logo
Sign in or Register

Already a member?

Sign in

Or sign in with your account on:

Not a member yet?

Register
    

 


Sangamo BioSciences (SGMO) Hits 10-Year High on Deal with Biogen (BIIB)

By  +Follow January 9, 2014 12:51PM
Share:
Tickers Mentioned:

Shares in Richmond, CA-based clinical stage biopharmaceutical company Sangamo BioSciences (SGMO) spiked nearly 35 percent on Thursday on news of a partnership with Biogen Idec (BIIB) to develop treatments for disorders affecting hemoglobin.

Biogen made an initial payment of $20 million to Sangamo as part of a deal that will total some $300 million in funding as well as double-digit royalties for Sangamo.

Lucrative Deal Drives SGMO to 10-Year High

On the whole, the size and generosity of the deal appear to make this a major win for Sangamo.

"The deal terms are very lucrative for a pre-clinical platform,” said Wedbush analyst Liana Moussatos. “So I think Biogen must have been impressed with the pre-clinical data that Sangamo presented last month."

The spike drove Sangamo to close to $19 a share, its highest level since 2001. It also passed the previous five-year high the company reached when shares were touching $18.50 in 2007.

Hemoglobin Disorders Affect Blood’s Ability to Carry Oxygen

Hemoglobin is the component of blood that carries oxygen, and disorders affecting hemoglobin include sickle cell disease and beta thalassemia. Both are very serious conditions and included in the category known as hemoglobinopathies.

Sangamo has developed technology to replace defective genes in patients with a corrective one, and Biogen appears to believe that this method has the potential to create one treatment for both diseases.

Sangamo will be responsible for research and development of the treatment up to the initial proof-of-concept trial.

SGMO Product Pipeline Could Have Potential

While Thursday’s announced partnership clearly took Sangamo to new levels, boosting the company’s market cap from $843.57 million to almost $1.15 billion in a matter of hours, the company has several treatments in its product pipeline that could also be major developments.

Most notable is lead therapy SB-728, which has the potential to develop into a functional cure for HIV/AIDS. The treatment would function by drawing immune cells, removing the protein pathway used by HIV to infect them, and then returning them to the patient’s bloodstream.

Sangamo’s promise appears to have won over investors, with the stock jumping over 130 percent despite the company failing to turn a profit and garnering revenues under $25 million in each of the last five years.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Signup for our daily newsletter and get our best articles emailed right to you!

