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

By  +Follow January 9, 2014 12:51PM
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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


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Results for SGMO
Dave
30 Aug 15 15:54:13
http://t.co/L46QQZciCc IN PLAY: $KOS $MTSN $JAKK $NMR $ENPH $SGMO $BDBD $AGTK $BIOC $IRDM $MSTX $FCH $LGCY $SID http://t.co/qfD32nOWNQ
Kristina Duering
30 Aug 15 10:43:57
RT @Biotech2050: #market wants #biotech #buyouts $GILD #hoarding #cash & needs #cornerstone #products Watch $HALO $ZIOP $TGTX $KPTI $ATNM $…
Steve T.
30 Aug 15 10:36:26
RT @Biotech2050: #market wants #biotech #buyouts $GILD #hoarding #cash & needs #cornerstone #products Watch $HALO $ZIOP $TGTX $KPTI $ATNM $…
S Manian
30 Aug 15 09:14:35
RT @Biotech2050: #market wants #biotech #buyouts $GILD #hoarding #cash & needs #cornerstone #products Watch $HALO $ZIOP $TGTX $KPTI $ATNM $…
Grussle Kline
30 Aug 15 05:07:19
RT @Biotech2050: #market wants #biotech #buyouts $GILD #hoarding #cash & needs #cornerstone #products Watch $HALO $ZIOP $TGTX $KPTI $ATNM $…
biotech 2050
30 Aug 15 01:52:31
Upcoming #biotech conf. https://t.co/TNB8UjpuJA $IBB $XBI $CELG $GILD $FLKS $ATNM $HALO $TGTX $OMED $ZIOP $KPTI $ACAD $RMD $SGMO $SYN $XLRN
biotech 2050
29 Aug 15 23:46:00
#market wants #biotech #buyouts $GILD #hoarding #cash & needs #cornerstone #products Watch $HALO $ZIOP $TGTX $KPTI $ATNM $SGMO $IBB $XBI
WatchTheFunds
29 Aug 15 20:17:02
$SGMO Institutional ownership up 4.26% Q/Q, with 2,397,620 net purchase http://t.co/ZgqmvYbGVq http://t.co/72iINaSeut
Jake13
29 Aug 15 17:47:59
UWTI VelocityShares 3x Long Crude ETN Bid http://t.co/EIdCj7qkXn $UWTI $SGMO $ATVI $JNK #UWTI #pennystocks #tradeideas
Rosner Stocks
29 Aug 15 17:44:32
SGMO Sangamo BioSciences, Inc. Tick http://t.co/k5Ogp86Wwh $SGMO $BOFI $APO $HIO #SGMO #stockmarket #tradeideas
IH NASDAQ OMX
29 Aug 15 17:42:03
JJC iPath Bloomberg Copper Subindex Total Return ETN Day High http://t.co/8wmj7pG0Yq $JJC $SGMO $EDC $GTE #JJC #finance #tradeideas
Stock_Tracker
29 Aug 15 17:42:02
KRE SPDR KBW Regional Banking Index ETF Investor Opinions http://t.co/QjSjaWC0DS $KRE $HGU.TO $EGRX $SGMO #KRE #stock #invest
leahanne
29 Aug 15 17:41:06
IBB Biotech iShares EOD Data http://t.co/3kqljLaOCW $IBB $AKS $EEFT $SGMO #IBB #finance #stock
Investors Hangout
29 Aug 15 17:38:33
DXD ProShares Ultra Short Dow 30 Filings http://t.co/kMpPW622lS $DXD $JPM $SGMO $DPS #DXD #pennystocks #stockmarket
Jake13
29 Aug 15 17:32:33
ASHR db X-Trackers Harvest CSI 300 China A-Shares Fund Stock Forum http://t.co/i8QoLU1Za0 $ASHR $ELLI $SGMO $AA #ASHR #invest #finance
leahanne
29 Aug 15 17:32:09
AMAG AMAG Pharmaceuticals, Inc. Shares http://t.co/ZNPXvNwFkh $AMAG $SGMO $UWTI $EBAY #AMAG #invest #tradeideas
iHangout
29 Aug 15 06:12:07
chartguy89: 2015 Trending Stocks: SGMO +1.29% Stock Charts $SGMO Sangamo http://t.co/RvkdR9UPAM
chartguy89
29 Aug 15 06:10:28
SGMO +1.29% Stock Charts $SGMO Sangamo BioSciences Inc. (NASDAQ) Last Updated: 08/29/2015 08:10:32 SGMO Stock http://t.co/Y2hz2ciKrX
Gotham City Capital
28 Aug 15 22:42:40
@biotechtrader34 DO like $SGMO.. Action there.. Oversold..
WatchTheFunds
28 Aug 15 22:02:02
$SGMO Institutional ownership up 4.26% Q/Q, with 2,397,620 net purchase http://t.co/ZgqmvYbGVq http://t.co/WAiUGFRBHm
Gotham City Capital
28 Aug 15 14:52:52
@DrSManian @zerosum24 Agree!! Good call $RGLS!! $SGMO looks next man!!!
Max'sPain
28 Aug 15 14:48:41
@randadtrade Ok.. ok .. I bulled up on a piece of $SGMO at the close. Looks like it could go UP from here. But who knows. .
S Manian
28 Aug 15 14:28:36
@TravisMKnight @zerosum24 $rgls $nvta both went big! $sgmo $bios could be next.
S Manian
28 Aug 15 14:05:26
