Sagimet Biosciences Inc

SGMT

$3.70

Closing

▲17.46%

1D

▼-31.73%

YTD

SGMT

BBG0020584Z8

Market cap

$119.12M

52 week high

$20.70

52 week low

$2.20

Volume

189,313

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Market cap

$119.12M

Analysts' Rating

BUY

Price Target (Mean)

32.60

Total Analysts

6

P/E

Operating Margin

0.00%

Beta

Revenue Growth

0.00%

52 week high

$20.70

52 week low

$2.20

Div. Yield

%

EPS Growth

8.70

Company Profile

Sagimet Biosciences Inc. is a clinical-stage biopharmaceutical company. The Company is engaged in developing therapeutics called fatty acid synthase (FASN) inhibitors that target dysfunctional metabolic pathways in diseases resulting from the overproduction of the fatty acid, palmitate. The Company’s lead drug candidate, denifanstat, is an oral, once-daily pill and the selective FASN inhibitor in development for the treatment of metabolic dysfunction-associated steatohepatitis (MASH). In addition to MASH, the Company is evaluating denifanstat in acne and in select forms of cancer, disease areas in which dysregulation of fatty acid metabolism also plays a key role. Denifanstat is being tested in a Phase III clinical trial for moderate to severe acne vulgaris, and a Phase III trial for recurrent glioblastoma multiforme (GBM) in combination with bevacizumab.