BUZZ-Sangamo Therapeutics plunges after Pfizer terminates partnership

Reuters

2024/12/31

BUZZ-Sangamo <a href="https://laohu8.com/S/LENZ">Therapeutics</a> plunges after Pfizer terminates partnership

** Drug developer Sangamo Therapeutics' shares SGMO.O fall 47.4% to $1.23 in extended trading

** SGMO said that Pfizer PFE.N terminated partnership to develop hemophilia A gene therapy

** Co's collaboration and license agreement with Pfizer will terminate, effective April 21, 2025

** In July, PFE announced positive results from a late-stage study of therapy

** SGMO said it plans to explore all options to commercialize the hemophilia A gene therapy, including seeking a new partner

** Up to Monday's close, SGMO is up 330.7% YTD

(Reporting by Rishi Kant in Bengaluru)

((Rishi.Kant@thomsonreuters.com))

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05:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Sangamo <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> plunges after Pfizer terminates partnership</title></head><body><p>** Drug developer Sangamo Therapeutics' shares <span>SGMO.O</span> fall 47.4% to $1.23 in extended trading</p><p>** SGMO said that Pfizer <span>PFE.N</span> <span>terminated</span> partnership to develop hemophilia A gene therapy</p><p>** Co's collaboration and license agreement with Pfizer will terminate, effective April 21, 2025</p><p>** In July, PFE announced positive results from a late-stage study of therapy</p><p>** SGMO said it plans to explore all options to commercialize the hemophilia A gene therapy, including seeking a new partner</p><p>** Up to Monday's close, SGMO is up 330.7% YTD</p><p> (Reporting by Rishi Kant in Bengaluru)</p><p> 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