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The company is considering all optionsto continue the program, which includes looking for a new collaboration partner for the candidate.In the year so far, Sangamo’s shares have gained 330.7% against theindustry’s 13.1% decline.PFE Returns Rights to SGMO Despite Pivotal Study Meeting Goal. A rare genetic blood disorder, hemophilia is caused by a missing clotting protein Factor VIII  in hemophilia A, which prevents normal blood clotting. If the blood does not clot properly, it can lead to painful bleeding inside the joints that can cause scarring and 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Faraday Future FX prototype car will be unveiled at CES 2025 in Las Vegas on January 5-7. 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The companies said their boards agreed to call off the deal following discussion between the credit union and regulatory agencies. The all-cash acquisition offer was first made in May. Shares fall 17%, to $18.09, in after-hours trading.Sangamo Therapeutics will end its gene therapy deal with Pfizer. The biotechnology company said its agreement with the pharmaceutical company on gene therapy for hemophilia A will end effective April 21, 2025. Pfizer said it no longer plans to submit the treatment for approval or try to sell it, according to Sangamo. Shares plummet 54%, to $1.08, in postmarket trading.CompoSecure will spin off Resolute Holdings Management, a move which will see the investment team at CompoSecure and its associated costs move to Resolute. 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It plans on exploring all options to continuing to advance the program, including finding a new collaboration partner.The companies will also continue to monitor participants in a phase 3 trial of drug candidate during the transition period, it said.Pfizer shares were fractionally lower in the after-hours 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Therapeutics plunges after Pfizer terminates partnership","url":"https://stock-news.laohu8.com/highlight/detail?id=2495051415","media":"Reuters","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495051415?lang=en_us&edition=fundamental","pubTime":"2024-12-31 05:39","pubTimestamp":1735594745,"startTime":"0","endTime":"0","summary":"BUZZ-Sangamo Therapeutics plunges after Pfizer terminates partnership** Drug developer Sangamo Therapeutics' shares SGMO.O fall 47.4% to $1.23 in extended trading** SGMO said that Pfizer PFE.N terminated partnership to develop hemophilia A gene therapy** Co's collaboration and license agreement with Pfizer will terminate, effective April 21, 2025** In July, PFE announced positive results from a late-stage study of therapy** SGMO said it plans to explore all options to commercialize the hemophilia A gene therapy, including seeking a new partner** Up to Monday's close, SGMO is up 330.7% YTD  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down 31% at $1.61 after Pfizer decision to terminate collaboration","url":"https://stock-news.laohu8.com/highlight/detail?id=2495505924","media":"TIPRANKS","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2495505924?lang=en_us&edition=fundamental","pubTime":"2024-12-31 05:30","pubTimestamp":1735594228,"startTime":"0","endTime":"0","summary":"16:28 EST Sangamo (SGMO) down 31% at $1.61 after Pfizer decision to terminate collaboration Published first on TheFly – the ultimate source for 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