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Why Sangamo stock plunged on Pfizer deal exit (SGMO:NASDAQ)

Breaking a deal or ending partnership.

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Sangamo Therapeutics (NASDAQ:SGMO) lost nearly half of its market cap in early trading on Tuesday after Pfizer (NYSE:PFE) decided to end a collaboration with the company for its gene therapy giroctocogene fitelparvovec targeted at the bleeding disorder hemophilia A.

Sangamo’s (

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