The Traderszone Network

Published in TZ Latest News 11 May, 2017 by The TZ Newswire Staff

Here’s Why Sangamo Therapeutics Rocketed Up to 56.3% Higher Today

Shares of genome-editing pioneer Sangamo Therapeutics (NASDAQ: SGMO) soared over 56% this morning after the company announced a slew of updates from the first three months of this year and, most importantly, a new collaboration with Pfizer (NYSE: PFE) in Hemophilia A. The pair will work together to develop and evaluate SB-525, one of Sangamo Therapeutics’ four lead drug candidates, as a gene therapy for treating the rare disease. There’s a good amount of up-front funding and future potential milestone payments included in the deal.

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