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Sagimet to present 52-week denifanstat acne trial data at Las Vegas conference

Fri, 09 Oct 2026 07:00:46 -0400

Sagimet Biosciences Inc. (Nasdaq: SGMT) announced it will present 52-week clinical results from a Phase 3 open-label extension trial of denifanstat in moderate to severe acne vulgaris at the 2026 Fall Clinical Dermatology Conference, held October 8–11 in Las Vegas, Nevada.

The data come from trial ASC40-304, conducted in China by Sagimet's license partner Ascletis BioScience Co. Ltd. The open-label extension enrolled 240 patients who had previously completed the 12-week, placebo-controlled Phase 3 trial ASC40-303. Participants received oral denifanstat 50 mg once daily for up to 40 additional weeks, bringing total exposure to up to 52 weeks for those originally assigned

Sagimet to present 52-week denifanstat acne trial data at Las Vegas conference

Fri, 09 Oct 2026 07:00:20 -0400

Sagimet Biosciences Inc. (Nasdaq: SGMT) announced it will present 52-week results from a Phase 3 open-label extension trial of denifanstat in moderate to severe acne vulgaris at the 2026 Fall Clinical Dermatology Conference, held October 8–11 in Las Vegas, Nevada.

The data come from the ASC40-304 trial conducted in China by Sagimet's license partner, Ascletis BioScience Co. Ltd. The trial enrolled 240 patients who had previously participated in the 12-week, double-blind, placebo-controlled Phase 3 ASC40-303 trial. Participants received oral denifanstat 50 mg once daily for up to 40 additional weeks, for a total treatment duration of up to 52 weeks.

According to

Sagimet To Present Positive Full 52-Week Results from License Partner Ascletis' Phase 3 Open-Label Extension Clinical Trial of Denifanstat in Acne and Mechanistic Data at the 2026 Fall Clinical Dermat

Fri, 09 Oct 2026 07:00:00 -0400

Denifanstat showed continued improvement and sustained efficacy across all efficacy endpoints through 52 weeks, including 57% IGA success, 72% reduction in total lesions, and 77% reduction in inflammatory lesions, and was generally well-tolerated
Clinical findings and preclinical mechanistic evidence support FASN inhibition as a novel oral therapeutic approach targeting key aspects of acne pathogenesis
AURORA U.S. Phase 3 trial screening patients, with sites activated and IRB approvals in place

FOSTER CITY, Calif., Oct. 09, 2026 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. (Nasdaq: SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways,

Sagimet To Present Positive Full 52-Week Results from License Partner Ascletis' Phase 3 Open-Label Extension Clinical Trial of Denifanstat in Acne and Mechanistic Data at the 2026 Fall Clinical Dermat

Fri, 09 Oct 2026 07:00:00 -0400

Denifanstat showed continued improvement and sustained efficacy across all efficacy endpoints through 52 weeks, including 57% IGA success, 72% reduction in total lesions, and 77% reduction in inflammatory lesions, and was generally well-tolerated
Clinical findings and preclinical mechanistic evidence support FASN inhibition as a novel oral therapeutic approach targeting key aspects of acne pathogenesis
AURORA U.S. Phase 3 trial screening patients, with sites activated and IRB approvals in place

Sagimet To Present Positive Full 52-Week Results from License Partner Ascletis' Phase 3 Open-Label Extension Clinical Trial of Denifanstat in Acne and Mechanistic Data at the 2026 Fall Clinical D

Fri, 09 Oct 2026 07:00:00 -0400

Denifanstat showed continued improvement and sustained efficacy across all efficacy endpoints through 52 weeks, including 57% IGA success, 72% reduction in total lesions, and 77% reduction in inflammatory lesions, and was generally well-tolerated
Clinical findings and preclinical mechanistic evidence support FASN inhibition as a novel oral therapeutic approach targeting key aspects of acne pathogenesis
AURORA U.S. Phase 3 trial screening patients, with sites activated and IRB approvals in place

Sagimet To Present Positive Full 52-Week Results from License Partner Ascletis' Phase 3 Open-Label Extension Clinical Trial of Denifanstat in Acne and Mechanistic Data at the 2026 Fall Clinical D

Fri, 09 Oct 2026 07:00:00 -0400

Denifanstat showed continued improvement and sustained efficacy across all efficacy endpoints through 52 weeks, including 57% IGA success, 72% reduction in total lesions, and 77% reduction in inflammatory lesions, and was generally well-tolerated
Clinical findings and preclinical mechanistic evidence support FASN inhibition as a novel oral therapeutic approach targeting key aspects of acne pathogenesis
AURORA U.S. Phase 3 trial screening patients, with sites activated and IRB approvals in place

