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Sagimet Biosciences Inc. Series A - $SGMT STOCK NEWS

Welcome to our dedicated page for Sagimet Biosciences Series A news (Ticker: $SGMT), a resource for investors and traders seeking the latest updates and insights on Sagimet Biosciences Series A stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sagimet Biosciences Series A's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Sagimet Biosciences Inc. announced the oral presentation of denifanstat Phase 2b FASCINATE-2 study data at the EASL International Liver Congress 2024. The study demonstrated significant fibrosis improvement and MASH resolution in patients with F2 or F3 fibrosis.

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Sagimet Biosciences Inc. announced the appointment of Thierry Chauche as Chief Financial Officer. Chauche brings over 20 years of financial and biopharma experience to the role. The company granted him an inducement stock option worth $2 million. Additionally, Sagimet approved inducement grants of stock options for four other newly-hired employees.

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Sagimet Biosciences, a clinical-stage biopharmaceutical company, will host a virtual investor and analyst day on May 3, 2024, to discuss positive topline data from its FASCINATE-2 Phase 2b clinical trial of denifanstat in MASH and plans for a Phase 3 trial. The event will feature Dr. Stephen Harrison and focus on the unmet need for patients with metabolic dysfunction-associated steatohepatitis (MASH) and the Company's lead drug candidate, denifanstat, a selective FASN inhibitor.
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Sagimet Biosciences Inc. completes Phase 1 hepatic impairment study with denifanstat, a selective FASN inhibitor for MASH treatment. The study demonstrated safety and pharmacokinetics of denifanstat in subjects with hepatic impairment, with positive results supporting the planned Phase 3 program.
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Sagimet Biosciences Inc. appoints Tim Walbert and Paul Hoelscher to its board of directors. Tim brings 30 years of biotechnology experience, having led Horizon Therapeutics and IDM Pharma. Paul Hoelscher, former CFO of Horizon, joins with a strong financial background. Sagimet plans to start Phase 3 trial for denifanstat in MASH in 2024.
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Sagimet Biosciences Inc. reported positive Phase 2b trial data for denifanstat in MASH patients, meeting primary efficacy endpoints and reducing fibrosis significantly. The company aims to initiate a Phase 3 trial in 2024. Sagimet also extended its cash runway through 2025 with a follow-on offering of $104.7 million, ending 2023 with $94.9 million in cash, cash equivalents, and marketable securities.
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Sagimet Biosciences Inc. announced its participation in two investor conferences, the TD Cowen 44th Annual Health Care Conference and Leerink Partners Global Biopharma Conference 2024. The company will present on March 5 and March 13, 2024, respectively, discussing its novel FASN inhibitors targeting metabolic and fibrotic pathways.
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Sagimet Biosciences Inc. announced the pricing of its underwritten public offering of 9,000,000 shares of its Series A common stock at a public offering price of $12.50 per share, expecting gross proceeds of $112.5 million. The underwriters have a 30-day option to purchase up to an additional 1,350,000 shares. The offering is expected to close on January 30, 2024. Goldman Sachs & Co. LLC, TD Cowen, and Leerink Partners are acting as joint book-running managers for the offering.
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Sagimet Biosciences Inc. announced the commencement of an underwritten public offering of 9,000,000 shares of its Series A common stock, with an additional 1,350,000 shares subject to purchase by underwriters. The offering is being managed by Goldman Sachs & Co. LLC, TD Cowen, Leerink Partners, and JMP Securities, A Citizens Company. The registration statement for the offering has been filed with the SEC but has not yet become effective.
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Sagimet Biosciences Inc. (SGMT) and its strategic partner Gannex Pharma Co., Ltd. reported positive topline results from the FASCINATE-2 Phase 2b clinical trial of denifanstat for NASH patients with stage 2 or 3 fibrosis. The trial showed statistically significant improvements in NASH resolution and fibrosis reduction in denifanstat-treated patients compared to placebo. Denifanstat was generally well-tolerated with no serious adverse events observed.
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Sagimet Biosciences Inc. Series A

Nasdaq:SGMT

SGMT Rankings

SGMT Stock Data

138.19M
19.51M
13.48%
47.29%
7.36%
Research and Development in Biotechnology
Professional, Scientific, and Technical Services
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United States of America
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