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    Sagimet Biosciences Inc.

    Subscribe to $SGMT
    $SGMT
    Biotechnology: Pharmaceutical Preparations
    Health Care

    IPO Year: 2023

    Exchange: NASDAQ

    Recent Analyst Ratings for Sagimet Biosciences Inc.

    DatePrice TargetRatingAnalyst
    12/6/2024$30.00Outperform
    Oppenheimer
    11/12/2024$12.00Buy
    UBS
    6/28/2024$23.00 → $6.00Buy → Neutral
    Goldman
    5/2/2024$32.00Buy
    H.C. Wainwright
    3/25/2024$26.00Outperform
    Leerink Partners
    8/8/2023Outperform
    TD Cowen
    8/8/2023$67.00Overweight
    Piper Sandler
    8/8/2023$33.00Buy
    Goldman
    8/8/2023$30.00Mkt Outperform
    JMP Securities
    See more ratings

    Sagimet Biosciences Inc. Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Amendment: SEC Form SC 13G/A filed by Sagimet Biosciences Inc.

      SC 13G/A - Sagimet Biosciences Inc. (0001400118) (Subject)

      11/14/24 7:55:59 PM ET
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      Health Care
    • SEC Form SC 13G filed by Sagimet Biosciences Inc.

      SC 13G - Sagimet Biosciences Inc. (0001400118) (Subject)

      11/14/24 5:05:18 PM ET
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    • Amendment: SEC Form SC 13G/A filed by Sagimet Biosciences Inc.

      SC 13G/A - Sagimet Biosciences Inc. (0001400118) (Subject)

      11/14/24 4:31:38 PM ET
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    • Amendment: SEC Form SC 13G/A filed by Sagimet Biosciences Inc.

      SC 13G/A - Sagimet Biosciences Inc. (0001400118) (Subject)

      11/14/24 4:27:19 PM ET
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    • SEC Form SC 13G/A filed by Sagimet Biosciences Inc. (Amendment)

      SC 13G/A - Sagimet Biosciences Inc. (0001400118) (Subject)

      3/11/24 8:19:04 AM ET
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    Sagimet Biosciences Inc. Leadership Updates

    Live Leadership Updates

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    • Sagimet Biosciences Announces Appointment of Thierry Chauche as Chief Financial Officer

      SAN MATEO, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel fatty acid synthase (FASN) inhibitors designed to target dysfunctional metabolic and fibrotic pathways, today announced the appointment of Thierry Chauche as Chief Financial Officer, effective today, May 6, 2024. "We are thrilled to welcome Thierry to our executive leadership team in the role of CFO. Thierry brings a proven track record in corporate finance in the biopharmaceutical sector, bringing expertise in corporate planning and strategy, investor relations, financing, and M&A," said Dave Happel, CEO of Sagimet. "Having an

      5/6/24 8:00:00 AM ET
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    • Sagimet Biosciences Announces Appointment of Tim Walbert and Paul Hoelscher to its Board of Directors

      SAN MATEO, Calif., March 25, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel fatty acid synthase (FASN) inhibitors designed to target dysfunctional metabolic and fibrotic pathways, today announced the appointments of two biotechnology industry leaders, Tim Walbert and Paul Hoelscher, to the board of directors of the Company, effective April 1, 2024. "We are fortunate to have Tim and Paul join us at this key stage as we prepare to initiate a pivotal, Phase 3 trial for our lead candidate denifanstat in MASH in the second half of 2024," said Dave Happel, CEO of Sagimet. "With his experience as CEO of publi

      3/25/24 7:00:00 AM ET
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      Health Care
      Biotechnology: Pharmaceutical Preparations

    Sagimet Biosciences Inc. Press Releases

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    • Sagimet Biosciences Reports First Quarter 2025 Financial Results and Provides Corporate Updates

      SAN MATEO, Calif., May 08, 2025 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. (NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today reported financial results for the quarter ended March 31, 2025, and provided recent corporate updates. "Sagimet is committed to bringing innovative therapies to MASH patients, following the successful results of our Phase 2b FASCINATE-2 clinical trial of denifanstat in MASH F2-F3 patients, particularly in more advanced F3 stage patients. In a Phase 1 clinical trial in patients with and without hepatic impairment, denifanstat exhibited similar pharmacokinetic cha

      5/8/25 6:00:00 AM ET
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    • Sagimet Biosciences Announces Upcoming Presentations at EASL Congress 2025

      SAN MATEO, Calif., April 23, 2025 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today announced that three poster presentations featuring additional analyses from the Phase 2b FASCINATE-2 study of denifanstat in MASH will be presented at the European Association for the Study of Liver (EASL) Congress 2025 being held May 7-10, 2025 in Amsterdam, Netherlands. EASL Presentation Details: Title:Assessment of the metabolic dysfunction-associated steatohepatitis resolution index and component biomarkers in prediction of histology response to d