Form SCHEDULE 13G Sagimet Biosciences Inc. Filed by: Commodore Capital LP

Wed, 07 Oct 2026 18:28:00 -0400

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Sagimet Biosciences Inc (SGMT) PT Raised to $26 at Guggenheim

Fri, 02 Oct 2026 06:50:05 -0400

(Updated - October 2, 2026 6:50 AM EDT)

Guggenheim analyst Seamus Fernandez raised the price target on Sagimet Biosciences Inc (NASDAQ: SGMT) to $26.00 (from $25.00) while maintaining a Buy rating.

The analyst commented: "With the denifanstat acne Phase 3 study planned to kick off later this month, we remain enthusiastic about SGMT as a TOP PICK for 2027. Our conviction is anchored in several key pillars: (1) the oral acne market opportunity is significant and underappreciated, centered on the growing push to replace oral antibiotics as standard of-care in moderate-to-severe acne; (2) the planned single U.S. AURORA Phase 3 trial is

Sagimet Biosciences Inc (SGMT) PT Raised to $26 at Guggenheim

Fri, 02 Oct 2026 06:50:05 -0400

(Updated - October 2, 2026 6:50 AM EDT)

Guggenheim analyst Seamus Fernandez raised the price target on Sagimet Biosciences Inc (NASDAQ: SGMT) to $26.00 (from $25.00) while maintaining a Buy rating.

Sagimet Biosciences closes $115M stock and warrant offering

Thu, 01 Oct 2026 16:31:42 -0400

Sagimet Biosciences Inc. (Nasdaq: SGMT) closed an underwritten public offering that raised approximately $115.0 million in gross proceeds, before underwriting discounts, commissions, and other expenses, according to a press release.

The offering consisted of 8,750,010 shares of Series A common stock priced at $10.00 per share. Certain investors received pre-funded warrants to purchase 2,750,010 shares at $9.9999 per warrant, with an exercise price of $0.0001 per share. The pre-funded warrants are exercisable immediately. All securities were sold by Sagimet.

The financing was led by Commodore Capital, with participation from RA Capital Management, Spruce Street Capital, BVF Partners L.P., Aberdeen Investments, Columbia Threadneedle

Sagimet Biosciences closes $115M stock and warrant offering

Thu, 01 Oct 2026 16:31:42 -0400

The financing was led by Commodore Capital, with participation from RA Capital Management, Spruce Street Capital, BVF Partners L.P., Aberdeen Investments, Columbia Threadneedle

Sagimet Biosciences Announces Closing of Underwritten Offering of Series A Common Stock and Pre-Funded Warrants

Thu, 01 Oct 2026 16:31:00 -0400

FOSTER CITY, Calif., Oct. 01, 2026 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. (Nasdaq: SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today announced the closing of its previously announced underwritten offering of 8,750,010 shares of its Series A common stock at a price of $10.00 per share, or for certain investors that so chose, in lieu of shares of Series A common stock, pre-funded warrants to purchase 2,750,010 shares of its Series A common stock (the “Pre-Funded Warrants”) at a price of $9.9999 per Pre-Funded Warrant. The Pre-Funded Warrants have an

Sagimet Biosciences Announces Closing of Underwritten Offering of Series A Common Stock and Pre-Funded Warrants

Thu, 01 Oct 2026 16:31:00 -0400

Sagimet Biosciences (SGMT) Reiterated at Overweight by Cantor Fitzgerald

Thu, 01 Oct 2026 07:05:26 -0400

Cantor Fitzgerald analyst Yanni Souroutzidis reiterated an Overweight rating on Sagimet Biosciences Inc (NASDAQ: SGMT).

The analyst commented, "Three-quarters of patients completed the extension: completers saw total and inflammatory lesion counts fall by ~75% and ~80%, respectively, from the ASC40-303 baseline. Safety remained clean: no permanent discontinuations for adverse events and no drug-related serious adverse events. Over the 52 weeks, treatment-related dry skin ran at ~7% and dry eye at ~6%. A ~$115M gross offering: ~8.75M shares at $10/sh plus pre-funded warrants for ~2.75M shares, led by Commodore Capital and other notable funds Today's update is in line with our expectations.

Form 8-K Sagimet Biosciences Inc. For: Sep 30

Thu, 01 Oct 2026 06:02:00 -0400

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Form 424B5 Sagimet Biosciences Inc.

