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Why Is SGMO Stock Up 40% Today?

$Sangamo Therapeutics(SGMO.US)$ stock is up after the company announced a successful late-stage trial.
This treatment for patients with hemophilia A appears to have the efficacy and safety metrics in place to warrant a potential approval.
Notably, Sangamo’s candidate is being developed alongside $Pfizer(PFE.US)$ , adding a layer of clout to the R&D behind the prospective treatment.
Why Is SGMO Stock Up 40% Today?
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