Sagimet Biosciences Q4 net loss narrows as R&D expenses fall

Overview

• U.S. biopharma firm's Q4 net loss narrowed yr/yr

• Q4 research and development expense declined from prior year

• Company completed Phase 1 trial for denifanstat/resmetirom combo and saw positive Phase 3 acne data from partner

Outlook

• Sagimet plans Phase 2 denifanstat/resmetirom trial in F4 MASH patients in 2H 2026

• Company expects to start Phase 2 TVB-3567 acne trial in 2026, pending Phase 1 completion

Result Drivers

• R&D SPENDING - Q4 research and development expense declined by 52.6% yr/yr to $6.7 mln, contributing to a narrower net loss

Company press release: ID:nGNX7NkT6k

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the biotechnology & medical research peer group is "buy"

• Wall Street's median 12-month price target for Sagimet Biosciences Inc is $27.00, about 388.2% above its March 10 closing price of $5.53

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