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

By  +Follow January 9, 2014 12:51PM
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.

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Results for SGMO
Rosner Stocks
26 Apr 15 11:48:45
$SGMO stock Change Click Here: http://t.co/sGXxPw0VJc Also See: $HZNP $X $AAPL $XLV #stockmarket #tradeideas ~
Chasing Stars
26 Apr 15 11:27:36
$TTNP stock Chart Click Here: http://t.co/diKhXmvJ6K Also See: $SGMO $AMKR $BAA $BABA #stockmarket #tradeideas ~
Rosner Stocks
26 Apr 15 11:13:33
$SGMO stock Bid Size Click Here: http://t.co/PlvGUvjE1R Also See: $UNP $JNUG $MPC $ASHR #stockmarket #tradeideas ~
26 Apr 15 10:53:47
$CMG stock Company Info Click Here: http://t.co/6dU5wD64kh Also See: $SGMO $TCS $MWE $LOAN #stockmarket #tradeideas ~
26 Apr 15 10:21:38
chartguy89: 2015 Trending Stocks: SGMO -5.41% Stock Charts $SGMO Sangamo http://t.co/x2RyzMShu0
26 Apr 15 10:19:57
SGMO -5.41% Stock Charts $SGMO Sangamo BioSciences Inc. (NASDAQ) Last Updated: 04/26/2015 12:19:57 SGMO Stock http://t.co/oy7oDUZ4F2
26 Apr 15 10:13:51
Sangamo Biosciences (SGMO) 14.70 $SGMO Sangamo BioSciences ups revenues 67% in Q1 Seeking Alpha - at Seeking A http://t.co/djhopj2rfe
26 Apr 15 10:11:45
$BBL stock Dividend Click Here: http://t.co/jqeXPYinPv Also See: $CLGX $EMJI $DSCR $SGMO #stockmarket #tradeideas ~
Stock Forums
26 Apr 15 09:19:03
$OIH stock Last Price Click Here: http://t.co/qxHbXFBVS4 Also See: $SGMO $SIRI $PIR $X #stockmarket #tradeideas ~
Chasing Stars
26 Apr 15 08:29:53
$HYG stock Open Click Here: http://t.co/XAT9XsO1KI Also See: $SGMO $GOOG $AMGN $MU #stockmarket #tradeideas ~
26 Apr 15 08:28:06
$FFKT stock Summary Click Here: http://t.co/KdZgR82Fan Also See: $MRK $CLFD $CAM $SGMO #stockmarket #tradeideas ~
Russell Barbour
26 Apr 15 08:17:23
Really want to make money trading next year? try Super_trades alerts! http://t.co/1CdMJBAtCs $SGMO $ZU $LJPC $EFA $FRGI $ASX
Stock Forums
26 Apr 15 07:46:37
$RDS/A stock Tick Click Here: http://t.co/WsLx4yrDHe Also See: $UGAZ $SGMO $BIDU $RAX #stockmarket #tradeideas ~
25 Apr 15 12:54:25
RT @dougheuringaria: BMO $QURE $BLUE $SGMO $CLDN $CELG http://t.co/mddf9fvYEL
25 Apr 15 09:45:49
$SGMO stock Open Click Here: http://t.co/gSzUBwg4Ve Also See: $BDN $VGGL $BBL $CLNE #stockmarket #tradeideas ~
25 Apr 15 09:37:00
$SGMO stock Open Click Here: http://t.co/9c29EK29y5 Also See: $GENE $AMT $TWC $CKH #stockmarket #tradeideas ~
Investors Hangout
25 Apr 15 09:25:32
$ITEK stock Change Click Here: http://t.co/o4sy9RWHsg Also See: $CMG $SGMO $NVO $D #stockmarket #tradeideas ~
biotech 2050
25 Apr 15 07:56:45
Fireworks $any $flks $atnm $celg $gild $halo $tgtx $omed $ziop $xon $kpti $acad $ptx $dyax $crmd $sgmo $syn $xlrn http://t.co/gCfW2sL6an
25 Apr 15 07:10:02
$SGMO: Sangamo Biosciences Research Coverage Started at BMO Capital ...: http://t.co/RZOPF8lHPl
25 Apr 15 03:21:04
Stocks Trending Now: http://t.co/prRAmko7Sg $UPS $FLT $TRCO $COL $GLW $BRCM $TEL $SGMO $LRAD $BWLD $GMT $FRC ~
25 Apr 15 02:26:53
Stocks Trending Now: http://t.co/3L8CEFZgfA $SUM $DOV $JMG $KNX $EBR $SBSI $CAJ $SGMO $TCS $X $CBMG $RGEN ~
25 Apr 15 02:03:51
Stocks Trending Now: http://t.co/3L8CEFZgfA $CALA $QUNR $NEON $FTK $WAL $SID $BWLD $AA $SGMO $INFN $LYTS $WNS ~
25 Apr 15 00:07:08
Stocks Trending Now: http://t.co/3o3t4shuZs $NFLX $EBS $AMP $LPNT $GENE $JMEI $MIFI $RIGL $ITEK $LPI $SGMO $ATML ~
