration; Dave Denies DOJ Allegations

MT Newswires Live

Sangamo Therapeutics' stock falls the most in 16 years after Pfizer ends Hemophilia pact

Sangamo selloff on Pfizer decision overdone, says H.C. Wainwright

Pfizer Exit Sends Sangamo Plummeting 50%, Casting Doubt on Hemophilia Gene Therapy's Future

Sangamo price target lowered to $3 from $7 at Jefferies

Sangamo Therapeutics Inc : Jefferies Cuts Target Price to $3 From $7

THOMSON REUTERS

Sangamo Therapeutics Stock Crashes as Pfizer Ends Hemophilia Drug Pact

SGMO Pre-Market Shares Drop 40% Over Pfizer (PFE) Deal Collapse

Sangamo Therapeutics Stock Plummets 50% After Pfizer Ends Hemophilia Treatment Partnership -- Barrons.com

Sangamo Therapeutics Stock Plunges As Pfizer Terminates Hemophilia Gene Therapy Pact

Sector Update: Health Care Stocks Flat to Higher Premarket Tuesday

MT Newswires Live

Sangamo's Cash on Balance Sheet Seen as 'Overhang' as Pfizer Pulls Out of Hemophilia A Therapy Study, Truist Says

MT Newswires Live

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Click to get this free report. Sangamo Therapeutics, Inc.  : Free Stock Analysis Report. 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Markets will be closed Wednesday for New Year's Day.Among sectors, technology was down 1% intraday Tuesday, the steepest decliner, while energy led the gainers.Gold rose 0.8% to $2,639.20 per troy ounce, while 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Update: Health Care Stocks Lower in Afternoon Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2500460746","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500460746?lang=en_us&edition=fundamental","pubTime":"2025-01-01 02:51","pubTimestamp":1735671116,"startTime":"0","endTime":"0","summary":"Health care stocks fell Tuesday afternoon with the NYSE Health Care Index down 0.2% and the Health Care Select Sector SPDR Fund  easing 0.1%.The iShares Biotechnology ETF  rose 0.1%.In corporate news, Verastem  shares jumped 46% after the US Food and Drug Administration accepted and granted priority review to a new drug application for its ovarian cancer drug and set an action date of June 30.Kazia Therapeutics  shares fell 37% after the company said it was considering options for its drug candidate paxalisib after the US Food and Drug Administration discouraged an accelerated approval process for the potential glioblastoma treatment.Sangamo Therapeutics  shares sank 55% after it said its partner Pfizer  decided not to proceed with further development of a new gene therapy to treat hemophilia A, a bleeding disorder.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0170899867.USD","LU0321505868.SGD","PFE.AU","VSTM","IBB","IE0002270589.USD","XLV","IE00B19Z3581.USD","BK4599","SG9999013999.USD","BK4533","LU0321505439.SGD","SGXZ57979304.SGD","LU0306807586.USD","BK4550","BK4588","LU0985481810.HKD","SG9999011175.SGD","LU1066051498.USD","BK4592","BK7095","BK4556","SGMO","LU1057294990.SGD","LU0234572021.USD","BK4007","LU1883839398.USD","LU0225771236.USD","IE00B19Z3B42.SGD","BK4585","LU0225284248.USD","IE00BLSP4452.SGD","KZIA","IE00BLSP4239.USD","IE000M9KFDE8.USD","LU0058720904.USD","PFE","SG9999001176.SGD","IE00BBT3K403.USD","BK4568","BK4534","LU1894683264.USD","LU0868494617.USD","LU1066053197.SGD","BK4139","LU0122379950.USD","SG9999002224.SGD","SG9999002232.USD","SG9999003800.SGD","SG9999001176.USD"],"gpt_icon":1},{"id":"2500430306","title":"US Equity Indexes Decline After Midday Tuesday as 2024 Draws to Close","url":"https://stock-news.laohu8.com/highlight/detail?id=2500430306","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500430306?lang=en_us&edition=fundamental","pubTime":"2025-01-01 02:05","pubTimestamp":1735668315,"startTime":"0","endTime":"0","summary":"US benchmark stock indexes fell after midday Tuesday, continuing the previous session's losses on the last trading day of 2024.The Nasdaq slipped 0.9% to 19,314, the S&P 500 lost 0.6% to 5,874 and