Results for SGMO
Market Int Center
27 May 15 08:04:01
Sangamo Biosciences $SGMO Trading Near $12.83 Resistance Level ( http://t.co/uHpmDc5gYC )
Brent
27 May 15 07:08:51
. @LKulikowski friendly advice -- revenue/earnings growth are meaningless measures for development stage biotech. Pipeline is all. $SGMO
Jones Allen
27 May 15 06:13:32
@bradloncar do not forget $BLUE Pregenen acquisition. Others already using gene editing for CART/TCR... $CLLS, $BLUE, $SGMO ranked in order
Jones Allen
27 May 15 06:01:59
@bradloncar $JUNO deal surprise they passed up $SGMO. $CLLS, $SGMO, $BLUE have several yrs head start in gene editing T-cells.
Penny Stock Secret
27 May 15 04:54:23
Don't Wait Untill 2016 To Realize This POWERFUL Stock Alert Service! $240,000 GAINS! http://t.co/NovWYe2RAx .. $IMDZ $SGMO $BOTJ
WatchTheFunds
27 May 15 02:07:03
$SGMO Institutional ownership up 4.27% Q/Q, with 2,397,620 net purchase http://t.co/ZgqmvYbGVq http://t.co/7Rrz7QPweV
Phil Martin
26 May 15 15:14:11
$SGMO http://t.co/jGOFS3J22B
Daily Contracts
26 May 15 13:58:02
Real-Time feed of company contracts, original agreements and executive updates from $SGMO http://t.co/QTLYvflke9
$Stocknewsalerts
26 May 15 13:04:34
$SGMO Sangamo BioSciences Announces Presentation At The Jefferies 2015 Global Healthcare Conference From our Stock News Alerts App
StockNews
26 May 15 13:04:13
$SGMO - Sangamo BioSciences Announces Presentation At The Jefferies 2015 Global Healthcare Conference http://t.co/DYxSfVPggK
Large Void Bot
26 May 15 10:00:28
Popular: $JBLU, $NQ, $BLUE, $JMEI, $NCLH, $CYH, $KANG, $SGMO, $TMUS, $OUTR, $ULTA, $CLUB, $JWN
BreakingStocksNews
26 May 15 09:43:03
$SGMO: Sangamo Biosciences Inc (SGMO) Insider Selling : Edward O Ii ...: http://t.co/lRUhN0Omt8
V.S. Schulz
26 May 15 08:36:24
RT @CaptainFuture__: PIPER $AAVL $BIIB $BLUE $BMRN $CELG $CLLS $LBIO $QURE $SGMO GenomeRx Sympos Offers Glimpse Into NotTooDistant Future h…
StockSpotter
26 May 15 07:56:34
$SGMO up 0.7% to 12.26 after bullish trade setup #stocks #options #trading http://t.co/I3DQFpbczK
dougheuring
26 May 15 04:02:24
RT @CaptainFuture__: PIPER $AAVL $BIIB $BLUE $BMRN $CELG $CLLS $LBIO $QURE $SGMO GenomeRx Sympos Offers Glimpse Into NotTooDistant Future h…
David Schull
26 May 15 04:00:03
RT @CaptainFuture__: PIPER $AAVL $BIIB $BLUE $BMRN $CELG $CLLS $LBIO $QURE $SGMO GenomeRx Sympos Offers Glimpse Into NotTooDistant Future h…
Joshua B
26 May 15 03:43:01
RT @CaptainFuture__: PIPER $AAVL $BIIB $BLUE $BMRN $CELG $CLLS $LBIO $QURE $SGMO GenomeRx Sympos Offers Glimpse Into NotTooDistant Future h…
23Chromz
26 May 15 03:41:06
RT @CaptainFuture__: PIPER $AAVL $BIIB $BLUE $BMRN $CELG $CLLS $LBIO $QURE $SGMO GenomeRx Sympos Offers Glimpse Into NotTooDistant Future h…
Captain Sequence
26 May 15 03:37:28
PIPER $AAVL $BIIB $BLUE $BMRN $CELG $CLLS $LBIO $QURE $SGMO GenomeRx Sympos Offers Glimpse Into NotTooDistant Future http://t.co/OoEJfeVGou
usasingh11
25 May 15 23:38:13
RT @DrSManian: Jefferies: 10 Buyout Targets To Own During The M&A Boom $SGMO $SGEN $SONS $OSUR $NUVA $LXRX $BIOS $MDRX $ARNA http://t.co/sG…
dougheuring
25 May 15 17:30:33
Hemophilia B Therapeutic Overview $ONCE $QURE $SGMO http://t.co/2mKshXUeRg
Daily Contracts
25 May 15 11:02:00
Real-Time feed of company contracts, original agreements and executive updates from $SGMO http://t.co/QTLYvflke9
ISAAC ALEX
24 May 15 20:54:07
RT @DrSManian: Jefferies: 10 Buyout Targets To Own During The M&A Boom $SGMO $SGEN $SONS $OSUR $NUVA $LXRX $BIOS $MDRX $ARNA http://t.co/sG…
Grant L
24 May 15 19:07:12
RT @DrSManian: Jefferies: 10 Buyout Targets To Own During The M&A Boom $SGMO $SGEN $SONS $OSUR $NUVA $LXRX $BIOS $MDRX $ARNA http://t.co/sG…
Sandman
24 May 15 16:14:19
RT @DrSManian: Jefferies: 10 Buyout Targets To Own During The M&A Boom $SGMO $SGEN $SONS $OSUR $NUVA $LXRX $BIOS $MDRX $ARNA http://t.co/sG…
S Manian
24 May 15 15:51:52
Jefferies: 10 Buyout Targets To Own During The M&A Boom $SGMO $SGEN $SONS $OSUR $NUVA $LXRX $BIOS $MDRX $ARNA http://t.co/sGek5A99OY
InvestWithConf
23 May 15 14:44:02
$SGMO is rated BUY, 80.8% upside by Wall Street analysts based on average ratings/targets http://t.co/D6gyKvwaHz http://t.co/KzTYovYYqv
IH News Desk
22 May 15 18:32:09
AMDA Amedica Corp. Current Price http://t.co/pqosyI17cX $AMDA $SPLV $JD $SGMO #AMDA #stockmarket #nasdaq
DennyT
22 May 15 18:31:08
