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Sangamo Therapeutics and Astellas Announce Capsid License Agreement to Deliver Genomic Medicines for Neurological Diseases [Yahoo! Finance]

Sangamo Therapeutics, Inc. (SGMO) 
Last sangamo therapeutics, inc. earnings: 2/28 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.sangamo.com
Company Research Source: Yahoo! Finance
Sangamo Therapeutics and Astellas have entered into a license agreement that grants Astellas exclusive rights to use Sangamo's novel adeno-associated virus (AAV) capsid, STAC-BBB, to deliver genomic medicines for certain neurological diseases. Astellas will pay Sangamo a $20 million upfront fee and up to $1.3 billion in additional fees and milestone payments, as well as royalties on potential sales. Sangamo's STAC-BBB capsid has shown potent blood-brain barrier penetration and neuronal transduction in nonhuman primates, and the agreement aims to advance treatments for neurological diseases with significant unmet medical needs. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No Agreement grants Astellas rights to employ Sangamo's novel proprietary capsid, STAC-BBB, for up to five po Show less Read more
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