FINWIRES · TerminalLIVE
FINWIRES

Eli Lilly, Astellas Enter Into Asset Sale Agreements With Sangamo Therapeutics

By

Eli Lilly (LLY) and Astellas Pharma have entered into two separate asset sale agreements with Sangamo Therapeutics as part of Sangamo's voluntary Chapter 11 reorganization, the genomic medicine company said Tuesday.

Lilly's agreement covers Sangamo's capsid delivery platform, zinc finger platform, modular integrase platform and the prion disease program ST-506, while Astellas' agreement involves the the Fabry disease program ST-920, Sangamo said.

Lilly and Astellas will serve as "stalking horse" bidders in a court-supervised auction process, Sangamo said.

Sangamo said it has secured commitment for debtor-in-possession financing to support ongoing operations.

The petition was filed in the US Bankruptcy Court for the District of Delaware.

Price: $1107.53, Change: $+3.50, Percent Change: +0.32%

Related Articles

Wire

Primoris Services Cuts 2026 Earnings Outlook, COO Jeremy Kinch Steps Down; Shares Fall After-Hours

Primoris Services (PRIM) said late Monday its chief operating officer, Jeremy Kinch, is departing from the company, effective immediately.Also, Primoris expects lower revenue and gross profit for 2026, primarily driven by its Renewables business, as cost overruns and delays were identified, according to a statement.For 2026, the company now expects adjusted EPS of $2.05 to $2.60, down from the prior outlook of $4.80 to $5.00. Analysts polled by FactSet expect $4.85.Shares of Primoris Services were down more than 32% in after-hours activity.

$PRIM
Wire

Top Cryptocurrencies Mixed; Bitcoin Holds Above $64,000

Top cryptocurrencies were mixed on Monday, with Bitcoin (BTC-USD) holding above the $64,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 0.5% in the past 24 hours. The Nasdaq 100 fell 0.4%, the S&P 500 lost 0.5%, and the Dow Jones Industrial Average rose 0.2%.Bitcoin gained 0.3% at $64,253, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 90.9% to $27.24 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, fell 0.2% to $1,729.XRP (XRP-USD) fell 1.3%, BNB (BNB-USD) was down 0.1%, and Solana (SOL-USD) dropped 2.3%. Dogecoin (DOGE-USD) fell 1.2%, and Cardano (ADA-USD) decreased 2.2%.The US 10-year Treasury yield stood at 4.509% at 3 p.m. ET Monday, up from 4.445% Thursday, while the five-year yield rose to 4.288% from 4.218%.The total market value of the cryptocurrency industry rose 0.1% in the past 24 hours to $2.2 trillion, and trading volume increasing 58.2% to $71.98 billion.Price: $64373.36, Change: $+1131.10, Percent Change: +1.79%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Wire

Market Chatter: Tesla Fatal Texas Home Crash Under Federal Investigation

Tesla (TSLA) is facing a special crash investigation by the National Highway Traffic Safety Administration after a Model 3 slammed into a house near Houston last week, killing one person, the Wall Street Journal reported Monday, citing the auto-safety regulator.The driver told law enforcement he was using Tesla's automated driving assistance system when the crash occurred, according to a statement by the Harris County Sheriff's Office, the media outlet added.Tesla and NHTSA did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $405.21, Change: $+4.72, Percent Change: +1.18%

$TSLA