STOCK TITAN

Sangamo Therapeutics, Inc. - SGMO STOCK NEWS

Welcome to our dedicated page for Sangamo Therapeutics news (Ticker: SGMO), a resource for investors and traders seeking the latest updates and insights on Sangamo Therapeutics stock.

Sangamo Therapeutics, Inc. (SGMO) is a pioneering genomic medicine company dedicated to the development of transformative therapies for patients suffering from serious genetic disorders. With a clear focus on harnessing cutting-edge science, Sangamo's mission is to create medicines that significantly improve patients' lives.

Sangamo’s team of expert scientists is at the forefront of gene therapy innovation, engaging in the discovery, research, and development of gene-based therapeutic technologies. The company's work includes groundbreaking clinical trials, notably the first ever in vivo human genome editing studies, which highlight Sangamo's commitment to advancing medical science.

The company's product pipeline is robust and diverse, encompassing several areas of high unmet medical need. Its Priority Neurology Pipeline includes treatments for Chronic Neuropathic Pain, Prion Disease, and other neurological conditions. Additionally, Sangamo is actively working on Partnered Programs targeting Hemophilia A, various cancers, ALS/FTD, and Huntington's Disease. Beyond these, the company's Other Pipeline projects focus on conditions such as Fabry Disease, Renal Transplant complications, Inflammatory Bowel Disease, and Multiple Sclerosis.

Sangamo Therapeutics has built strategic partnerships with leading healthcare and biotechnology companies, enhancing its capability to bring innovative therapies to market. These collaborations help to accelerate the development of Sangamo's promising treatments and expand their potential impact across various medical fields.

For those interested in the latest updates and developments from Sangamo Therapeutics, including financial performance and ongoing projects, the company's website offers comprehensive information and regular news updates.

Rhea-AI Summary

Sangamo Therapeutics (NASDAQ: SGMO) has made significant strides in its clinical pipeline, including advancements in its Phase 1/2 STAAR study for Fabry disease, where 20 patients have been dosed. The company has also initiated the dosing of a third patient in the TX200 CAR-Treg study for kidney transplantation, with regulatory feedback supporting dose escalation. Additionally, Sangamo has prioritized its neurology pipeline by introducing the Nav1.7 target for chronic neuropathic pain, expecting IND submission in 2024. However, a corporate restructuring will reduce the workforce by 27%, aiming for annual cost savings of approximately $31 million. Preliminary Q1 2023 revenue is projected at $158 million, a sharp rise from $28.2 million in Q1 2022, mainly due to collaboration agreements with Biogen. Total operating expenses are anticipated to range from $120 million to $140 million, reflecting impairment charges related to recent collaborations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
-
Rhea-AI Summary

Sangamo Therapeutics, a genomic medicine company, is set to release its first quarter 2023 financial results after market close on April 26, 2023. A conference call will follow on April 27, 2023 at 8:30 a.m. ET, open to the public for financial and business updates.

Participants can register for the call via a provided link, with options to dial in or use a direct phone connect. A replay will be accessible post-call under the company's 'Events and Presentations' section.

Sangamo is focused on innovative genomic medicines, leveraging proprietary technologies to address unmet medical needs. For more information, visit their website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.61%
Tags
none
-
Rhea-AI Summary

Sangamo Therapeutics (SGMO) recently announced its fourth quarter and full year 2022 financial results, reporting a consolidated net loss of $52.0 million for Q4 and $192.3 million for the year. Revenues for Q4 were $27.2 million, a slight decrease from $28.0 million in 2021, while total revenues for 2022 increased to $111.3 million from $110.7 million. Key updates include promising data from the Fabry disease study, with 78% Gb3 substrate clearance at 6 months, and plans for a Phase 3 trial expected by late 2023. The company aims to optimize resources toward Fabry, CAR-Treg, and CNS programs in 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
Rhea-AI Summary

Sangamo Therapeutics (Nasdaq: SGMO) released new preliminary data from its Phase 1/2 STAAR study of isaralgagene civaparvovec (ST-920), a gene therapy for Fabry disease. As of October 20, 2022, 13 patients have shown sustained, elevated levels of alpha-galactosidase A activity for over two years. Key findings include a 78% reduction in Gb3 substrate and a significant decrease in urine podocyte loss. The study is progressing towards a potential Phase 3 trial by the end of 2023. Furthermore, patients have demonstrated improved general health scores. This study may provide a transformative treatment option, reducing reliance on enzyme replacement therapy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.46%
Tags
-
Rhea-AI Summary

Sangamo Therapeutics (Nasdaq: SGMO) is set to host a conference call on February 22, 2023, at 4:30 p.m. ET to discuss its fourth quarter and full year 2022 financial results and business updates. Prior to this call, the company will release its financial results. Participants can register for the call using this link. An updated corporate presentation will also be available for review.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.49%
Tags
none
-
Rhea-AI Summary