      4/23/25 8:00:00 AM ET
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    • Sagimet Biosciences Announces Clearance of IND for FASN Inhibitor TVB-3567, to be Developed for the Treatment of Acne

      TVB-3567 is the Company's second fatty acid synthase (FASN) inhibitor First-in-human Phase 1 trial initiation planned in 2025 SAN MATEO, Calif., March 11, 2025 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today announced the clearance of its Investigational New Drug (IND) application for TVB-3567, the Company's second fatty acid synthase (FASN) inhibitor. TVB-3567 is a potent and selective small molecule FASN inhibitor, planned to enter clinical development for the treatment of acne. The IND with the U.S. Food and Drug Administration's

      3/11/25 8:00:00 AM ET
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    • Sagimet Biosciences Announces Oral Presentation at the MASH Pathogenesis and Therapeutic Approaches Keystone Symposium

      SAN MATEO, Calif., Feb. 19, 2025 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today announced that an oral presentation on denifanstat's effect on triglycerides and LDL-cholesterol in advanced fibrosis patients will be delivered at the MASH Pathogenesis and Therapeutic Approaches Keystone Symposium being held February 23-26, 2025 in Banff, Canada. The presentation will feature lipidomic data from a post-hoc analysis of the Phase 2b FASCINATE-2 trial of denifanstat in MASH. MASH Pathogenesis and Therapeutic Approaches Keystone Symp

      2/19/25 8:00:00 AM ET
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    • Sagimet Biosciences Announces Oral Presentation at the 9th Annual MASH-TAG 2025 Conference

      SAN MATEO, Calif., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today announced that an oral presentation highlighting fatty acid synthase (FASN) inhibitors will be given at the upcoming 9th Annual MASH-TAG Conference being held January 9-11, 2025 in Park City, Utah. The presentation will focus on the differentiated mechanism of action of the FASN inhibitor denifanstat and the observed anti-fibrotic effect in the Phase 2b FASCINATE-2 study in F2/F3 MASH. MASH-TAG 2025 Presentation Details: Title:FASN InhibitorsPresen

      1/6/25 8:00:00 AM ET
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    • Sagimet Biosciences to Participate in the Piper Sandler 36th Annual Healthcare Conference

      SAN MATEO, Calif., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today announced that management will present at the Piper Sandler 36th Annual Healthcare Conference on Tuesday, December 3, 2024 at 10 a.m. EST in New York City, New York. A webcast of the presentation will be available in the Investors & Media section of Sagimet's website at www.sagimet.com, with an archived replay available for 90 days following the live event. About Sagimet Biosciences  Sagimet is a clinical-stage biopharmaceutical company developin

      11/26/24 8:00:00 AM ET
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    • Sagimet Biosciences Presents Clinical Denifanstat and Preclinical FASN Inhibitor Data at AASLD - The Liver Meeting® 2024

      Subset analysis of FASCINATE-2 Phase 2 trial demonstrated denifanstat improved fibrosis in difficult-to-treat MASH patients Both artificial intelligence (AI) and conventional pathology demonstrated denifanstat's strong anti-fibrotic activity FASN inhibitor treatment reduced atherosclerosis development in mouse model of dyslipidemia and MASH SAN MATEO, Calif., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today announced the presentation of Phase 2b data demonstrating the anti-fibrotic activity of its fatty acid synthase (

      11/18/24 8:00:00 AM ET
      $SGMT
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    • Sagimet Biosciences Reports Third Quarter 2024 Financial Results and Provides Corporate Updates

      Denifanstat received Breakthrough Therapy designation from FDA for MASH Results from Phase 2b FASCINATE-2 study of denifanstat published in The Lancet Gastroenterology & Hepatology Successful completion of end-of-Phase 2 interactions with FDA on the development of denifanstat for MASH; Phase 3 program initiation expected by end of 2024 Anticipated cash runway through 2025, with cash, cash equivalents and marketable securities totaling $170.0 million as of September 30, 2024 SAN MATEO, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. (NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic p

      11/14/24 8:00:00 AM ET
      $SGMT
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Ascletis Completes Enrollment of Phase III Trial of ASC40 (Denifanstat) Once-Daily Oral Tablet for Treatment of Acne

