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Sagimet Biosciences (SGMT) investor relations material

Sagimet Biosciences Evercore ISI 8th Annual HealthCONx Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Evercore ISI 8th Annual HealthCONx Conference summary2 Dec, 2025

Business overview and strategic direction

  • Focused on advancing a differentiated FASN inhibitor for MASH and acne, with rapid progress in both indications.

  • Lead molecule, Denifenstat, targets fat, inflammation, and fibrosis, showing unique efficacy compared to competitors.

  • Shifted from virology/oncology to metabolic diseases after promising early data and market changes.

  • Combination therapy with resmetirom is a key future strategy, especially for advanced MASH.

  • Next-gen molecule for acne is being developed to optimize commercial and IP opportunities.

Clinical development and data highlights

  • Phase IIB data in MASH showed strong fibrosis improvement, especially in advanced (F3/F4) patients.

  • 11 of 13 F4 patients had one or two-stage fibrosis improvement.

  • Combination with resmetirom demonstrated enhanced anti-fibrotic and anti-inflammatory effects in preclinical studies.

  • Phase I DDI PK study with resmetirom is concluding, with phase II planned for next year.

  • Acne studies in China showed ~20% placebo-adjusted lesion reduction; regulatory submission underway.

Regulatory and commercialization plans

  • Denifenstat received breakthrough designation for F2/F3 MASH; phase III is ready but pending $400M funding.

  • Combination therapy patent filed, expected to extend protection to 2044.

  • Next-gen acne molecule patent pending, potentially protected until 2046.

  • U.S. acne program will seek FDA guidance in 2026 on leveraging Chinese phase III data.

  • Royalty and milestone payments from Chinese partner Ascletis could total ~$120M.

MASH F2/F3 Phase III funding strategy
MASH combo IP: Freedom to operate with Madrigal
Rationale for next-gen acne molecule TVB-3567
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Frequently asked questions

Sagimet Biosciences Inc., previously known as 3-V Biosciences, Inc., is a clinical-stage biopharmaceutical company. It focuses on developing innovative therapeutics called fatty acid synthase (FASN) inhibitors. These inhibitors target diseases caused by the overproduction of the fatty acid, palmitate, including non-alcoholic steatohepatitis (NASH), acne, and various forms of cancer. Sagimet Biosciences' expertise in fatty acid synthase allows it to pioneer treatments for these diseases by targeting dysfunctional metabolic pathways. Its lead product candidate, denifanstat, is an oral, once-daily selective FASN inhibitor, currently being evaluated in clinical trials for patients with NASH. The company was incorporated in 2006 and is headquartered in San Mateo, California, USA. Its shares are listed on the Nasdaq.

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