Sangamo Prices Shares

Zacks Equity Research

Sangamo BioSciences, Inc. (SGMO) recently announced the sale of 6,100,000 shares of its common stock at a price of $10.58 per share. The public offering is expected to close by Sep 23, 2013 and generate approximately $65 million in gross proceeds.

In addition, Sangamo granted a 30-day option to underwriters to purchase up to an additional 915,000 shares of common stock.

Sangamo expects to use the net proceeds from the public offering for general corporate purposes.

These include research and development of its ZFP therapeutic candidates and research programs, commercialization activities, clinical trials, business development activities along with potential acquisitions of businesses, products, technologies or licenses.

We remind investors that Sangamo entered into an agreement to acquire privately-held Ceregene, Inc. in Aug 2013. As per the terms of the acquisition, Sangamo will issue 100,000 shares to the stockholders of Ceregene, representing less than 0.2% of total outstanding shares.

Additionally, Sangamo will also make milestone payments.

We note that Ceregene focuses on developing adeno-associated virus (AAV) gene therapies. Sangamo will acquire all of Ceregene’s AAV assets, including a phase II candidate, CERE-110, being developed for the treatment of Alzheimer's disease.

The acquisition will provide Sangamo over 120 issued, pending or in-licensed patents along with other technical knowhow. Sangamo expects the technical knowhow acquired from Ceregene to provide important reference materials to the company for preparing and filing Investigational New Drug (IND) applications for its novel ZFP therapeutics.

We note that Sangamo is evaluating the safety and efficacy of ZFP therapeutic for the treatment of HIV/AIDS.

Moreover, Sangamo entered into a collaboration agreement with Shire (SHPG) in 2012 to develop therapeutics for hemophilia, Huntington's disease and other monogenic diseases.

Sangamo currently carries a Zacks Rank #2 (Buy). Other stocks that look attractive include Biogen Idec Inc. (BIIB) and Gilead Sciences Inc. (GILD). Both carry a Zacks Rank #1 (Strong Buy).

Read the Full Research Report on GILDRead the Full Research Report on BIIBRead the Full Research Report on SHPGRead the Full Research Report on SGMOZacks Investment Research

  • Best Vanguard Funds for Your Retirement Savings

    Best Vanguard Funds for Your Retirement Savings

    Vanguard is the biggest fund company in the land, with more than $3 trillion in assets. So chances are high that many retirement savers have access to Vanguard funds in their 401(k) plans. But size is no guarantee of good results. Thirty-four Vanguard funds appear on a list of the 105 most popular mutual funds in employer-sponsored retirement savings plans. No other fund company comes close. Not surprisingly, of the 34 most popular Vanguard funds in retirement plans, 15 are index funds. And nine more are target-date portfolios—those set-it-and-forget-it funds that shift over time to more conservative allocations as the fund nears its target year. The remaining 10 are actively managed. We didn’t

  • Blighted lives: The true cost of diabetes
    BBC News

    Blighted lives: The true cost of diabetes

    Steven Woodman walks like an old man. He needs a stick to maintain his balance as he hobbles forward. Steven is only in his late 50s, but the loss of three toes on one foot means he's unsteady on his feet. It is type 2 diabetes that has led Steven to where he is now. More accurately, it's ignoring the warnings and advice around diabetes that has left him facing a life of disability. He was diagnosed with type 2 diabetes, closely linked to lifestyle and weight gain, when he was still a young man. Steven, who lives in Shrewsbury, freely admits that, at the time, he ignored his GP's advice. "I was in denial. I never took it that seriously, so I carried on eating, going to the pub - doing things

  • Oil prices fall as Iraq resists joining output cut

    Oil prices fall as Iraq resists joining output cut

    Oil prices fell on Monday as Iraq said it wanted to be exempt from an OPEC deal to cut production, though losses were capped by Iran saying it would encourage other members to join an output freeze. U.S. West Texas Intermediate (WTI) crude (CLc1) was down 61 cents at $50.23. Falah al-Amiri, head of Iraqi state oil marketer SOMO, added that Iraq's market share had been compromised by the wars it has fought since the 1980s.

  • Trump Surrogates Continue Their Apologist Tour to Election Day
    The Fiscal Times

    Trump Surrogates Continue Their Apologist Tour to Election Day

    It’s a thankless job being a Donald Trump surrogate these days. The job fell to campaign manager Kellyanne Conway and Republican National Committee Chairman Reince Priebus this weekend, and both twisted themselves in verbal knots casting the Trump campaign as something other than a foundering ship that’s headed to the bottom. After promising to deliver a “closing argument” in a speech on Saturday in Gettysburg, PA, Trump instead dedicated part of his remarks to promising to sue each of the dozen or so women who have accused him of sexual assault.