Invest | Donate
24 Apr 15 22:25:32
@langanstocks: $TSRO Ex-Div Date Click Here: http://t.co/zzfLAo2HWn Also See: $NKE $CVC $SGMO $LVNTA #stockmarket #invest #stocks ~
Langan Stocks
24 Apr 15 22:04:06
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Chasing Stars
24 Apr 15 20:10:39
$EGY Dividend Click Here: http://t.co/VcNRudS4qG Also See: $SGMO $ESPR $AYR $PNX #stockmarket #invest #stocks ~
Invest | Donate
24 Apr 15 19:33:19
@rosnerstocks: $TRXC Day High Click Here: http://t.co/BhtbasfCMh Also See: $PBR $CHTR $SGMO $ERIC #stockmarket #invest #stocks ~
Rosner Stocks
24 Apr 15 19:11:05
$TRXC Day High Click Here: http://t.co/7qZ81eLl9e Also See: $PBR $CHTR $SGMO $ERIC #stockmarket #invest #stocks ~
24 Apr 15 17:15:35
$ALGT Day High Click Here: http://t.co/lhjLJsRSX5 Also See: $SGMO $CSIQ $CSX $VOD #stockmarket #invest #stocks ~
Langan Stocks
24 Apr 15 15:59:20
Stocks Trending Now: http://t.co/TkLSaybzCt $WGP $LHO $LEN.B $SGMO $VGGL $TUP $BBT $AHL $INUV $IMPR $AUY $ALXN ~
24 Apr 15 14:38:46
Stocks Trending Now: http://t.co/3L8CEFZgfA $TGT $TMO $EVR $SGMO $VLO $NSH $RGLD $COBZ $CALA $FOXA $AMAG $CRMD ~
24 Apr 15 13:25:02
RT @dougheuringaria: BMO $QURE $BLUE $SGMO $CLDN http://t.co/tW8Efp7aCT
24 Apr 15 13:05:04
$SGMO: Sangamo Biosciences Given a $30.00 Price Target by Wedbush ...: http://t.co/fYoU8LrJxA
24 Apr 15 11:44:37
$DYN Ask Click Here: http://t.co/UaaFgzftaQ Also See: $SGMO $RTI $NNA $MET ~
24 Apr 15 11:06:48
$SGMO: BMO Capital Markets starts at Outperform http://t.co/zzKW92QutW
V.S. Schulz
24 Apr 15 10:54:40
RT @dougheuringaria: BMO $QURE $BLUE $SGMO $CLDN $CELG http://t.co/mddf9fvYEL
V.S. Schulz
24 Apr 15 10:54:31
RT @dougheuringaria: BMO $QURE $BLUE $SGMO $CLDN http://t.co/tW8Efp7aCT
24 Apr 15 07:22:18
Sangamo Biosciences Coverage Initiated at BMO Capital Markets $SGMO http://t.co/sAFW31zdGv
24 Apr 15 06:32:42
$AHFD Ideas Click Here: http://t.co/IjxrotohZ3 Also See: $FCSC $SGMO $CISG $GNW ~
Market Int Center
24 Apr 15 05:32:07
Sangamo Biosciences $SGMO Trading Near $13.17 Support Level ( http://t.co/xv13D11gu2 )
options loja
24 Apr 15 03:19:46
RT @ACInvestorBlog: Stocks to keep an eye on April 24, 2015 http://t.co/lSN8IaMgIz $BBRY $CA $DGLY $GALE $IBIO $MEIP $SGMO
24 Apr 15 01:43:14
$AKBA Ask Click Here: http://t.co/YBW8SwzMDr Also See: $AFOP $SGMO $MORN $TSRO ~
biotech 2050
24 Apr 15 00:03:25
RT @dougheuringaria: BMO $QURE $BLUE $SGMO $CLDN $CELG http://t.co/mddf9fvYEL
23 Apr 15 23:25:46
$HPQ Quotes Click Here: http://t.co/a3rQcdEVfF Also See: $RF $LOW $SGMO $FFIV ~
23 Apr 15 22:55:02
$SGMO: Sangamo Biosciences Shares Up 5.3% After Earnings Beat (SGMO): http://t.co/GWYCJ1rijz
23 Apr 15 22:22:49
$CBF Volume Click Here: http://t.co/Fyu6Q1TPQZ Also See: $ALGA $QURE $SGMO $UPS ~
Stock Forums
23 Apr 15 21:47:53
$PPP 52Wk High Click Here: http://t.co/xwdhLiXqz4 Also See: $TM $AKRX $SGMO $THCZ ~
Stock Forums
23 Apr 15 21:13:48
$HIVE Quotes Click Here: http://t.co/BiYLfJR3MB Also See: $PE $AKAM $BHP $SGMO ~
23 Apr 15 16:03:43
Smallcap #Stocks Performance $ASPS $MDSO $SKX $TSC $CERS $SXC $CNMD $MCP $ESPR $SGMO $MNTA $MRGE $ORIT more@ http://t.co/Giravo3fg9
23 Apr 15 15:58:13
@Plouto5 Nice recap boss. I gotta work on your emotions and your too tight stops. $MOBL went to $7.50 like I said it would $SGMO went to $16
By  +Follow January 9, 2014 12:51PM



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