Gene therapy stocks plunge after poor trial data [Reuters (UK)]
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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News
- What You Need To Know About The Sangamo Therapeutics, Inc. (NASDAQ:SGMO) Analyst Downgrade Today [Yahoo! Finance]Yahoo! Finance
- Sangamo Therapeutics Announces Pricing of $24.0 Million Registered Direct Offering [Yahoo! Finance]Yahoo! Finance
- Sangamo Therapeutics Announces Pricing of $24.0 Million Registered Direct OfferingBusiness Wire
- Sangamo Therapeutics, Inc. (NASDAQ: SGMO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $5.00 price target on the stock, up previously from $3.00.MarketBeat
- Sangamo Therapeutics, Inc. (NASDAQ: SGMO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $3.00 price target on the stock.MarketBeat
SGMO
Earnings
- 3/13/24 - Miss
SGMO
Sec Filings
- 4/5/24 - Form SC
- 4/3/24 - Form PRE
- 3/25/24 - Form 8-K
- SGMO's page on the SEC website