Preview: Sagimet Biosciences Inc Set To IPO Tomorrow

Sagimet Biosciences Inc (NASDAQ:SGMT) IPO will take place July, 14 on the NASDAQ exchange under the ticker SGMT.…

Sagimet Biosciences Inc (NASDAQ:SGMT) IPO will take place July, 14 on the NASDAQ exchange under the ticker SGMT.

The company is offering shares at an expected price between $15.00 and $17.00 per share with an insider lock-up period of 180 days ending on January 10, 2024.

See also: Benzinga IPO Calendar

About Sagimet Biosciences Inc

Sagimet Biosciences Inc a clinical-stage biopharmaceutical company developing novel therapeutics called fatty acid synthase (FASN) inhibitors that target dysfunctional metabolic pathways in diseases resulting from the overproduction of the fatty acid, palmitate.

See also: Benzinga’s Most Shorted Stocks

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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