Sangamo Therapeutics (SGMO) Q3 Earnings call transcript Nov 12, 2024
2min read In the latest earnings call, Sangamo Therapeutics showcased significant progress in its mission to transform the lives of patients afflicted with serious neurological diseases. The call, led by CEO Sandy Macrae, highlighted key achievements in the company's Fabry disease program and promising developments in its hemophilia A program. These advancements signal a potential long-term financial foundation for Sangamo's core neurology pipeline.
Fabry Disease Program's Regulatory Progress and BLA Readiness
A major highlight of the call was the update on Sangamo's Fabry disease program. The company has successfully aligned with the FDA on a clear regulatory pathway to accelerated approval, reducing the time to potential approval by three years and eliminating the need for an additional costly registrational study. This significant progress is expected to bring this treatment to patients much sooner than anticipated, showcasing Sangamo's commitment to addressing unmet medical needs. The company has begun BLA readiness activities, with a submission anticipated in the second half of 2025. This regulatory advancement has generated significant interest from external stakeholders, including patients and potential strategic partners, further emphasizing the importance of this treatment in the neurological disease landscape.
Potential Milestones in Hemophilia A Program
Another key topic of discussion was the progress in Sangamo's hemophilia A program. Following Pfizer's top line readout from the Phase III AFFINE trial, the company is moving closer to potential regulatory submissions. This program has the potential to unlock up to $220 million in regulatory and commercial milestones for Sangamo, providing a solid financial foundation for its core neurology pipeline. Pfizer's upcoming presentation at the American Society for Hematology Annual Meeting in December is expected to provide further details on the Phase III data and regulatory discussions with authorities, indicating a promising outlook for this program.
Genentech License Agreement and IND Submission
Sangamo also announced its first neurology epigenetic regulation and capsid delivery license agreement with Genentech. This agreement, which includes $50 million in upfront license fees and milestone payments, extends Sangamo's cash runway and enhances its ability to attract new partnerships. Additionally, Sangamo's first IND application for a neurology indication, ST-503 for intractable pain, was submitted, with expectations for clinical advancement in the middle of 2025.
A Clear Path to Financial Stability and Continued Innovation
With two anticipated BLA submissions in 2025, Sangamo is on a trajectory towards financial stability. The company's strategic partnerships and licensing agreements, such as the one with Genentech, are expected to provide non-dilutive funding and further solidify its position in the neurology market. As Sangamo continues to advance its science and technology for neurological indications, the outlook remains positive, with a clear path to bringing life-changing treatments to patients in need.
In conclusion, Sangamo Therapeutics' earnings call showcased a promising outlook for its neurology pipeline, with significant progress in the Fabry disease and hemophilia A programs. The company's strategic partnerships and regulatory advancements indicate a clear path to financial stability and continued innovation in the field of neurological diseases. As Sangamo moves forward, investors and stakeholders can look forward to continued updates on its transformative treatments and milestones in the journey towards improving patients' lives.