      -Phase III trial enrolled a total of 480 patients with moderate to severe acne-Topline results expected in the second quarter 2025 HANGZHOU, China, Nov. 12, 2024 /PRNewswire/ -- Ascletis Pharma Inc. (HKEX: 1672, "Ascletis") today announces completion of enrollment of 480 patients for Phase III clinical trial of ASC40 (denifanstat) once-daily oral tablet for treatment of moderate to severe acne. The first patient was enrolled on January 24, 2024. This Phase III clinical trial is a randomized, double-blind, placebo-controlled, multicenter clinical trial in China to evaluate the safety and efficacy of ASC40 once-daily oral tablet for the treatment of moderate to severe acne vulgaris. 480 patie

      11/12/24 6:30:00 AM ET
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    • Sagimet Biosciences to Participate in the UBS Global Healthcare Conference

      SAN MATEO, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today announced that management will participate in a fireside chat at the UBS Global Healthcare Conference on Wednesday, November 13, 2024 at 5 p.m. PST in Rancho Palos Verdes, California. A webcast of the fireside chat will be available in the Investors & Media section of Sagimet's website at www.sagimet.com, with an archived replay available for 90 days following the live event. About Sagimet Biosciences  Sagimet is a clinical-stage biopharmaceutica

      11/7/24 7:30:00 AM ET
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      Biotechnology: Pharmaceutical Preparations
      Health Care

    Sagimet Biosciences Inc. Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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    • Happel David bought $63,731 worth of Series A Common Stock (12,100 units at $5.27), increasing direct ownership by 2% to 639,200 units (SEC Form 4)

      4 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      3/28/24 4:08:37 PM ET
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    Sagimet Biosciences Inc. Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Oppenheimer initiated coverage on Sagimet Biosciences with a new price target

      Oppenheimer initiated coverage of Sagimet Biosciences with a rating of Outperform and set a new price target of $30.00

      12/6/24 8:14:45 AM ET
      $SGMT
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • UBS initiated coverage on Sagimet Biosciences with a new price target

      UBS initiated coverage of Sagimet Biosciences with a rating of Buy and set a new price target of $12.00

      11/12/24 7:50:24 AM ET
      $SGMT
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Sagimet Biosciences downgraded by Goldman with a new price target

      Goldman downgraded Sagimet Biosciences from Buy to Neutral and set a new price target of $6.00 from $23.00 previously

      6/28/24 8:12:54 AM ET
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    • H.C. Wainwright initiated coverage on Sagimet Biosciences with a new price target

      H.C. Wainwright initiated coverage of Sagimet Biosciences with a rating of Buy and set a new price target of $32.00

      5/2/24 6:40:56 AM ET
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      Biotechnology: Pharmaceutical Preparations
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    • Leerink Partners initiated coverage on Sagimet Biosciences with a new price target

      Leerink Partners initiated coverage of Sagimet Biosciences with a rating of Outperform and set a new price target of $26.00

      3/25/24 7:27:42 AM ET
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    • TD Cowen initiated coverage on Sagimet Biosciences

      TD Cowen initiated coverage of Sagimet Biosciences with a rating of Outperform

      8/8/23 7:35:42 AM ET
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      Biotechnology: Pharmaceutical Preparations
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    • Piper Sandler initiated coverage on Sagimet Biosciences with a new price target

      Piper Sandler initiated coverage of Sagimet Biosciences with a rating of Overweight and set a new price target of $67.00

      8/8/23 6:49:16 AM ET
      $SGMT
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Goldman initiated coverage on Sagimet Biosciences with a new price target

      Goldman initiated coverage of Sagimet Biosciences with a rating of Buy and set a new price target of $33.00

      8/8/23 6:48:49 AM ET
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      Biotechnology: Pharmaceutical Preparations
      Health Care
    • JMP Securities initiated coverage on Sagimet Biosciences with a new price target

      JMP Securities initiated coverage of Sagimet Biosciences with a rating of Mkt Outperform and set a new price target of $30.00

      8/8/23 6:48:07 AM ET
      $SGMT
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    Sagimet Biosciences Inc. SEC Filings

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    • Sagimet Biosciences Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Sagimet Biosciences Inc. (0001400118) (Filer)

      5/8/25 6:05:59 AM ET
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    • SEC Form 10-Q filed by Sagimet Biosciences Inc.

      10-Q - Sagimet Biosciences Inc. (0001400118) (Filer)

      5/8/25 6:01:10 AM ET
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    • Sagimet Biosciences Inc. filed SEC Form 8-K: Leadership Update

      8-K - Sagimet Biosciences Inc. (0001400118) (Filer)

      4/30/25 4:29:19 PM ET
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    • SEC Form DEF 14A filed by Sagimet Biosciences Inc.

      DEF 14A - Sagimet Biosciences Inc. (0001400118) (Filer)

      4/30/25 4:26:55 PM ET
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    • SEC Form S-8 filed by Sagimet Biosciences Inc.

