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Monday, April 27, 2026

Sagimet Biosciences prices $175M underwritten Series A stock offering at $6 to fund acne Phase 3

 

Sagimet Biosciences prices $175M underwritten Series A stock offering at $6 to fund acne Phase 3 trial, pipeline

  • Offering comprises 29.17 million shares of Series A common stock priced at $6.00 per share.
  • Company will prioritize dermatology programs and halt MASH development until non-dilutive funding is secured.
  • Plans a U.S. Phase 3 denifanstat acne trial in 2H 2026.

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