@TravisMKnight aaaand another 50K block buy at 15:31 Big Bro buying Mo' $SGMO That's 7 block buys last 2 sessions almost same times each
Eli
28 Aug 15 12:21:13
RT @DrSManian: @TravisMKnight $SGMO 2 huge block buys 100K sh & 80K sh at 7.44 @ 11:16; 1.3M$ monster buy w/huge catalysts lined up next Q.…
Gotham City Capital
28 Aug 15 12:18:29
RT @DrSManian: @TravisMKnight $SGMO 2 huge block buys 100K sh & 80K sh at 7.44 @ 11:16; 1.3M$ monster buy w/huge catalysts lined up next Q.…
S Manian
28 Aug 15 11:46:54
@TravisMKnight Big buyer back again today - Two 50K sh buy blocks @ 7.71 @ 11:47. Another 770K buy Who's adding? Baker? RA? FMR? $SGMO
ProTradersNews
28 Aug 15 10:57:03
$SGMO: Will Sangamo BioSciences, Inc. (NASDAQ:SGMO) Surprise This …: http://t.co/iaNjrNh6lO
WKRB News
28 Aug 15 05:45:32
Sangamo Biosciences Receives $22.00 Consensus PT from Analysts $SGMO http://t.co/WE7kQI5s7A
ProVesting
28 Aug 15 05:41:02
$MACK $SGMO: Biotech Stocks that your portfolio will love: Merrimack …: http://t.co/Qa26RcBhy4
ProVesting
28 Aug 15 05:39:04
$SGMO: Sangamo Biosciences Receives $22.00 Consensus PT from …: http://t.co/meXktYz87C
biotech 2050
28 Aug 15 00:31:43
$IBB A 2025 longterm hold portfolio $ANY $FLKS $ATNM $CELG $GILD $HALO $TGTX $OMED $ZIOP $XON $KPTI $ACAD $PTX $DYAX $CRMD $SGMO, $SYN $XLRN
matthew
27 Aug 15 23:11:49
$BLUE $RTRX $HALO $ESPR $SGMO $ZIOP man these all look like bargains, small cap bargains its a fire sale esp the first 4
WatchTheFunds
27 Aug 15 17:16:04
$SGMO Institutional ownership up 4.26% Q/Q, with 2,397,620 net purchase http://t.co/ZgqmvYbGVq http://t.co/fVvDFt8dOZ
Toad
27 Aug 15 14:07:43
RT @TravisMKnight: $SGMO Like. http://t.co/pPOK8WdPbB
Gotham City Capital
27 Aug 15 14:00:20
$SGMO Like. http://t.co/pPOK8WdPbB
Gotham City Capital
27 Aug 15 13:54:37
$SGMO Diggin This!! Volume.. Block Trades @DrSManian Likes As Well! Breakout Potential. http://t.co/ripzHIqRgG
S Manian
27 Aug 15 13:44:25
@TravisMKnight $SGMO 2 huge block buys 100K sh & 80K sh at 7.44 @ 11:16; 1.3M$ monster buy w/huge catalysts lined up next Q.Also 25K buy EOD
Gotham City Capital
27 Aug 15 13:40:37
@DrSManian Really?? How big how many?? Almost dipped in.. $SGMO
Gotham City Capital
27 Aug 15 13:35:24
$SGMO Volume Coming In Late. B/O Potential.. Friday Play If Markets Still Moving Up. http://t.co/xTGMKj3Xs1
S Manian
27 Aug 15 12:55:06
$SGMO volume and strong close EOD
PHARMD
27 Aug 15 09:53:01
RT @DrSManian: filing INDs hemophilia B, Hunter Hurler 2015; additional 6 INDs hemophilia A, beta-thal, SCD, Huntingtons 2016 $SGMO http://…
S Manian
27 Aug 15 09:47:34
$SGMO 2 huge block buys 100K sh & 80K sh at 7.44 @ 11:16; 1.3M$ monster buy w/huge catalysts lined up next Q
Greg David
27 Aug 15 06:13:48
http://t.co/APzP66vnr4 IN PLAY: $KOS $MTSN $JAKK $NMR $ENPH $SGMO $BDBD $AGTK $BIOC $IRDM $MSTX $FCH $LGCY $SID http://t.co/XqOS1C0lxe
Breaking News Now
27 Aug 15 05:08:02
$SGMO $INO $AGEN: Biotech Stocks: Here’s Where to Get In- Sangamo Biosciences, Inc …: http://t.co/Q2Z1svOmOY
Steve T.
26 Aug 15 11:46:31
Picked up a few more $SGMO at $6.8. Others on watch to add more: $XON, $TRIL, $QURE, $TGTX, $PTX and start position in $BDSI.
Daily Contracts
26 Aug 15 10:18:23
Real-Time feed of company contracts, original agreements and executive updates from $SGMO http://t.co/QTLYvfCV5H
Capital Market Labs
26 Aug 15 09:56:52
Technical Collapse -> http://t.co/bioo7vJcO6 $SGMO Down -5.85% to New Low http://t.co/i9UA5TcSDP
Dave
26 Aug 15 07:52:05
http://t.co/L46QQZciCc IN PLAY: $KOS $MTSN $JAKK $NMR $ENPH $SGMO $BDBD $AGTK $BIOC $IRDM $MSTX $FCH $LGCY $SID http://t.co/UL67KuQfqq
Capital Market Labs
26 Aug 15 06:02:07
Interactive Chart -> http://t.co/JbBOe8Q4Ex $SGMO Assets are Declining. http://t.co/9tBr1tAAtg
				
				
By  +Follow January 9, 2014 12:51PM
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