Sangamo Therapeutics (SGMO) reported its third quarter 2022 results, highlighting significant advancements in its clinical pipeline. The company announced promising preliminary data from the Phase 1/2 STAAR study for Fabry disease, resumed recruitment for the Phase 3 AFFINE trial for Hemophilia A, and continues dosing in various studies, including sickle cell and renal transplant rejection. Financially, SGMO posted a net loss of $53.2 million, with revenues of $26.5 million. Despite a decrease in revenues, the company narrowed its expense guidance for 2022, projecting total operating expenses between $315 million and $325 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.77%
Tags
Rhea-AI Summary

Sangamo Therapeutics (NASDAQ: SGMO) announced it will release its third quarter 2022 financial results on November 3, 2022, after market close. A conference call will follow at 4:30 p.m. ET to discuss the results and provide business updates. Participants can register for the call through a provided link and are encouraged to join 10 minutes early. A replay will be available post-call.

Sangamo focuses on developing genomic medicines through gene therapy, cell therapy, and genome engineering.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
Tags
none
-
Rhea-AI Summary

Sangamo Therapeutics has provided updated results from the Phase 1/2 STAAR study of isaralgagene civaparvovec (ST-920) for Fabry disease. As of July 21, 2022, nine patients exhibited elevated α-Gal A activity, showing up to a 30-fold increase for up to 23 months post-dosing. The therapy was well tolerated with no serious adverse events reported. The study has transitioned to an expansion phase, and the company is planning a Phase 3 trial. These results were presented at the ESGCT 2022 congress and suggest ST-920 could serve as an alternative to enzyme replacement therapy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
Tags
-
Rhea-AI Summary

Sangamo Therapeutics (SGMO) announced updated results from the Phase 1/2 STAAR study of isaralgagene civaparvovec (ST-920) for treating Fabry disease. As of February 14, 2022, the therapy showed general tolerability with no serious adverse events. Five patients exhibited sustained elevated α-Gal A activity levels, ranging from 3 to 17 times above normal for up to 15 months. The study has advanced to the dose expansion phase, and additional patients, including four who discontinued enzyme replacement therapy (ERT), have been dosed, with results expected later in 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
Rhea-AI Summary

Sangamo Therapeutics (Nasdaq: SGMO) reported second quarter 2022 results, highlighting significant advances in its clinical programs. The company is progressing with its TX200 program for renal transplant rejection, now with Orphan Medicinal Product Designation from the European Commission. Revenues increased to $29.4 million, with a net loss of $43.2 million, an improvement from a net loss of $47.2 million in 2021. Total operating expenses decreased slightly to $75.1 million. The company maintains its financial guidance for total operating expenses for 2022.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.01%
Tags

FAQ

What is the current stock price of Sangamo Therapeutics (SGMO)?

The current stock price of Sangamo Therapeutics (SGMO) is $2.47 as of December 20, 2024.

What is the market cap of Sangamo Therapeutics (SGMO)?

The market cap of Sangamo Therapeutics (SGMO) is approximately 507.0M.

What does Sangamo Therapeutics specialize in?

Sangamo Therapeutics specializes in genomic medicine, focusing on developing therapies for serious genetic diseases.

What is unique about Sangamo's clinical trials?

Sangamo conducts groundbreaking trials, including the first ever in vivo human genome editing studies.

What are some key areas of Sangamo's product pipeline?

Sangamo's pipeline includes treatments for Chronic Neuropathic Pain, Prion Disease, Hemophilia A, Oncology, ALS/FTD, and Huntington's Disease.

Who are Sangamo's main partners?

Sangamo collaborates with leading healthcare and biotechnology companies to enhance its therapeutic development.

How can I stay updated on Sangamo Therapeutics' latest news?

Visit Sangamo Therapeutics' official website for the latest updates on their research, projects, and financial performance.

What diseases are included in Sangamo's Other Pipeline projects?

The Other Pipeline projects focus on Fabry Disease, Renal Transplant complications, Inflammatory Bowel Disease, and Multiple Sclerosis.

What is the mission of Sangamo Therapeutics?

Sangamo's mission is to translate groundbreaking science into medicines that transform the lives of patients with serious genetic diseases.

Where can I learn more about Sangamo's research and development?

Detailed information about Sangamo's research, development, and clinical trials is available on their official website.

What technological innovations is Sangamo known for?

Sangamo is known for its leadership in gene-based therapeutic development and human genome editing technologies.

What are some recent achievements of Sangamo Therapeutics?

Recent achievements include advancements in clinical trials and strategic partnerships to accelerate innovative therapy development.

Sangamo Therapeutics, Inc.

Nasdaq:SGMO

SGMO Rankings

SGMO Stock Data

507.01M
202.90M
2.36%
27.06%
6.42%
Biotechnology
Biological Products, (no Disgnostic Substances)
Link
United States of America
RICHMOND