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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.


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Results for SGMO
Russell Barbour
19 Dec 14 13:12:59
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Media Sentiment
19 Dec 14 12:35:13
$SGMO received a new alert. Find out why at http://t.co/5lwmDm2SCs #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 390
Market Int Center
19 Dec 14 12:31:01
Sangamo Biosciences $SGMO Showing Bullish Technicals With Resistance At $17.04 ( http://t.co/ezbLxKWgDm )
Russell Barbour
19 Dec 14 10:23:12
Really want to make money trading next year? try Super_trades alerts! http://t.co/XAXkgRMEVs $SGMO $ZU $LJPC $EFA $FRGI $ASX
Sean McCormick
19 Dec 14 06:59:39
Really wanted to see a pop into yesterday's high in $SGMO before the washout today
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19 Dec 14 05:08:54
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Russell Barbour
19 Dec 14 03:41:22
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Gotham City Capital
19 Dec 14 02:07:06
$SGMO Sangamo Got Momo!! Wish I Caught This Pattern Bit Earlier! Probably Got Lots More.. Nice! http://t.co/u4ODTr6Pkv
Russell Barbour
19 Dec 14 00:26:43
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Sean Perez
18 Dec 14 22:14:08
Stocks I'm tentatively watching tmrw $CCXI $AGEN $ZAGG $ESI $SGMO $CYBR $CUBA $MOMO $CCXI $HGSH However, not too excited about any really.
Russell Barbour
18 Dec 14 21:42:35
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Russell Barbour
18 Dec 14 16:56:33
Really want to make money trading next year? try Super_trades alerts! http://t.co/XAXkgRMEVs $SGMO $ZU $LJPC $EFA $FRGI $ASX
Real_IZI
18 Dec 14 15:51:30
19.12 watch ss $FMD $DRNA $CERS $DGI $VSLR long $SGMO $SRNE add some gainers on premarket
Colin Fitzgerald
18 Dec 14 15:23:40
@WallStJesus what do you make of the $SGMO jan 2016 calls? 30k OI each in 20 25 30 35 strikes all on 1/29/14
FOBManny
18 Dec 14 14:33:11
2014 Healthcare Stock Report Card: Sobek Tracks His Hits and Misses http://t.co/T5LnL5siz6 $SGMO $BLUE $GILD $SRPT $ALXN
Russell Barbour
18 Dec 14 12:41:55
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Arnie Yuan
18 Dec 14 08:49:54
$sgmo turns out to be a bad short. If it closes over 16, I will cover and come back later.
Russell Barbour
18 Dec 14 08:43:39
Really want to make money trading next year? try Super_trades alerts! http://t.co/XAXkgRMEVs $SGMO $ZU $LJPC $EFA $FRGI $ASX
StockCats
18 Dec 14 08:17:12
$SGMO 60-min - might be worth stalking an entry on a pullback http://t.co/IWfrCtbTMk
stockdiva 02
18 Dec 14 06:10:02
Pre market movers and shakers... $LINE $AREX $SGMO $LNCO $REXX $RVLT $YNDX $TTPH $EXXI
Charles Robinson
18 Dec 14 06:07:41
@RNAiAnalyst @bradloncar @PropThinker $SGMO already partners huntingtons Hemophilia A & B, adds 2 lysosomal INDs + B-thal & SCD #genetherapy
Antonio Costa
18 Dec 14 06:01:17
Pre-market movers $VIP $OVAS $TTPH $EXXI $LINE $LNCO $SGMO $REXX $YNDX $AREX $DRYS $RVLT (Nice gap up)
Christopher Angus
18 Dec 14 06:00:05
Premarket most advanced stocks: $VIP, $OVAS, $TTPH, $EXXI, $LINE, $LNCO, $SGMO, $REXX, $YNDX, $AREX
WKRB News
18 Dec 14 05:48:04
Sangamo Biosciences CEO Edward O. Lanphier II Sells 25,000 Shares $SGMO http://t.co/LOVDZ82qel
Russell Barbour
18 Dec 14 00:58:55
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Russell Barbour
17 Dec 14 22:14:17
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Brandon
17 Dec 14 21:35:26
Watching -- $XNCR $ADXS $ASPX $SN $CUBA $SSE $SRNE $SGMO $RTRX $LNCO $LJPC $ECR $CUBA $CLDN Will narrow down to 5-8 in the AM.
Russell Barbour
17 Dec 14 18:48:14
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$Stocknewsalerts
17 Dec 14 17:15:51
$SGMO New SEC Document(s) for Sangamo BioSciences, Inc. From our Stock News Alerts App
InsiderTradingWire
17 Dec 14 17:05:43
Henry Wolff Ward, Exec VP & CFO of Sangamo BioScienc Sells $589,587 Worth of $SGMO - #Form4 #InsiderTrading - http://t.co/vydYUaAzeS
G. Thomas Lackey Jr
17 Dec 14 16:58:06
The Nitrous Scan 12/17/2014 http://t.co/GoLezvyZ4A $EOPN $NVAX $CSOD $RAD $SGMO $NEOG $RP $AEL $SMRT <- still short, but some solid looks
Christian Tharp, CMT
17 Dec 14 16:52:02
Is Sangamo The Next Biotech Stock To Break Out? $SGMO http://t.co/qxf6rhbv04
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17 Dec 14 15:28:18
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17 Dec 14 13:57:28
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17 Dec 14 13:13:42
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17 Dec 14 08:06:12
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By  +Follow January 9, 2014 12:51PM
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