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Sagiment Biosciences Inc

Sagiment Biosciences Inc (SGMT)

3.89
-0.06
(-1.52%)
Closed June 21 3:00PM
3.82
-0.07
(-1.80%)
After Hours: 5:40PM

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Monksdream Monksdream 2 months ago
SGMT under $5
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AGORDON AGORDON 4 months ago
Sagimet Biosciences (Nasdaq: SGMT $6.25)
Buy recommendation.

Market cap = $199M
Cash = $210M+ (Just raised $112M through a secondary offering)
Estimated cash burn = ($25)/year
Lead product = Denifanstat an oral, once daily pill and selective first-in-class FASN inhibitor in development for the treatment of nonalcoholic steatohepatitis (NASH).
Jan. 22, 2024 announced positive topline results from Phase 2b clinical trial of Denifanstat in Biopsy-confirmed F2/FS NASH.
The results are comparable to Madrigal's Resmitiron.
Ascletis collaboration agreement = Potential $122M in milestone payments as well as tiered royalties ranging from percentages in the high single digits to mid-teens on future net sales of Denifanstat, which is referred to as ASC40 in Greater China
Most AEs (adverse events) were Grade 1 or 2 (mild to moderate). There were no Grade 3 AEs.
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eneels01 eneels01 5 months ago
See if $10 level holds. MC could drift upward later this year towards $1B area as company is similar to ETNB…
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dinogreeves dinogreeves 5 months ago
Yup, got out at 16.25, thought they had enough in the coffers to push through this year. It was a good score while it lasted.
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TheFinalCD TheFinalCD 5 months ago
Sagimet Biosciences Announces Pricing of Public Offering of Series A Common Stock
https://newsfilter.io/articles/sagimet-biosciences-announces-pricing-of-public-offering-of-series-a-common-stock-c3511595df124183e48b41923f34e655

Sagimet Biosciences Announces Proposed Public Offering of Series A Common Stock
https://ir.sagimet.com/news-releases/news-release-details/sagimet-biosciences-announces-proposed-public-offering-series
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gail gail 5 months ago
congrats!
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dinogreeves dinogreeves 5 months ago
Only down 5% for after hours. Nothing to sweat over.
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dinogreeves dinogreeves 5 months ago
Three nice winners in my circle.
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dinogreeves dinogreeves 5 months ago
Looks like another run tomorrow.
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gail gail 5 months ago
that was fun! i love β€œbar charts as…

…

” i get a lot of good leads from that free website.
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gail gail 5 months ago
hey dino, looks like we got a runner here, weeeee!!
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gail gail 5 months ago
grabbed a few on the dip. hi all.
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dinogreeves dinogreeves 5 months ago
Looks like easy 500% gainer today.
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dinogreeves dinogreeves 5 months ago
What a great move and Baker Brothers in it, I simply got lucky at 11.38 with 2500 shares. Looks like billion dollar market cap is going to fetched here real soon.
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Awl416 Awl416 5 months ago
That 20k block they filled at 9.69 before ripping

Yummy
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Awl416 Awl416 5 months ago
Sagimet Biosciences Announces Positive Topline Results from Phase 2b FASCINATE-2 Clinical Trial of Denifanstat in Biopsy-Confirmed F2/F3 NASH
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