M&A
confidence high
sentiment neutral
materiality 0.90
Sangamo selects PTC and Lilly as winning bidders in $163.55M asset auction
SANGAMO THERAPEUTICS, INC
- PTC to buy Fabry program (ST-920) for $111M cash + up to $100M milestones ($80M on accelerated approval, $20M on full approval).
- Lilly to buy capsid delivery, zinc finger, MINT platforms and prion program (ST-506) for $50M cash.
- Tools/equipment sold to various bidders for $2.55M; total cash consideration ~$163.55M.
- Sales subject to Bankruptcy Court approval; Lilly close expected ~Sept 4, 2026; PTC close after HSR review.
- Company continues to market ST-503, hemophilia A program, cell therapy and T-Reg assets.