Sagimet Biosciences Reports Full Year 2024 Financial Results and Provides Corporate Updates
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Sagimet Biosciences Inc. (Nasdaq: SGMT) reported its full-year 2024 financial results and announced significant corporate updates. The company initiated a Phase 3 MASH program for Denifanstat, which received Breakthrough Therapy designation from the FDA. Additionally, Sagimet cleared an IND application for FASN Inhibitor TVB-3567, aimed at treating acne.
March 12, 2025 | 11:45 am
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Sagimet Biosciences reported its 2024 financial results and announced the initiation of a Phase 3 MASH program for Denifanstat, which received FDA Breakthrough Therapy designation. The company also cleared an IND for a new acne treatment.
The initiation of a Phase 3 program and FDA Breakthrough Therapy designation for Denifanstat are positive developments, likely boosting investor confidence. The IND clearance for a new acne treatment also suggests potential future revenue streams.
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