Pfizer ends gene therapy collaboration with Sangamo, causing stock to plummet 60%.
Pfizer has ended its collaboration with Sangamo Therapeutics for developing a gene therapy for hemophilia A, leading to a 60% drop in Sangamo's stock price. Sangamo will now regain full rights to the therapy and seek new partners to continue its development. The agreement, signed in 2017, had planned for regulatory submissions in early 2025, but Pfizer decided not to proceed.
3 months ago
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