Sangamo launches auction for ST-503 pain program as Chapter 11 asset sales close with $163.55 million proceeds
Bitget2026/10/13 20:01- Sangamo set a fourth-quarter 2026 deadline for an auction of its clinical-stage ST-503 chronic neuropathic pain program.
- Asset sales completed through a court-supervised Section 363 process generated USD 163.55 million in gross cash proceeds.
- PTC bought the Fabry disease program ST-920 for USD 111 million in cash, with up to USD 100 million in milestone payments.
- Lilly acquired Sangamo’s capsid delivery, zinc finger and MINT platforms, with the ST-506 prion disease program, for USD 50 million in cash.
- Proceeds were used to repay all outstanding amounts under the debtor-in-possession financing facility provided by Future Solutions.
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