the","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["QID","USJW.SI","LU0127658192.USD","LU1057294990.SGD","DXD","SG9999017495.SGD","IE00BK4W5L77.USD","LU0943347566.SGD","BK4503","EQR",".IXIC","MNQmain","LU2361044865.SGD","LU1084165304.USD","DDM","LU2756315318.SGD","DOG","TSYW.SI","LU0724617625.USD",".DJI","LU0708995401.HKD","LU2463028550.USD","LU2247934214.USD","VSTM","AFBI","USAW.SI","SDOW","LU1201861165.SGD","NVIW.SI","PFE.AU","LU1145028129.USD","LU1935043023.USD","QLD","SGMO","SQQQ","PSQ","DJX","IE00B5949003.HKD","LU2237957902.USD","UDOW","LU0823421416.USD","PFE","NQmain","TQQQ","LU0061474705.USD","IE00B19Z8W00.USD","AMZN","IE00BBT3K403.USD",".SPX"],"gpt_icon":1},{"id":"2500643667","title":"Top Stock Movers Now: Moderna, Verisign, Dave, and More","url":"https://stock-news.laohu8.com/highlight/detail?id=2500643667","media":"Investopedia","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500643667?lang=en_us&edition=fundamental","pubTime":"2025-01-01 00:52","pubTimestamp":1735663954,"startTime":"0","endTime":"0","summary":"U.S. equities were closing out 2024 by edging lower at midday after opening the session higher.Berkshire Hathaway purchased more shares of Verisign, and shares of the internet domain provider advanced.Tesla shares continued their losing streak on concerns about the EV maker's delivery report coming later this week.U.S. equities gave up early gains and turned lower at midday as the markets were wrapping up the final trading day of 2024. The Dow Jones Industrial Average, S&P 500, and Nasdaq were slightly lower.Moderna  was the best-performing stock in the S&P 500 as Barron's called it \"too cheap\" and named the biotech firm as one of its top 10 picks of 2025.Shares of Verisign  advanced when Warren Buffett's Berkshire Hathaway  increased its stake in the internet domain name provider.American depositary receipts  of Alibaba Group Holding  rose after the Chinese internet giant's cloud computing unit slashed prices on its artificial intelligence  product that perceives texts and images.Tesl","market":"us","thumbnail":"https://www.investopedia.com/thmb/wO6m2H1XlAmNToranNC3l0UMq_Y=/4000x2667/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2153660338-43c58c4e4e3c428b9cf931025076d59c.jpg","type":0,"news_type":0,"thumbnails":["https://www.investopedia.com/thmb/wO6m2H1XlAmNToranNC3l0UMq_Y=/4000x2667/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2153660338-43c58c4e4e3c428b9cf931025076d59c.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.investopedia.com/top-stock-movers-now-moderna-verisign-dave-and-more-8767758","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"investopedia_highlight","symbols":["BK4023","LU0823411888.USD","TSYW.SI","LU0058720904.USD","LU0225771236.USD","LU1720051017.SGD","SG9999003800.SGD","MRNA","LU0943347566.SGD","LU0122379950.USD","SGMO","VRSN","LU1571399168.USD","FTC.AU","LU0056508442.USD","LU2023250330.USD","PFE.AU","BRK.A","LU1201861249.SGD","LU2506951958.HKD","BRK.B","IE0002270589.USD","LU0321505439.SGD","LU0918141887.USD","LU0742534661.SGD","LU0820561818.USD","BK4139","LU2506952170.USD","LU2226246903.HKD","LU0234570918.USD","LU0198837287.USD","LU0880133367.SGD","LU2087621335.USD","FTC","09988","BK4535","TSLA","LU1074936037.SGD","LU0820561909.HKD","DAVE","BK7033","LU0234572021.USD","LU1046422090.SGD","LU1883839398.USD","PFE","LU0971096721.USD","LU0820562030.AUD","BABA","BK4587"],"gpt_icon":1},{"id":"2500961797","title":"Top Midday Stories: Sangamo Shares Fall After Pfizer Exits Collaboration; Dave Denies DOJ Allegations","url":"https://stock-news.laohu8.com/highlight/detail?id=2500961797","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500961797?lang=en_us&edition=fundamental","pubTime":"2025-01-01 00:44","pubTimestamp":1735663492,"startTime":"0","endTime":"0","summary":"The Dow Jones Industrial Average and the S&P 500 were basically flat, while the Nasdaq Composite was down in late-morning trading on the final day of the year.Sangamo Therapeutics  said late Monday it will regain full development and commercialization rights for its prospective hemophilia A gene therapy after Pfizer  opted to terminate its collaboration and licensing agreement with the company. The partnership between Sangamo and Pfizer will formally end in April 21, 2025, Sangamo said. Shares of Sangamo were down 53.8%, while those of Pfizer were up 0.2%.Dave  denied allegations by the Justice Department that it misled customers with advertisements of cash advances, calling the complaint a case of \"government overreach.