Sagiment Biosciences Inc (SGMT) Options

Anyone know why this has been tanking so bad the last couple weeks?

SGMT under $5

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.

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

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.

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

congrats!

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

Three nice winners in my circle.

Looks like another run tomorrow.

that was fun! i love “bar charts as…

…

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

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

grabbed a few on the dip. hi all.

Looks like easy 500% gainer today.

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.

That 20k block they filled at 9.69 before ripping

Yummy

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