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Stock impact report

Astellas and Sangamo Therapeutics 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
Astellas Pharma has entered into a license agreement with Sangamo Therapeutics to use Sangamo's proprietary adeno-associated virus (AAV) capsid, STAC-BBB, to deliver genomic medicines for neurological diseases. The agreement grants Astellas a worldwide exclusive license to use the STAC-BBB capsid for one target, with the option to add up to four additional targets. Sangamo will receive a $20 million upfront license fee and is eligible to earn up to $1.3 billion in additional fees and milestone payments, as well as royalties on potential net sales. Astellas will be responsible for research, development, manufacturing, and commercialization of the resulting gene therapy products. 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 Show less Read more
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