\" The Justice Department said Monday it filed a complaint against Dave and Chief Executive Jason Wilk alleging that the company lured customers to its personal finance app by promising cash advances of up to $500 that many did not receive. Dave shares were down 7.7%.The","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU0321505439.SGD","DAVE","BK4533","BK4588","LU0306806265.USD","BK4007","LU0321505868.SGD","SG9999013999.USD","LU0234572021.USD","IE0002270589.USD","BK4568","LU1066051498.USD","LU0985481810.HKD","LU1023059063.AUD","LU0225771236.USD","SG9999001176.USD","BK4550","SG9999002232.USD","BK4534","IE00BLSP4239.USD","LU0289739699.SGD","LU0225284248.USD","SG9999001176.SGD","BK4556","BK4023","LU0058720904.USD","LU0306807586.USD","LU1894683264.USD","SG9999002224.SGD","SG9999011175.SGD","LU1066053197.SGD","BK4599","IE00BLSP4452.SGD","BK4581","BK4585","BK4139","LU0456855351.SGD","LU1894683348.USD","LU0170899867.USD","SGXZ57979304.SGD","IE000M9KFDE8.USD","PFE","IE00B19Z3581.USD","SG9999003800.SGD","BK4166","LU1883839398.USD","BK4592","PFE.AU","IE00B19Z3B42.SGD","SGMO"],"gpt_icon":1},{"id":"2500912612","title":"Sangamo Therapeutics' stock falls the most in 16 years after Pfizer ends Hemophilia pact","url":"https://stock-news.laohu8.com/highlight/detail?id=2500912612","media":"Dow Jones","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500912612?lang=en_us&edition=fundamental","pubTime":"2025-01-01 00:22","pubTimestamp":1735662120,"startTime":"0","endTime":"0","summary":"Move means small-cap won't receive an expected payout in the first quarter, creating a cash overhang. Sangamo Therapeutics Inc.'s stock tumbled 53% Tuesday to put it on track for its second-biggest one-day percentage decline, after Pfizer Inc. terminated a Hemophilia A gene-therapy partnership.The move was the worst since the stock closed down 65.5% on Nov. 11, 2008, when another product candidate failed in a mid-stage trial.Richmond, Calif.-based Sangamo said late Monday it would regain rights to develop and commercialize its treatment called giroctocogene fitelparvovec, which it had licensed to Pfizer. The partnership will end on April 21, 2025.Pfizer  told Sangamo it no longer plans to seek a biologics license application or marketing authorization for the treatment, which the company was expecting would happen in the first quarter.Hemophilia is an inherited, rare blood disorder in which the patient lacks a protein needed for normal blood clotting. Hemophilia A occurs in about 25 in","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["SGMO","LU1023059063.AUD","BK4592","IE0002270589.USD","BK4550","LU0321505868.SGD","SG9999003800.SGD","LU1894683348.USD","LU0225771236.USD","LU0306806265.USD","IE00B19Z3B42.SGD","LU1066051498.USD","LU0456855351.SGD","LENZ","BK4534","SG9999002224.SGD","BK4585","LU1057294990.SGD","SGXZ57979304.SGD","LU1883839398.USD","SG9999001176.SGD","IE00B19Z3581.USD","LU0868494617.USD","LU0985481810.HKD","BK4556","LU0170899867.USD","BK4139","LU0225284248.USD","IE00BLSP4239.USD","BK4568","LU0321505439.SGD","SG9999001176.USD","LU0306807586.USD","LU1894683264.USD","BK4007","BK4599","IE00BBT3K403.USD","LU0122379950.USD","SG9999013999.USD","LU1066053197.SGD","BK4588","LU0234572021.USD","IE000M9KFDE8.USD","BK4581","SG9999011175.SGD","SG9999002232.USD","IE00BLSP4452.SGD","LU0289739699.SGD","BK4533","PFE"],"gpt_icon":1},{"id":"2500612035","title":"Sangamo selloff on Pfizer decision overdone, says H.C. Wainwright","url":"https://stock-news.laohu8.com/highlight/detail?id=2500612035","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500612035?lang=en_us&edition=fundamental","pubTime":"2025-01-01 00:20","pubTimestamp":1735662011,"startTime":"0","endTime":"0","summary":"H.C. Wainwright analyst Patrick Trucchio says that while Pfizer (PFE) ending its hemophilia A collaboration with Sangamo (SGMO) is disappointing, t...","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/sangamo-selloff-on-pfizer-decision-overdone-says-h-c-wainwright?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/sangamo-selloff-on-pfizer-decision-overdone-says-h-c-wainwright?