  • Coke and Pepsi are finally ditching sugar
    Business Insider

    Coke and Pepsi are finally ditching sugar

    This past week we learned that PepsiCo is finally turning against sugar. On Monday, PepsiCo announced that by 2025, two thirds of its drinks will have 100 calories or fewer from added sugar, per 12 oz serving. Currently, these types of sugary beverages make up 40% of PepsiCo's drinks.

  • America's biggest banks are closing hundreds of branches
    Business Insider

    America's biggest banks are closing hundreds of branches

    According to the 3Q earnings report, the bank has 21 million mobile banking active users and 18% of deposit transactions are completed through mobile devices. "That’s better for customers, it’s also better for our shareholders," said Donofrio.

  • Former CEO explains how to nurture star employees
    Yahoo Finance

    Former CEO explains how to nurture star employees

    High-potential performers (or Hi-Pos) stand out due to their associative thinking skills—which help solve problems and drive innovation—their strong emotional awareness, and their incredible perseverance, according to Carter Cast, a clinical professor of innovation and entrepreneurship at the Kellogg School and former CEO of, a division of Walmart (WMT). Putting a mirror up in front of people can help them recognize weaknesses, triggers, and gaps that may be impeding self-regulation and performance.

  • Chesapeake Energy Analysts Change Their Tune

    Chesapeake Energy Analysts Change Their Tune

    On Wednesday evening, Chesapeake Energy Corp. (NYSE: CHK) stock closed at $6.72. Shares dropped by more than 5% to $6.36 early Thursday morning as the company kicked off its first investor day presentation in two years. The downturn was very likely the result of the company’s forecast for 2016 and 2017. Production growth is estimated at flat to up 3% for 2016 and at down 5% to flat for 2017. And that comes at the cost of higher capital spending. We looked at Chesapeake’s presentation in some detail on Thursday. By the end of the day Thursday, Chesapeake stock had regained all its lost ground and added 2.8% besides to close at $6.91. But by the early afternoon Friday, shares traded down about

    Bloomberg Video

    6th Party Plenum: What Is China's Agenda?

    Oct. 24 -- Liu Li-Gang, chief China economist at Citigroup, discusses China's 6th party plenum in Beijing and what could come out of it. He speaks to Bloomberg's Stephen Engle and Rishaad Salamat on "Bloomberg Markets."

  • Japan swings back to September trade surplus

    Japan swings back to September trade surplus

    Japan swung to a bigger-than-expected trade surplus in September, as tumbling imports offset lacklustre shipments overseas, official data showed Monday. The value of Japan's exports fell again, with vehicles and steel among the worst hit sectors, as a stronger yen clouds the country's trade picture. It also reversed a surprise trade deficit in August.

  • Jeff Bezos, Jamie Dimon, Warren Buffett agree on the No. 1 priority for business
    Yahoo Finance

    Jeff Bezos, Jamie Dimon, Warren Buffett agree on the No. 1 priority for business

    In recent weeks, we’ve heard Warren Buffett, Jamie Dimon and Jeff Bezos talk about managing their businesses. At the Economic Club of Washington DC in September, JPMorgan CEO Jamie Dimon discussed what eventually led to his ouster from Citigroup in 1998. JPMorgan Chase is the largest bank in America.

  • What to expect from Apple’s fourth-quarter earnings tomorrow

    What to expect from Apple’s fourth-quarter earnings tomorrow

    It’s going to be a busy week for Apple. Tomorrow (Oct. 25), the company will announce its fourth-quarter earnings for its fiscal year. Two days later, it’ll host an event to show off what many expect to be a refresh to its laptop and desktop computer lines. While the company may be ramping up for a big holiday season, with hopes of selling truckloads of its new iPhones and computers, tomorrow’s earnings call will reveal how sales fared over what has traditionally been Apple’s slowest period. In recent quarters, Apple has reported its first quarterly declines since it started selling the iPhone nearly a decade ago. Whether the company was able to reverse that decline in the fourth quarter—which

  • AT&T, Time Warner CEOs say mega-merger is all about speed and mobility

    AT&T, Time Warner CEOs say mega-merger is all about speed and mobility

    The companies do not compete anywhere, Stephenson said, adding mergers of this nature usually get done by making concessions to regulators. Stephenson said content and distribution are converging, and he argued that this deal is a natural evolution of the industry. Any innovation will be available to the entire marketplace, Stephenson added.

  • Business
    Money Talks News

    9 Tips to Ensure You’ll Have Enough to Retire

    Life expectancy for women and men in 1970 was just short of 71 years, for example, so retirement funds did not have to see most people to age 90 or 100. Today, those of us approaching retirement are playing a very new game. Will Social Security be your primary source of income in retirement?

