Gene therapy stocks plunge after poor trial data [Reuters]
Sangamo Therapeutics, Inc. (SGMO)
Last sangamo therapeutics, inc. earnings: 2/28 07:00 am
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Source: Reuters
Gene therapy stocks plunge after poor trial data | Reuters 2 Min Read (Reuters) - Shares of U.S. gene therapy companies sank on Thursday after drugs developed by two small firms failed to show promise in separate clinical trials, underscoring the challenges in an emerging, lucrative field of biotech. Experimental treatments developed by Sangamo Therapeutics Inc and Solid BioSciences did not show enough clinical benefit to patients in early-stage trials testing the drugs to treat rare disorders. Sangamo said interim results showed that genome-edited liver cells were able produce the IDS enzyme, the lack of which is a genetic mutation that leads to Hunter syndrome, which causes skeletal and respiratory abnormalities. Still, investors parsing the clinical data sent shares of Richmond, California-based Sangamo plunging 37 percent to $7.53. “Investors may have expected some clinical efficacy data,” Wedbush Securities analyst Liana Moussatos said. “Investors want to know if that level of en
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SGMO
News
- Sangamo Therapeutics Announces First Quarter 2024 Conference Call and WebcastBusiness Wire
- Sangamo Therapeutics, Inc. (NASDAQ: SGMO) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Sangamo Therapeutics to Present Neurology-Focused Pre-Clinical Data From Its Epigenetic Regulation, Capsid Delivery and Genome Engineering Platforms at the 27th Annual Meeting of the American Society of Gene & Cell Therapy (ASGCT) [Yahoo! Finance]Yahoo! Finance
- Sangamo Therapeutics to Present Neurology-Focused Pre-Clinical Data From Its Epigenetic Regulation, Capsid Delivery and Genome Engineering Platforms at the 27th Annual Meeting of the American Society of Gene & Cell Therapy (ASGCT)Business Wire
- What You Need To Know About The Sangamo Therapeutics, Inc. (NASDAQ:SGMO) Analyst Downgrade Today [Yahoo! Finance]Yahoo! Finance
SGMO
Earnings
- 3/13/24 - Miss
SGMO
Sec Filings
- 4/30/24 - Form 8-K
- 4/19/24 - Form ARS
- 4/19/24 - Form DEF
- SGMO's page on the SEC website