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["IE000M9KFDE8.USD","BK4585","SG9999002224.SGD","SG9999001176.SGD","SG9999001176.USD","BK4139","LU0225284248.USD","BK4533","LU0170899867.USD","SG9999003800.SGD","LU1883839398.USD","SG9999011175.SGD","SG9999013999.USD","LU0985481810.HKD","BK4568","LU1057294990.SGD","LU1894683348.USD","IE00BBT3K403.USD","LU0306807586.USD","PFE","LU0058720904.USD","SG9999002232.USD","BK4581","LU0225771236.USD","LU0321505868.SGD","LU1894683264.USD","LU0456855351.SGD","BK4588","LU0321505439.SGD","BK4599","LU0306806265.USD","LU0289739699.SGD","BK4007","LU1023059063.AUD","SGMO","IE00B19Z3581.USD","LU1066053197.SGD","SGXZ57979304.SGD","LU0868494617.USD","BK4534","LU0122379950.USD","IE00B19Z3B42.SGD","BK4556","BK4592","BK4550","LU1066051498.USD","LU0234572021.USD","IE00BLSP4452.SGD","IE00BLSP4239.USD","IE0002270589.USD"],"gpt_icon":0},{"id":"2500124616","title":"Pfizer Exit Sends Sangamo Plummeting 50%, Casting Doubt on Hemophilia Gene Therapy's Future","url":"https://stock-news.laohu8.com/highlight/detail?id=2500124616","media":"GuruFocus.com","labels":["productRelease"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500124616?lang=en_us&edition=fundamental","pubTime":"2025-01-01 00:18","pubTimestamp":1735661914,"startTime":"0","endTime":"0","summary":"After showing that Pfizer  has halted its cooperation to develop giroctocogene fitelparvovec, an experimental gene therapy for hemophilia A in adults, Sangamo Therapeutics  shares fell over 50% on Tuesday. Sangamo will recover complete development and commercialization rights for the medicine after the decision. Sangamo CEO Sandy Macrae pointed out that Pfizer had revealed positive findings from a Phase 3 study in July, implying the medication is \"well-positioned for regulatory filings and potential commercialization.\" Macrae expressed dissatisfaction and said the business intends to \"explore all options to advance the program,\" including looking at a new collaborative partner.GuruFocus has detected 7 Warning Signs with PFE.Sangamo shares remain more than 90% higher year-to-date despite the massive drop; Pfizer shares went somewhat higher during the session. Moreover, Sangamo stock is up a whopping 191% in the past six months alone, leaving broader market gains in the dust. However, th","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/pfizer-exit-sends-sangamo-plummeting-161834729.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"productRelease","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4556","IE00BBT3K403.USD","LU0122379950.USD","LU0306807586.USD","SG9999013999.USD","LU0234572021.USD","LU1066053197.SGD","LU1883839398.USD","LU0225284248.USD","BK4588","LU1057294990.SGD","LU1894683264.USD","SG9999003800.SGD","SGMO","BK4592","IE000M9KFDE8.USD","BK4007","BK4550","LU1894683348.USD","LU0321505439.SGD","BK4533","LU0868494617.USD","LU0289739699.SGD","LU0170899867.USD","LU0985481810.HKD","SGXZ57979304.SGD","PFE","IE00BLSP4452.SGD","LU0456855351.SGD","BK4581","IE0002270589.USD","LU0306806265.USD","IE00B19Z3B42.SGD","IE00BLSP4239.USD","BK4568","SG9999001176.USD","BK4139","BK4585","SG9999001176.SGD","SG9999002232.USD","SG9999002224.SGD","IE00B19Z3581.USD","LU0058720904.USD","LU0225771236.USD","LU1066051498.USD","BK4599","SG9999011175.SGD","LU1023059063.AUD","LU0321505868.SGD","BK4534"],"gpt_icon":1},{"id":"2500561235","title":"Sangamo price target lowered to $3 from $7 at Jefferies","url":"https://stock-news.laohu8.com/highlight/detail?id=2500561235","media":"TIPRANKS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500561235?lang=en_us&edition=fundamental","pubTime":"2025-01-01 00:00","pubTimestamp":1735660819,"startTime":"0","endTime":"0","summary":"Jefferies analyst Maury Raycroft lowered the firm’s price target on Sangamo (SGMO) to $3 from $7 and keeps a Buy rating on the shares after the com...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/the-fly/sangamo-price-target-lowered-to-3-from-7-at-jefferies?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/the-fly/sangamo-price-target-lowered-to-3-from-7-at-jefferies?