BUZZ-Sangamo Therapeutics plunges after Pfizer terminates partnership

Reuters
31 Dec 2024
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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