Thu, 01 Oct 2026 06:02:00 -0400

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Sagimet Biosciences Inc (SGMT) PT Lowered to $27 at Citizens on Dilution From Concurrent Financing

Thu, 01 Oct 2026 04:17:50 -0400

Citizens analyst Jonathan Wolleben lowered the price target on Sagimet Biosciences Inc (NASDAQ: SGMT) to $27.00 (from $29.00) while maintaining a Market Outperform rating.

The analyst commented, "Ascletis' Phase 3 results substantially derisk SGMT’s U.S. Phase 3 AURORA trial which is starting patient screening in October and is evaluating the same denifanstat dose, in a similar population, with the same endpoints but with substantially greater powering (~800 patients randomized 2:1 vs. 480 patients randomized 1:1). The long-term data support denifanstat’s clean safety and chronic use, which we view as a key differentiator from isotretinoin and oral antibiotics. Denifanstat has the potential

Sagimet Biosciences Inc (SGMT) PT Lowered to $27 at Citizens on Dilution From Concurrent Financing

Thu, 01 Oct 2026 04:17:50 -0400

Citizens analyst Jonathan Wolleben lowered the price target on Sagimet Biosciences Inc (NASDAQ: SGMT) to $27.00 (from $29.00) while maintaining a Market Outperform rating.

Sagimet Biosciences Inc (SGMT) PT Raised to $38 at Oppenheimer

Wed, 30 Sep 2026 16:08:38 -0400

Oppenheimer analyst Jay Olson raised the price target on Sagimet Biosciences Inc (NASDAQ: SGMT) to $38.00 (from $33.00) while maintaining a Outperform rating.

The analyst comments "SGMT/Ascletis presented full 52-week Ph3 OLE data for denifanstat (deni) in moderate-to-severe acne at EADV and hosted a KOL event. We view the results as incrementally encouraging, particularly around continued efficacy improvement with longer treatment and durable safety. IGA success increased from 33% at Week 12 to ~58% at the end of the OLE, while total/inflammatory lesion reductions similarly improved from 57%/64% to 73%/78%, respectively. Importantly, longer exposure did not appear to compromise tolerability, with

Sagimet Biosciences Inc (SGMT) PT Raised to $38 at Oppenheimer

Wed, 30 Sep 2026 16:08:38 -0400

Oppenheimer analyst Jay Olson raised the price target on Sagimet Biosciences Inc (NASDAQ: SGMT) to $38.00 (from $33.00) while maintaining a Outperform rating.

Sagimet stock surges on positive acne trial data

Wed, 30 Sep 2026 09:21:32 -0400

Investing.com -- Sagimet Biosciences Inc Series A (NASDAQ:SGMT) shares rose over 12% in premarket trading Wednesday following positive 52-week results from its license partner Ascletis' Phase 3 open-label extension trial of denifanstat for moderate to severe acne.

The trial showed denifanstat achieved a 57% treatment success rate, with a 72% reduction in total lesions and 77% reduction in inflammatory lesions after 52 weeks of treatment. The drug was generally well-tolerated, with no adverse event-related permanent discontinuations.

In the Phase 3 open-label extension trial, 240 patients with moderate to severe acne received denifanstat for up to 52 weeks, including 124 patients who

Sagimet stock surges on positive acne trial data

Wed, 30 Sep 2026 09:21:32 -0400

In the Phase 3 open-label extension trial, 240 patients with moderate to severe acne received denifanstat for up to 52 weeks, including 124 patients who

Sagimet prices $115M stock and warrant offering on Nasdaq

Wed, 30 Sep 2026 06:22:24 -0400

Sagimet Biosciences Inc. (Nasdaq: SGMT) announced the pricing of an underwritten public offering of 8,750,010 shares of its Series A common stock at $10.00 per share, with an option for certain investors to purchase pre-funded warrants instead, priced at $9.9999 each, to acquire 2,750,010 shares.

The pre-funded warrants carry an exercise price of $0.0001 per share and are exercisable immediately. Expected gross proceeds from the offering are approximately $115.0 million, before underwriting discounts, commissions, and other expenses. The offering is expected to close on or about October 1, 2026, subject to customary closing conditions.

Commodore Capital is leading the financing, with participation

Sagimet prices $115M stock and warrant offering on Nasdaq

Wed, 30 Sep 2026 06:22:24 -0400

Commodore Capital is leading the financing, with participation

Sagimet prices $115M stock and warrant offering on Nasdaq

Wed, 30 Sep 2026 06:22:24 -0400

Commodore Capital is leading the financing, with participation