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Business
Sangamo Will Get Alzheimer’s Firm
by Ann M. Thayer
September 2, 2013
| A version of this story appeared in
Volume 91, Issue 35
Sangamo BioSciences will acquire privately held Ceregene, a developer of adeno-associated virus (AAV) gene therapies. To complete the deal, Richmond, Calif.-based Sangamo will issue stock, worth about $1 million at its recent share price, and will later make payments contingent on revenues generated from licensing or selling Ceregene products. CERE-110, an AAV-delivered nerve growth factor gene that works in the brain to treat Alzheimer’s disease, is in an NIH-supported Phase II clinical trial.
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