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Sangamo Therapeutics Inc

sangamo.com

What Do They Do?

Develops gene therapies and gene-regulation treatments for neurological and rare diseases, and licenses gene-delivery and gene-editing technology to biopharmaceutical companies.

How Do They Make Money?

Biopharmaceutical partners pay upfront fees for licenses, research-service charges and reimbursements, with additional milestone, target-selection, sublicense and royalty payments. A separate license fee is paid when the license takes effect; research work is paid as the work is done.

FY2025 revenue

Who Are Their Customers?

Biopharmaceutical companies enter collaboration and license agreements with Sangamo to develop product candidates and use its gene-delivery and gene-editing platforms.

Do Revenues Turn Into Profits?

No. It lost $122.9M in FY2025.

Operating income, FY2025
−307% of revenue
▲ +17% (Loss) vs FY2024 (−$104M, −180%)
Net income, FY2025
−311% of revenue
▲ +26% (Loss) vs FY2024 (−$97.9M, −169%)
Free cash flow, FY2025
−246% of revenue
▲ +44% (Loss) vs FY2024 (−$67.4M, −117%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q1 FY2026, the three months to Mar 31, 2026
Revenue
▼ −78%
vs $6.4M in Q1 FY2025
Net income
▲ +1% (Loss)
vs −$30.6M in Q1 FY2025
  • Sep 2, 2026 Lilly completed its purchase of Sangamo technology platforms and the prion program The sale brought $50 million in cash and included assumption of certain specified liabilities.
  • Aug 28, 2026 PTC agreed to buy Sangamo’s Fabry disease program The agreement provides for $111,000,000 in cash at closing and up to $100,000,000 in milestone payments.
  • Jul 20, 2026 Nasdaq denied Sangamo’s request to remain listed Sangamo’s stock was suspended from Nasdaq and moved to the OTCID Basic Market.
  • Jun 23, 2026 Sangamo filed for Chapter 11 bankruptcy protection It continued operating under court supervision and had agreed to sell technology platforms to Lilly for $50 million.

Shrinking. Revenue fell 64% in 4 years, from $110.7M in FY2021 to $39.6M in FY2025, about 23% a year.

A narrower focus on neurology The older report described gene therapy, engineered cell therapies and genome engineering across programs for Fabry disease, kidney transplant rejection, hemophilia A and sickle cell disease. The latest report centers development on neurological gene-regulation therapies and engineered delivery capsids, while retaining clinical programs for Fabry disease and hemophilia A.

Who Do They Compete With?

Competes with F. Hoffman-LaRoche, Protalix Biotherapeutics, Sanofi, BioMarin Pharmaceutical, Spark Therapeutics, Spur Therapeutics, Exegenesis Bio, 4D Molecular Therapeutics, Caribou Biosciences, CRISPR Therapeutics, Editas Medicine, Intellia Therapeutics, Beam Therapeutics, Cellectis, Precision BioSciences, Alnylam Pharmaceuticals, Ionis Pharmaceuticals, Moderna, Regulus Therapeutics, and Voyager Therapeutics

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