Initiated Buy X

SGMT Sagimet Biosciences

Canaccord Genuity

$28

Initiated Outperform X

SGMT Sagimet Biosciences

Oppenheimer

$30

Initiated Buy X

SGMT Sagimet Biosciences

UBS

$12

Downgrades Buy Neutral X

SGMT Sagimet Biosciences

Goldman

$23 $6

Initiated Buy X

SGMT Sagimet Biosciences

H.C. Wainwright

$32

Initiated Outperform X

SGMT Sagimet Biosciences

Leerink Partners

$26

Initiated Buy X

SGMT Sagimet Biosciences

Goldman

$33

Initiated Mkt Outperform X

SGMT Sagimet Biosciences

JMP Securities

$30

Initiated Overweight X

SGMT Sagimet Biosciences

Piper Sandler

$67

Initiated Outperform X

SGMT Sagimet Biosciences

TD Cowen

SGMT  Sagimet Biosciences Inc.

Sagimet Biosciences Inc., a clinical-stage biopharmaceutical company, develops therapeutics called fatty acid synthase (FASN) inhibitors for the treatment of diseases that result from dysfunctional lipid metabolism pathways. Its lead drug candidate is Denifanstat, a FASN inhibitor for the treatment of nonalcoholic steatohepatitis and acne. The company is also developing TVB-3567, a FASN inhibitor for the treatment of various types of cancers. The company was formerly known as 3-V Biosciences, Inc. and changed its name to Sagimet Biosciences Inc. in August 2019. Sagimet Biosciences Inc. was incorporated in 2006 and is headquartered in San Mateo, California.