SGMT

Sagiment Biosciences Inc

NASDAQ

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SGMT

Sagiment Biosciences Inc

NASDAQ

Add Alert

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AGORDON

03/04/24 9:20 PM

Post #15

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.

eneels01

01/30/24 7:45 PM

Post #14

See if $10 level holds. MC could drift upward later this year towards $1B area as company is similar to ETNB…

dinogreeves PremiumMember

01/25/24 9:42 PM

Post #13

Re: #12: @TheFinalCD - Sagimet Biosciences Announces Pricing of Public Offering of

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.

TheFinalCD PremiumMember

01/25/24 9:04 PM

Post #12

Re: #10: @dinogreeves - Only down 5% for after hours. Nothing to

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

gail

01/22/24 9:02 PM

Post #11

Re: #9: @dinogreeves - Three nice winners in my circle.

congrats!

dinogreeves PremiumMember

01/22/24 4:48 PM

Post #10

Only down 5% for after hours. Nothing to sweat over.

dinogreeves PremiumMember

01/22/24 3:47 PM

Post #9

Three nice winners in my circle.

dinogreeves PremiumMember

01/22/24 3:33 PM

Post #8

Re: #7: @gail - that was fun! i love “bar charts as…

Looks like another run tomorrow.

gail

01/22/24 1:52 PM

Post #7

Re: #6: @gail - hey dino, looks like we got a runner

that was fun! i love “bar charts as…

…

” i get a lot of good leads from that free website. smile

gail

01/22/24 1:30 PM

Post #6

Re: #4: @dinogreeves - Looks like easy 500% gainer today.

hey dino, looks like we got a runner here, weeeee!!

Bullish

gail

01/22/24 11:47 AM

Post #5

Re: #4: @dinogreeves - Looks like easy 500% gainer today.

grabbed a few on the dip. hi all. wink

Bullish

dinogreeves PremiumMember

01/22/24 9:50 AM

Post #4

Looks like easy 500% gainer today.

dinogreeves PremiumMember

01/22/24 9:42 AM

Post #3

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.