Sagimet Biosciences Announces Appointment Of Thierry Chauche As Chief Financial Officer, Effective May 6, 2024
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Sagimet Biosciences Inc. (NASDAQ:SGMT) announced the appointment of Thierry Chauche as Chief Financial Officer, effective May 6, 2024. Chauche brings over twenty years of experience in the biopharmaceutical sector, including roles at Provention Bio and Alexion Pharmaceuticals. His expertise in corporate finance, strategy, and M&A is expected to support Sagimet's advancement of denifanstat into Phase 3 development following promising Phase 2b results.
May 06, 2024 | 12:03 pm
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The appointment of Thierry Chauche as CFO of Sagimet Biosciences is expected to positively impact the company's financial and strategic planning, particularly as it advances denifanstat into Phase 3 development.
Chauche's extensive experience in finance and strategic planning in the biopharmaceutical sector, including his role in a $2.9Bn acquisition and a transformational therapeutic launch, suggests a positive impact on Sagimet's financial health and strategic direction. His background aligns with Sagimet's current needs as it prepares for critical Phase 3 development, potentially enhancing investor confidence and facilitating future financing and strategic partnerships.
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