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4556","SGMO","BK4139"],"gpt_icon":0},{"id":"2495119666","title":"Sangamo Therapeutics Inc : Jefferies Cuts Target Price to $3 From $7","url":"https://stock-news.laohu8.com/highlight/detail?id=2495119666","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495119666?lang=en_us&edition=fundamental","pubTime":"2024-12-31 23:43","pubTimestamp":1735659833,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241231:nFWN3NV020:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["BK4556","SGMO","BK4139"],"gpt_icon":0},{"id":"2500216617","title":"Sangamo Therapeutics Stock Crashes as Pfizer Ends Hemophilia Drug Pact","url":"https://stock-news.laohu8.com/highlight/detail?id=2500216617","media":"Investopedia","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2500216617?lang=en_us&edition=fundamental","pubTime":"2024-12-31 23:34","pubTimestamp":1735659297,"startTime":"0","endTime":"0","summary":"Sangamo Therapeutics shares lost more than half their value when Pfizer pulled out of a collaboration agreement.The two drugmakers were working on a treatment for hemophilia in adults.Sangamo said it would explore other options, including finding another partner.Sangamo Therapeutics  shares cratered more than 50% Tuesday, a day after the biopharma firm announced that Pfizer  had pulled out of its deal to co-develop a hemophilia drug.Sangamo explained that it will regain development and commercialization rights to the medicine, known as giroctocogene fitelparvovec, following the decision by Pfizer to \"terminate the global collaboration and license agreement between the parties.\". Sangamo noted that in July, Pfizer reported a successful Phase 3 trial of giroctocogene fitelparvovec, which is an investigational gene therapy for adults with moderately severe to severe hemophilia A.CEO Sandy Macrae argued those results show the treatment \"is well positioned for regulatory submissions and pot","market":"nz","thumbnail":"https://www.investopedia.com/thmb/beEtCs-KIeM6RpiGwT1PnVLoWMY=/7230x4822/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2160341146-28d87111c7d94ca8818358fbbce48184.jpg","type":0,"news_type":0,"thumbnails":["https://www.investopedia.com/thmb/beEtCs-KIeM6RpiGwT1PnVLoWMY=/7230x4822/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2160341146-28d87111c7d94ca8818358fbbce48184.jpg"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.investopedia.com/sangamo-therapeutics-stock-crashes-as-pfizer-ends-hemophilia-drug-pact-8767728","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"investopedia_highlight","symbols":["BK4550","PFE","BK4585","SGXZ57979304.SGD","LU0321505868.SGD","SG9999013999.USD","LU0289739699.SGD","BK4139","SG9999011175.SGD","LU0985481810.HKD","LU0868494617.USD","LU0306806265.USD","SG9999002224.SGD","BK4592","LU0170899867.USD","LU1066053197.SGD","BK4568","IE00BBT3K403.USD","BK4533","IE000M9KFDE8.USD","BK4588","LU1894683264.USD","LU1894683348.USD","IE00BLSP4452.SGD","LU0225771236.USD","BK4599","LU1066051498.USD","BK4534","LU0122379950.USD","SG9999002232.USD","SGMO","LU1057294990.SGD","LU0234572021.USD","SG9999001176.SGD","BK4581","BK4556","LU0058720904.USD","IE00B19Z3581.USD","LENZ","BK7095","LU0456855351.SGD","SG9999003800.SGD","LU1023059063.AUD","IE0002270589.USD","BK4007","PFE.AU","LU0306807586.USD","IE00BLSP4239.USD","LU0321505439.SGD","SG9999001176.USD"],"gpt_icon":1},{"id":"2495619051","title":"SGMO Pre-Market Shares Drop 40% Over Pfizer (PFE) Deal Collapse","url":"https://stock-news.laohu8.com/highlight/detail?id=2495619051","media":"Insider Monkey","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495619051?lang=en_us&edition=fundamental","pubTime":"2024-12-31 23:23","pubTimestamp":1735658608,"startTime":"0","endTime":"0","summary":"Investors continued to sell off shares in Sangamo Therapeutics Inc.  before market open on Tuesday following announcements that pharmaceutical giant Pfizer Inc.  terminated their hemophilia A gene therapy co-development agreement.As of 8:53 am on Tuesday, shares of the company declined anew by 50.85 percent to $1.08 each. The previous day’s trading also saw the firm’s stock price drop by 8.59 percent to end at $2.34 apiece.Following Pfizer’s termination of the partnership, Sangamo now regains the rights to the development of giroctocogene fitelparvovec, an investigational gene therapy product candidate for the treatment of adults with moderately severe to severe hemophilia A.According to the company, it intends to explore all options to advance the program, including seeking a potential new collaboration partner.While we acknowledge the potential of SGMO our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorte","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/sgmo-pre-market-shares-drop-152328583.