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via finance.yahoo.comBusiness & Companies

Sangamo Therapeutics Launches Auction for Clinical-Stage Neuropathic Pain Program

FROM THE WIRE · FINANCE.YAHOO.COM

Sangamo Therapeutics, Inc. Auction process initiated for ST-503 program for chronic neuropathic pain, expected to be completed in fourth quarter of 2026 Previously announced asset sale transactions with PTC and Lilly have closed, generating $163.55 million in gross cash proceeds…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralSangamo initiates auction for ST-503 chronic neuropathic pain program after completing prior asset sales.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Auction process initiated for ST-503 clinical-stage chronic neuropathic pain program.
  2. 02Expected completion in Q4 2026.
  3. 03Prior asset sales to PTC and Lilly generated $163.55 million in gross proceeds.
  4. 04Seven sites activated in Phase 1/2 STAND study evaluating safety and efficacy.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Sangamo Therapeutics, Inc.SGMOQStock0.1401 USDMarket closedtoday -6.60%Neutral Eli Lilly and CompanyLLYStock1,166.51 USDMarket closedtoday -1.36%Neutral PTC Inc.PTCStock193.96 USDMarket closedtoday -0.22%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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