Sangamo Therapeutics ended 2024 with only enough cash to fund its operations into the first quarter of 2025, but CEO Sandy Macrae said he is confident an imminent deal for the company’s Fabry disease gene therapy candidate, isaralgagene civaparvovec (ST-920), will fund Sangamo through human proof-of-concept for its two lead wholly-owned genetic medicine programs.
Key Takeaways
- Sangamo expects to sign a deal soon for its Fabry disease gene therapy, the proceeds of which will fund the company's operations through clinical proof-of-concept for its two lead genetic medicine programs, now in preclinical development
The Richmond, CA-based company learned at the end of December that Pfizer planned to relinquish its rights to the partnered hemophilia A gene therapy giroctocogene fitelparvovec, which the big pharma was expected to submit for US Food and Drug Administration and European Medicines Agency approvals in early 2025, based on the
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