  • 3 Great Dividend Stocks That Could Double Their Payments -- The Motley Fool
    The Motley Fool

    3 Great Dividend Stocks That Could Double Their Payments -- The Motley Fool

    According to the latest economic data, average household income is down 2.4% from its peak in 1999. That implies that most Americans have not gotten a real raise in years. That said, while employers are stingy to their employees, companies are pretty generous to their investors. In fact, the following three companies are likely to double the income streams they pay investors over the next few years. A pipeline of income growth One of the reasons why refining giant Phillips 66 (NYSE:PSX) launched its midstream MLP Phillips 66 Partners (NYSE:PSXP) was to give investors an opportunity to collect a rapidly growing cash flow stream. That is why, when the MLP went public in late 2013, it stated that

  • The $1.7 Trillion Oil Industry Isn’t Going Anywhere

    The $1.7 Trillion Oil Industry Isn’t Going Anywhere

    This week’s oil prices put the industry at a value of $1.7 trillion – almost three times larger than the $660 billion in revenues generated from all major raw metals and minerals combined. Figures compiled by the Visual Capitalist show that the sheer magnitude of international oil consumption will increase as countries leave coal behind and plan for the spread of natural gas and green energy. Oil producers extract 34 billion barrels of oil from the planet every year to provide the 94 million bpd the planet consumes to travel, build and illuminate.

  • Business

    In insurance, Big Data could lower rates for optimistic tweeters

    This could lead to future insurance cover based on "sentiment analysis", in which Big Data and artificial intelligence make predictive models ever more accurate. Swiss Re says technological advances will cut the price of insurance protection and help individuals and firms make better decisions through programmes that offer advice and incentivise improvements in areas such as health and driving. Social media monitoring is one of several advances insurers are examining to improve the pricing of policies.

  • World
    WSJ Live

    Islamic State Burns Sulfur Stocks Near Mosul

    On Saturday a plume of noxious smoke drifted over a base with U.S. troops involved in the Iraqi offensive to retake the city of Mosul. Islamic State militants had set fire to sulfur stocks at a factory south of Mosul on Thursday. Photo: Reuters

  • Stock Market Update from

    Stock Market Update from

    12:00 pm: [BRIEFING.COM] The S&P 500 (+0.4%) has inched lower in recent trade, floating roughly five points below its session high. The higher-yielding sectors -- telecom services (-0.5%), utilities (-0.1%), and real estate (UNCH) -- have continued

  • Business

    Australia's largest private trade delegation to visit China

    Australia's largest ever private trade delegation is due to arrive in China on Sunday, just over a week after 18 employees from Australian gaming giant Crown Resorts Ltd were detained there for alleged gambling crimes. More than 200 delegates, including Queensland state ministers, agricultural producers and exporters will be on the visit to Shanghai aimed at building on the A$160 billion ($120 billion) trade relationship between Australia and China. "We have brought together businesses from banks to exporters and freight companies," Ben Lyons, the group's leader, said in a statement.

  • Dominos CEO: We got ahead of the curve in technology
    Yahoo Finance

    Dominos CEO: We got ahead of the curve in technology

    Other than the company’s new recipe rolled out in 2010, in one word: technology. “We got into it early,” said CEO Patrick Doyle. Doyle said a big part of the company’s success is “early investment.” And he added the company hasn’t stopped.

  • Technology
    Associated Press

    Attacks on the internet keep getting bigger and nastier

    Manchester, New Hampshire-based Dyn Inc. said its server infrastructure was hit by distributed denial-of-service, or DDoS, attacks. The attack temporarily blocked some access to popular websites from across America and Europe such as Twitter, Netflix and PayPal. Members of a shadowy hacker group that calls itself New World Hackers claimed responsibility for the attack via Twitter, though that claim could not be verified.

  • GM

    GM to add SUV production line at China JV in 2017: Xinhua

    General Motors Co plans to launch a new SUV production line at its joint venture factory in the Chinese central city of Wuhan during the first half of 2017, the official Xinhua News Agency reported on Sunday, citing company sources. SAIC General Motors (SGM), a joint venture between China's SAIC and General Motors, started operations at the Wuhan plant last year. The new production line will be able to produce 360,000 vehicles a year, bringing the combined capacity to 600,000, Xinhua said.

  • AT&T agrees to buy Time Warner for $85 billion

    AT&T agrees to buy Time Warner for $85 billion

    By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - AT&T Inc said on Saturday it agreed to buy Time Warner Inc for $85.4 billion, the boldest move yet by a telecommunications company to acquire content to stream over its high-speed network to attract a growing number of online viewers. The biggest deal in the world this year will, if approved by regulators, give AT&T control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. It will likely face intense scrutiny by U.S. antitrust regulators worried that AT&T might try to limit distribution of Time Warner material.

  • 5 Negative Factors For Oil Prices

    5 Negative Factors For Oil Prices

    It has been a rough 2 years for forecasters of crude oil prices. Essentially no one saw the 2014 crash coming, and everyone looked on in surprise as a barrel of crude oil tanked, from over $100 to less than $30. After the crash, many forecasters expected a speedy recovery driven by bankruptcies in U.S. Shale, only to be left surprised again by the slow pace of the structural adjustment of supply to demand, causing the crude oil price to remain in the $30 to $50 per barrel range much longer than anticipated.