      S-8 - Sagimet Biosciences Inc. (0001400118) (Filer)

      3/12/25 8:33:00 AM ET
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    • SEC Form S-8 filed by Sagimet Biosciences Inc.

      S-8 - Sagimet Biosciences Inc. (0001400118) (Filer)

      3/12/25 8:32:02 AM ET
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    • Sagimet Biosciences Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Sagimet Biosciences Inc. (0001400118) (Filer)

      3/12/25 7:35:34 AM ET
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    • SEC Form 10-K filed by Sagimet Biosciences Inc.

      10-K - Sagimet Biosciences Inc. (0001400118) (Filer)

      3/12/25 7:30:36 AM ET
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    • Sagimet Biosciences Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

      8-K - Sagimet Biosciences Inc. (0001400118) (Filer)

      3/11/25 8:05:38 AM ET
      $SGMT
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    • Sagimet Biosciences Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

      8-K - Sagimet Biosciences Inc. (0001400118) (Filer)

      2/14/25 4:15:26 PM ET
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    Sagimet Biosciences Inc. Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

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    • Chief Medical Officer Martins Eduardo Bruno was granted 34,000 units of Series A Common Stock, increasing direct ownership by 42% to 115,213 units (SEC Form 4)

      4 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      2/7/25 4:44:52 PM ET
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    • President & CEO Happel David was granted 116,000 units of Series A Common Stock, increasing direct ownership by 18% to 755,200 units (SEC Form 4)

      4 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      2/7/25 4:43:56 PM ET
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    • General Counsel and CCO Rozek Elizabeth was granted 34,000 units of Series A Common Stock, increasing direct ownership by 21% to 194,506 units (SEC Form 4)

      4 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      2/7/25 4:42:54 PM ET
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    • Chief Financial Officer Chauche Thierry was granted 17,000 units of Series A Common Stock (SEC Form 4)

      4 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      2/7/25 4:41:47 PM ET
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    • SEC Form 4 filed by Director Jarrett Jennifer

      4 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      8/5/24 4:09:40 PM ET
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    • SEC Form 4 filed by Director Phillips Anne M.

      4 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      8/5/24 4:08:24 PM ET
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    • SEC Form 3 filed by new insider Jarrett Jennifer

      3 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      8/5/24 4:06:44 PM ET
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    • SEC Form 3 filed by new insider Phillips Anne M.

      3 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      8/5/24 4:05:14 PM ET
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    • Executive Chairman Kemble George sold $74,830 worth of Series A Common Stock (23,625 units at $3.17), decreasing direct ownership by 17% to 118,693 units (SEC Form 4)

      4 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      7/25/24 4:05:09 PM ET
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    • Chief Medical Officer Martins Eduardo Bruno sold $25,910 worth of Series A Common Stock (8,357 units at $3.10), decreasing direct ownership by 9% to 81,213 units (SEC Form 4)

      4 - Sagimet Biosciences Inc. (0001400118) (Issuer)

      7/23/24 4:06:24 PM ET
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    Sagimet Biosciences Inc. Financials

    Live finance-specific insights

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    • Sagimet Biosciences Reports Second Quarter 2024 Financial Results and Provides Corporate Updates

      Denifanstat Phase 2b FASCINATE-2 clinical trial 52-week data was presented in June at the European Association for the Study of the Liver (EASL) Congress Preparations are ongoing to initiate a Phase 3 clinical development program for denifanstat in patients with metabolic dysfunction-associated steatohepatitis (MASH) in the second half of 2024 Two biotechnology industry leaders, Anne Phillips and Jennifer Jarrett, joined the Board of Directors effective August 1, 2024 Anticipated cash runway through 2025 with cash, cash equivalents and marketable securities totaling $188.5 million as of June 30, 2024 SAN MATEO, Calif., Aug. 14, 202

      8/14/24 8:00:00 AM ET
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    • Sagimet Biosciences to Host Conference Call and Webcast to Discuss Recently Presented Data from ITT and F3 Patient Population in Phase 2b FASCINATE-2 Clinical Trial of Denifanstat

      SAN MATEO, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. ((Sagimet, NASDAQ:SGMT), a clinical-stage biopharmaceutical company developing novel fatty acid synthase (FASN) inhibitors designed to target dysfunctional metabolic and fibrotic pathways, today announced that it will host a conference call and webcast on Thursday, June 13, 2024, at 9.30 AM PT / 12:30 PM ET. The event will feature Rohit Loomba, M.D., M.H.Sc., Professor of Medicine, Chief, Division of Gastroenterology and Hepatology, and Director, MASLD Research Center, University of California San Diego, who was the Principal Investigator on the Phase 2b FASCINATE-2 clinical trial and serves as a scientific advi

      6/10/24 8:00:00 AM ET
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