Sangamo Therapeutics, Inc. - SGMO STOCK NEWS

Sangamo Therapeutics, Inc. (NASDAQ: SGMO) announced that the European Commission has granted Orphan Medicinal Product Designation to TX200, a CAR-Treg therapy for solid organ transplantation. This designation aims to reduce transplant rejection and the burden of lifelong immunosuppressive therapy. The STEADFAST Phase 1/2 clinical study has already dosed the first patient in March 2022, with further dosing planned. TX200 is designed to prevent immune rejection in mismatched kidney transplants by promoting immunological tolerance, offering 10 years of market exclusivity upon approval.

Sangamo Therapeutics (Nasdaq: SGMO) announced its participation in key investor conferences in June and July 2022. The company will present at the Jefferies Healthcare Conference on June 9 at 9:00 a.m. ET and the Guggenheim I&I Spotlight Series focused on Treg-based therapies on July 12 at 2:45 p.m. ET. Access to presentations will be available on the company's website. Sangamo Therapeutics specializes in genomic medicines, utilizing innovative zinc finger technology to address treatment gaps for patients.

Sangamo Therapeutics (Nasdaq: SGMO) reported significant advancements in its clinical programs during Q1 2022, including the first patient dosed in a kidney transplant rejection study using CAR-Treg therapy. With a net loss of $44.0 million, or $0.30 per share, the company saw a revenue increase to $28.2 million, attributed to collaborations with Novartis, Biogen, and Sanofi. The company maintains an outlook for total operating expenses between $320 million and $350 million for 2022, with a cash position of $400.3 million as of March 31, 2022, ensuring continued operational support.

Sangamo Therapeutics (NASDAQ: SGMO) announced acceptance of eight abstracts for presentation at the 25th ASGCT Annual Meeting, taking place May 16-19, 2022, in Washington, D.C. Presentations will highlight advancements in Sangamo's genomic engineering platform, including a study on AAV capsids for CNS delivery, which address challenges posed by the blood-brain barrier. Notable studies include presentations on base-editing and CAR-T cell engineering. Sangamo aims to showcase its innovative research, contributing to transformative medicine for patients with unmet needs.

Sangamo Therapeutics (NASDAQ: SGMO) announced the release of its first quarter 2022 financial results, scheduled for May 5, 2022, after market close. A conference call will be held at 4:30 p.m. ET to discuss the results and provide business updates, accessible via telephone and webcast. Domestic callers can dial (877) 377-7553, while international participants may call (678) 894-3968, using conference ID 3090098. A replay will be available for one week following the event. For more information, visit the Sangamo Therapeutics website.

Sangamo Therapeutics (Nasdaq: SGMO) announced participation in three upcoming investor conferences. The events are:

• Bank of America Securities Conference on May 11 at 3:00 p.m. ET
• RBC Global Healthcare Conference on May 18 at 3:05 p.m. ET
• H.C. Wainwright Global Investment Conference on May 24 at 7:00 a.m. ET

Access to presentations will be available on the Sangamo Therapeutics website under the Investors and Media section.

Sangamo Therapeutics (SGMO) announced the dosing of the first patient in its Phase 1/2 STEADFAST clinical study for TX200, an innovative CAR-Treg cell therapy aimed at preventing immune-mediated rejection in HLA-A2 mismatched kidney transplants. This represents a significant milestone in genomic medicine, with hopes of reducing the need for lifelong immunosuppressants. The study aims to assess TX200's safety and effectiveness, marking a potential breakthrough in treating patients receiving kidneys from living donors.

Sangamo Therapeutics, a genomic medicine company (NASDAQ: SGMO), will participate in three upcoming investor conferences in March 2022. These include the Cowen 42nd Annual Health Care Conference on March 7 at 12:50 p.m. ET, the Barclays Global Healthcare Conference on March 17 at 9:00 a.m. ET, and the H.C. Wainwright & Co. Gene Editing and Therapy Conference on March 30 at 7:00 a.m. ET. Presentations will be accessible via the company’s website in the Investors and Media section post-event.

For more details about Sangamo's innovative genomic medicines pipeline, visit www.sangamo.com.

Sangamo Therapeutics (SGMO) reported its financial results for Q4 and full year 2021, highlighting advances in genomic medicines across multiple therapeutic areas. The company noted ongoing developments in its gene therapy candidates for Fabry disease and sickle cell disease, alongside its hemophilia A collaboration with Pfizer. However, the firm reported a consolidated net loss of $178.3 million for 2021, compared to a loss of $121.1 million in 2020. Cash, cash equivalents, and marketable securities decreased to $464.7 million by year-end. 2022 operating expense guidance is set between $320 million and $350 million.