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  • Sagimet priced an underwritten offering of Series A common stock and pre-funded warrants, raising about $115 million before expenses.
  • The financing package combines Series A common stock with pre-funded warrants.
  • Proceeds will fund a Phase 3 clinical trial of denifanstat for acne.
  • Funds will support pre-launch activities and advance pipeline programs including TVB-3567 and a topical FASN inhibitor.
  • Remaining proceeds are designated for general corporate purposes.
  • The $115 million financing should extend Sagimet's cash runway and lower near-term funding risk for its clinical programs.

Latest Articles

Cytokinetics CEO Robert Blum Executes Stock Sale Under Pre-Arranged Plan

Cytokinetics CEO Robert Blum Executes Stock Sale Under Pre-Arranged Plan

Robert I. Blum, President and Chief Executive Officer of Cytokinetics Inc. (NASDAQ:CYTK), executed a sale of 7,500 shares of the company’s common stock on July 1, 2026. The transaction, valued at approximately $636,900 at a price of $84.92 per share, was conducted under a Rule 10b5-1 trading plan. Following this sale, Mr. Blum retains direct owners…

Moscow Stocks Slide as Mining, Energy and Power Weigh on MOEX

Moscow Stocks Slide as Mining, Energy and Power Weigh on MOEX

Russian equities closed lower on Thursday, with the MOEX Russia Index declining 3.63% as losses in Oil & Gas, Mining and Power sectors pushed the market down. Decliners outnumbered advancers by a wide margin, several large-cap names recorded multi-year or all-time lows, and implied volatility on the MOEX rose modestly. Commodity prices were mixed w…

Osprey Acquisition Corp. III Raises $300.15 Million in Nasdaq IPO

Osprey Acquisition Corp. III Raises $300.15 Million in Nasdaq IPO

Osprey Acquisition Corp. III completed an initial public offering of 30,015,000 units at $10.00 per unit, generating $300.15 million in gross proceeds, including the full exercise of the underwriters' over-allotment option. Units began trading on the Nasdaq Global Market on July 1, 2026 under the ticker OSPRU. Proceeds from the IPO and a concurrent…

Optical Cable Director Offloads $470K in Shares Amid Valuation Concerns

Optical Cable Director Offloads $470K in Shares Amid Valuation Concerns

Optical Cable Corp (NASDAQ:OCC) director Craig H. Weber executed a significant stock sale on June 29, 2026, liquidating 24,300 shares for $470,406. The transaction, clarified through an amended Form 4 filing, occurred after a period of extraordinary stock appreciation, despite internal valuation metrics suggesting the shares are trading above their…

DHS Investigates Cyber Intrusion on Unnamed Information-Sharing Network

DHS Investigates Cyber Intrusion on Unnamed Information-Sharing Network

The U.S. Department of Homeland Security has acknowledged an investigation into a cyber intrusion that targeted an unclassified, legacy information-sharing network. DHS provided limited public detail, while media reporting and unnamed sources indicate the Homeland Security Information Network may have been affected, with the incident possibly occur…

Kinross to announce Q2 results on July 29, 2026

Kinross to announce Q2 results on July 29, 2026

Kinross Gold Corporation, a leading global gold mining company, announced it will release its Q2 2026 financial results after market close on July 29, 2026, followed by a conference call and webcast on July 30. The company operates internationally including in the US and maintains listings on both the Toronto and New York Stock Exchanges.

Canadian Malartic

Canadian Malartic

OR Royalties Inc. reported that its operating partner Agnico Eagle Mines Limited experienced a rock mass movement in the Barnat open pit at the Canadian Malartic Complex, causing a temporary suspension of mining operations in this pit. The event is expected to reduce gold production at the site by up to 80,000 ounces in 2026 and potentially up to 1…

ITG, Inc. Completes $323.4 Million Nasdaq IPO at $16 a Share

ITG, Inc. Completes $323.4 Million Nasdaq IPO at $16 a Share

ITG, Inc. closed an initial public offering of 22,439,025 shares of Class A common stock at $16.00 per share, including the full exercise of underwriters' option for 2,926,829 additional shares. The company began trading on the Nasdaq Global Select Market on July 1, 2026 and reported net proceeds of about $323.4 million, which it intends to use to …