BUZZ-Sangamo Therapeutics rises after FDA clears application to start trial for pain treatment

Reuters

2024/11/20

BUZZ-Sangamo <a href="https://laohu8.com/S/LENZ">Therapeutics</a> rises after FDA clears application to start trial for pain treatment

** Shares of genomic medicine company Sangamo Therapeutics SGMO.O rise 12.24% to $2.20 premarket

** Co says U.S. Food and Drug Administration has cleared co's application to start human trial for ST-503

** SGMO plans to initiate enrollment of patients in the early-to-mid stage study for ST-503 in mid-2025

** The therapy ST-503 is being studied for the treatment of intractable pain due to idiopathic small fiber neuropathy (iSFN), a type of chronic nerve pain

** Up to last close, stock had more than tripled YTD

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

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