Sagimet Biosciences

Sagimet Biosciences

SGMT
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SGMT · Stock Price

USD 7.64+4.38 (+134.36%)
Market Cap: $467.5M

Historical price data

Market Cap: $467.5MPipeline: 12 drugs (2 Phase 3)HQ: United States

Overview

Sagimet Biosciences is advancing a novel therapeutic platform centered on the selective inhibition of Fatty Acid Synthase (FASN), a key enzyme in the dysfunctional de novo lipogenesis pathway. The company's lead asset, denifanstat, has achieved critical milestones, including positive Phase 2b biopsy data in MASH (FASCINATE-2), Breakthrough Therapy designation from the FDA, and successful Phase 3 results in acne from a partner-led trial. With a seasoned leadership team and a clear path to Phase 3 in MASH, Sagimet's strategy is to develop first-in-class oral therapies for diseases driven by lipotoxicity, including MASH, acne, and select cancers.

Metabolic DiseaseDermatologyOncology

Technology Platform

Proprietary platform for developing selective, small-molecule inhibitors of Fatty Acid Synthase (FASN), the key enzyme in the de novo lipogenesis pathway, to treat diseases driven by overproduction of palmitate.

Pipeline

12
12 drugs in pipeline2 in Phase 3
DrugIndicationStageWatch
denifanstat + PlaceboMASLDPhase 3
Denifanstat + PlaceboMASHPhase 3
TVB-2640Metabolic Dysfunction-assocated Steatohepatitis/ Nonalcoholic Fatty Liver DiseasePhase 2
TVB-2640 25 mg (US) + TVB-2640 50 mg (US) + Placebo (US) + T...MASLD/MASH (Metabolic Dysfunction-Associated Steatotic Liver Disease / Metabolic Dysfunction-Associated Steatohepatitis)Phase 2
TVB-2640KRAS Gene MutationPhase 2

Funding History

4
Total raised:$165M
IPO$75M
Series C$40M
Series B$30M
Series A$20M

Company Timeline

2014Series B

Series B: $30.0M

2018Series C

Series C: $40.0M

2023IPO

IPO — $75.0M