Sangamo (SGMO) Q3 2025 Earnings Call Transcript

Novartis' pelacarsen and Novo Nordisk's ziltivekimab failed in Phase 3 trials, testing different cardiovascular risk theories. Both drugs did not reduce cardiovascular events despite lowering targets. Novartis reported pelacarsen's Lp(a)HORIZON trial results, while Novo Nordisk halted ziltivekimab's HERMES and ATHENA trials. Analysts estimated pelacarsen's peak sales at $4B-$6B. Both companies have other trials ongoing.

Santos has signed two LNG agreements: a 10-year supply deal with POSCO Steel and a 20-year purchase agreement with Western LNG for 1 million metric tons per year, starting around 2031.

The US Navy awarded Boeing a $562M contract for the first three MQ-25A Stingray unmanned aerial refueling aircraft, with deliveries expected in 2029. The contract also funds components for three more aircraft. The MQ-25 program aims to produce 67 operational aircraft and nine test vehicles, with the Stingray designed to extend the service life of F/A-18 Super Hornet fighters by handling refueling missions.

Lockheed Martin (LMT) secured a $1.21B U.S. Army contract, boosting its defense sector standing. The company offers a 2.62% dividend yield, a 50% payout ratio, and 5.4% 3-year dividend growth. Its GF Value™ suggests a 6.0% undervaluation, with a GF Score™ of 80/100. Insider activity shows net selling, while institutional confidence remains strong.

Santos has signed two separate LNG agreements, one with POSCO Steel and another with Western LNG. The deals involve the supply of LNG from Santos' Gladstone LNG project in Australia. The agreements are expected to strengthen Santos' position in the LNG market.

Meta announced a $600,000 donation to Lake Mountain School District for land and $450,000 for Eagle Mountain's Walden Park Observatory, part of a $3B+ investment in Utah. The expansion will create 1,200 construction jobs and 300 permanent roles. Meta's Future Is for Everyone Fund also committed $1.5M to education initiatives.