Sagimet Biosciences Announces Pricing of $175.0 Million Underwritten Offering of Series A Common Stock
Sagimet Biosciences has priced an underwritten offering of 29.17 million Series A common stock shares at $6.00 each, aiming to raise approximately $175 million. The proceeds will fund late-stage clinical trials including a Phase 3 study for denifanstat in moderate to severe acne, advance pipeline candidates through Phase 2 results, and support gene…