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4556","LU1057294990.SGD","BK4533","LU0289739699.SGD","LU1894683264.USD","LU0306807586.USD","BK4599","IE000M9KFDE8.USD","SG9999013999.USD","BK4592","IE0002270589.USD","BK4007","LU1066053197.SGD","BK4585","LU0306806265.USD","SG9999002224.SGD","LU0170899867.USD","LU0868494617.USD","BK4534","LU1023059063.AUD","IE00BLSP4452.SGD","IE00BLSP4239.USD","LU0225284248.USD","IE00BBT3K403.USD","BK4139","IE00B19Z3B42.SGD","LU0122379950.USD","LU0234572021.USD","LU0985481810.HKD","PFE","LU1894683348.USD","SG9999001176.SGD","BK4581","LU0058720904.USD","BK4588","SG9999011175.SGD","BK4550","BK4568","LU0456855351.SGD","LU1066051498.USD","SG9999001176.USD","LU0321505868.SGD","LU0225771236.USD","LU0321505439.SGD","SG9999002232.USD","LU1883839398.USD","SGXZ57979304.SGD","SG9999003800.SGD","SGMO","IE00B19Z3581.USD"],"gpt_icon":1},{"id":"2495619929","title":"Sangamo Therapeutics Stock Plummets 50% After Pfizer Ends Hemophilia Treatment Partnership -- Barrons.com","url":"https://stock-news.laohu8.com/highlight/detail?id=2495619929","media":"Dow Jones","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495619929?lang=en_us&edition=fundamental","pubTime":"2024-12-31 23:19","pubTimestamp":1735658340,"startTime":"0","endTime":"0","summary":"Sangamo Therapeutics stock sank Tuesday after the genomic medicine company said Pfizer had withdrawn from an agreement to develop a hemophilia drug.Shares of the California-based biotech plummeted 50% to $1.17. It was the largest same-day percentage decrease since a 66% drop in November 2008, according to Dow Jones Market Data.Sangamo said its collaboration with Pfizer had come to an end after the big pharmaceutical company decided to halt development of an investigational candidate for a gene therapy. The biotech said it \"intends to explore all options to advance the program,\" including seeking a new partner.Sangamo CEO Sandy Macrae noted the treatment's life-changing potential for hemophilia A patients in a news release Tuesday. \"Following positive results from the Phase 3 AFFINE trial, we believe it is well positioned for regulatory submissions and potential commercialization,\" she said.This content was created by Barron's, which is operated by Dow Jones & Co. 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Sangamo intends to explore all options to advance the program, including seeking a potential new collaboration partner.Also Read: FDA Approves Pfizer’s Second Hemophilia Drug With Six Months. “...we believe it is well positioned for regulatory submissions and potential commercialization,” said Sandy Macrae, Chief Executive Officer of Sangamo Therapeutics. “While we were surprised and extremely disappointed by Pfizer’s decision to end our collaboration so close to the anticipated BLA and MAA submissions...”Sangamo believes that its recently announced partnerships with Roche Holdings AG’s  Genentech and Astellas Pharma 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Cash on Balance Sheet Seen as 'Overhang' as Pfizer Pulls Out of Hemophilia A Therapy Study, Truist Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2495369052","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495369052?lang=en_us&edition=fundamental","pubTime":"2024-12-31 21:41","pubTimestamp":1735652497,"startTime":"0","endTime":"0","summary":"Sangamo Therapeutics'  cash on its balance sheet remains \"an overhang\" following Pfizer's  decision to terminate a hemophilia A gene therapy collaboration with the company, Truist Securities said in a Monday note.The partnership and license agreement between the two companies are anticipated to close in Q1 next year and while the company's management had hinted that a biologics license application would \"trigger a meaningful payment to help cash runway,\" it seems difficult now without a significant cash infusion in Q1 2025, analysts led by Nicole Germino wrote.Truist 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