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Week of Expected Pricing 7/14/2023
Company Name SAGIMET BIOSCIENCES INC
Proposed Ticker SGMT
CUSIP 786700104
Business Description a clinical-stage biopharmaceutical company focused on developing a portfolio of internally-discovered, selective fatty acid synthase (FASN) inhibitors for the treatment of several diseases that result from the overproduction of the fatty acid, palmitate. Based on our clinical and preclinical data, we believe that our wholly-owned pipeline of oral FASN inhibitors has the potential to offer treatments for indications in several therapeutic areas of high unmet medical need including liver diseases and cancers. TVB-2640, which we are developing as an oral, once-daily pill, is our lead drug candidate that we selected from more than 1,200 compounds in our library of FASN inhibitors and has been studied in over 260 subjects, including healthy volunteers and patients with non-alcoholic steatohepatitis (NASH) or cancer.
Lead Underwriter Cowen and Company, LLC, Goldman Sachs & Co. LLC, Piper Sandler & Co
Co-Managers JMP Securities LLC
Initial Shares 46,87,500
Revised Initial Shares 5,312,500
Initial Price $15.00-$17.00
Revised Price $16.00-$16.00
Final Price $16.00
Final Ticker SGMT

 

 

   
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