ABC AmerisourceBergen Corp. Dividend http://t.co/shUFShtL4C $ABC $SGMO $NBIX $GPRO #ABC #stockmarket #invest
Invest | Donate
21 May 15 23:51:23
@Emylers: TD.TO Toronto-Dominion Bank Ask Click Here -> http://t.co/14syc1huWQ Trending $TD.TO $SGMO $MCD $HPQ #TD.TO #invest #pennystocks
binaryoptionsocial
21 May 15 21:52:41
IHNewsDesk: WMT Wal-Mart Stores, Inc. Ask Click Here -> http://t.co/GIr8RdpcpM Trending $WMT $SGMO $BABA $MU #W… http://t.co/Csk7miIhta
PolgarStocks
21 May 15 21:50:34
XIV VelocityShares Daily Inverse VIX Short Term ETN Quotes Click Here -> http://t.co/N5kVwmp6E8 Trending $XIV $BIB $SGMO $CNC #XIV…
IH News Desk
21 May 15 21:50:05
WMT Wal-Mart Stores, Inc. Ask Click Here -> http://t.co/2Z3lf9HNdr Trending $WMT $SGMO $BABA $MU #WMT #share #nasdaq
IH NASDAQ OMX
21 May 15 21:49:17
TWTR Twitter, Inc. Dividend Click Here -> http://t.co/wRhUcVbrZU Trending $TWTR $IBM $GLD $SGMO #TWTR #invest #share
Emylers
21 May 15 21:47:36
TD.TO Toronto-Dominion Bank Ask Click Here -> http://t.co/dLsB5h2Aad Trending $TD.TO $SGMO $MCD $HPQ #TD.TO #invest #pennystocks
Jake13
21 May 15 21:47:05
SYN Synthetic Biologics, Inc. Summary Click Here -> http://t.co/cRW7HVzwNx Trending $SYN $CUF/UN.TO $SGMO $KO #SYN #stocks #stock
IH NASDAQ OMX
21 May 15 21:46:12
SGMO Sangamo BioSciences, Inc. Bid Click Here -> http://t.co/7OX8Fk0mqZ Trending $SGMO $BIDU $BMO.TO $OCR #SGMO #share #stock
Jake13
21 May 15 21:46:09
SMH Market Vectors Semiconductor % Change Click Here -> http://t.co/Kj806I7cln Trending $SMH $GPRO $ICE $SGMO #SMH #share #nasdaq
Jake13
21 May 15 21:45:04
SGMO Sangamo BioSciences, Inc. Financials Click Here -> http://t.co/68SXdvPDl5 Trending $SGMO $SBUX $MDCN $CFP.TO #SGMO #stock #invest
IH NASDAQ OMX
21 May 15 21:45:04
SGMO Sangamo BioSciences, Inc. Message Board Posts Click Here -> http://t.co/Ca671IPmeB Trending $SGMO $GMCR $MDY $GRCU #SGMO #share…
DennyT
21 May 15 21:45:04
SGMO Sangamo BioSciences, Inc. Summary Click Here -> http://t.co/dwCDyUIyOh Trending $SGMO $XLV $BIDU $SGMO #SGMO #pennystocks #share
danrocks
21 May 15 21:45:04
SGMO Sangamo BioSciences, Inc. P/E Ratio Click Here -> http://t.co/eMTMrZWbVY Trending $SGMO $SHW $BOX $SYN #SGMO #pennystocks…
IH News Desk
21 May 15 21:45:04
SEDG SolarEdge Technologies, Inc. Ask Click Here -> http://t.co/7BVGO6P89K Trending $SEDG $IBM $SGMO $VIPS #SEDG #investing #stocks
Jake13
21 May 15 21:44:06
PSEC Prospect Capital Corp. Prev Close Click Here -> http://t.co/R9uzVQU1RC Trending $PSEC $USO $ORCL $SGMO #PSEC #investing #invest
nasdaqfan
21 May 15 21:44:05
RCPI Rock Creek Pharmaceuticals, Inc. Ask Click Here -> http://t.co/IklaGsMp9X Trending $RCPI $XLF $SGMO $GRCU #RCPI #tradeideas #share
US Banking News
21 May 15 21:43:40
BMO Capital Markets Reiterates “Outperform” Rating for Sangamo Biosciences $SGMO http://t.co/tgX2N9bsGt
clayton
21 May 15 21:43:35
QLD ProShares Ultra QQQ Fund Exchange Click Here -> http://t.co/HfCmBk3L8B Trending $QLD $BOX $INFN $SGMO #QLD #share #stockmarket
clayton
21 May 15 21:43:09
PBMD Prima BioMed Ltd. P/E Ratio Click Here -> http://t.co/fNyZn5kB3t Trending $PBMD $ZCS.TO $SVXY $SGMO #PBMD #tradeideas #invest
IH NASDAQ OMX
21 May 15 21:42:10
NXPI NXP Semiconductor N.V. Ask Size Click Here -> http://t.co/ZnFQ8T32K3 Trending $NXPI $PSEC $TRV $SGMO #NXPI #investing #stock
PolgarStocks
21 May 15 21:42:06
NXPI NXP Semiconductor N.V. Chart Click Here -> http://t.co/EYHIGaVTDn Trending $NXPI $NXPI $KMX $SGMO #NXPI #tradeideas #investing
				
				
By  +Follow January 9, 2014 12:51PM
Share:

Comments

 

blog comments powered by Disqus

About us

Equities.com is the most advanced interactive online social ecosystem for the financial industry, serving as a resource center and next-generation communication platform that connects self-directed investors with public issuers, market experts, and professional service providers and vendors. Registered members can leverage our exclusive proprietary research tools such as the Small-Cap Stars, which outperformed 90% of all small-cap mutual funds, and robust do-it-yourself E.V.A. research reports. The Equities.com Issuer Dashboard is the ideal tool to communicate and manage investor awareness campaigns to the investment community, as well as to access valuable resources to help your company grow.

Market Data powered by QuoteMedia.
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. Terms of Use.

Login or Register

LOG IN