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Biotech / Medical : Sangamo Therapeutics, Inc. SGMO
SGMO 0.590+3.6%Oct 31 9:30 AM EDT

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To: Cautious_Optimist who wrote (343)2/21/2012 3:34:44 AM
From: PLegee2 Recommendations   of 368
 
The Shire deal changes everything in my opinion, plus gives me a much needed boost regarding managerial competence. I think the recent inclusion of Ringo on the Board has already started paying big dividends and his influence had a lot to do with this deal reaching a successful conclusion. This is finally a validation of the company's clinical platform based upon the accolades of Wall St and pharma alike. The partnership is better and more significant than I was previously giving the company's management the credit to achieve. Congrats to Sangamo on this huge step forward, it was long, long overdue.

Looking at the stock going forward, it will be up from here. The upcoming CROI will also unveil some additional HIV updates which the company has strategically maintained complete control over; it is not part of the Shire hemo related deal. Ed has already implied that the HIV trials have been designed to produce maximum effect, I think Phase II updates will be very encouraging (as do most investors). Looks like the newfound momentum continues near term.

Now that the "ice has been cracked", SGMOs potential on hundreds of further mono genetic target opportunities can at least be put into play for other partnership discussions/deals. The significance of the Shire deal cannot be understated; it is a huge step forward for the company. Though Ed will maintain this has been his corp strategy all along, it was the new blood on the B of D that actually influenced the successful outcome of the partnership. This truly is a major milestone for the company and ultimately for patient access to game changing science.
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