License Agreement grants Sagimet a global, exclusive license to innovative forms of resmetirom active pharmaceutical ingredient (API) developed by TAPI and covered by TAPI patent applicationsCollaboration supports Sagimet’s fixed-dose combination (FDC) program currently in clinical developmentSagimet’s Phase 1 pharmacokinetic (PK) trial of combination of denifanstat and resmetirom is underway with topline data anticipated by the end of 2025Sagimet anticipates selecting one of the innovative forms of resmeti ...

Core Insights - Sagimet Biosciences Inc. has granted an exclusive license for denifanstat to Ascletis Pharma Inc. for the treatment of moderate to severe acne in China, following the acceptance of its New Drug Application (NDA) by China's National Medical Products Administration (NMPA) [1][2] - Denifanstat is a once-daily oral small molecule fatty acid synthase (FASN) inhibitor, which has shown positive results in clinical trials for both acne and metabolic dysfunction associated steatohepatitis (MASH) [2][3] Company Overview - Sagimet Biosciences is focused on developing novel FASN inhibitors aimed at addressing dysfunctional metabolic and fibrotic pathways, particularly those linked to the overproduction of palmitate [3] - The company has successfully completed Phase 2b clinical trials for denifanstat in MASH and has partnered with Ascletis for its Phase 3 clinical trials in moderate-to-severe acne, where denifanstat met all primary and secondary endpoints [3] Clinical Development - Denifanstat has been well tolerated in clinical trials, with Ascletis' Phase 3 trial demonstrating success in treating moderate to severe acne vulgaris [2] - Sagimet is also testing a combination of denifanstat and resmetirom in a Phase 1 PK clinical trial, targeting cirrhotic patients with F4-stage MASH, and is developing a second oral FASN inhibitor, TVB-3567, which is currently in Phase 1 trials [3]

SAN MATEO, Calif., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. (Nasdaq: SGMT), a clinical-stage biopharmaceutical company developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways, today announced that, in connection with the hiring of three employees, the Compensation Committee of Sagimet’s Board of Directors approved inducement grants of 42,800 stock options in aggregate to purchase shares of the Company’s Series A common stock as determined based on the Black Sc ...

Sagimet Biosciences (NasdaqGM:SGMT) FY Conference December 02, 2025 12:55 PM ET Company ParticipantsEduardo Martins - CMODave Happel - CEORob D'Urso - Senior VP of New ProductsConference Call ParticipantsNone - AnalystNoneOkay, let's get started. Welcome, everybody. With me is the management team of Sagimet Biosciences. Gentlemen, welcome. We have Dave Happel, did I pronounce that correctly? Dave Happel, CEO; Eduardo Martins, CMO; and Rob D'Urso, Senior VP of New Products. Gentlemen, welcome. Thanks so much ...

Core Insights - Sagimet Biosciences Inc. is a clinical-stage biopharmaceutical company focused on developing novel therapeutics targeting dysfunctional metabolic and fibrotic pathways [1][3] Company Overview - Sagimet is developing FASN inhibitors aimed at conditions caused by the overproduction of the fatty acid palmitate [3] - Denifanstat, an oral medication, has successfully met all primary endpoints in its Phase 2b FASCINATE-2 clinical trial for MASH and in a Phase 3 clinical trial for moderate-to-severe acne in partnership with a licensee in China [3] - A combination therapy of denifanstat and resmetirom is currently undergoing a Phase 1 PK clinical trial, with plans for development in cirrhotic patients with F4-stage MASH [3] - TVB-3567, another oral FASN inhibitor, is in a Phase 1 first-in-human clinical trial for acne [3] Upcoming Events - Management will participate in the 8th Annual Evercore ISI Healthcare Conference on December 2, 2025, with a fireside chat scheduled for 12:55 PM ET [1] - A webcast of the event will be available on Sagimet's website, with an archived replay accessible for 90 days post-event [2]

Company Performance - Sagimet Biosciences Inc. reported a GAAP EPS loss of -$0.40 for Q3 2025, missing analyst expectations by $0.01 [1] - The company recorded a net loss of $12.91 million for the quarter [1] Market Reaction - The market reaction to the earnings report was negative, indicating a lack of forgiveness from investors [1] Analyst Background - The analyst has a Master's degree in Cell Biology and extensive experience in drug discovery, which informs their investment analysis [1] - The focus is on identifying promising biotechnology companies with innovative approaches, including novel mechanisms of action and first-in-class therapies [1] - The analyst emphasizes the importance of evaluating the science behind drug candidates, competitive landscape, clinical trial design, and market opportunities while balancing financial fundamentals [1]

Exhibit 99.1 Sagimet Biosciences Reports Third Quarter 2025 Financial Results and Provides Corporate Updates Phase 1 clinical trial to evaluate the PK of a combination of denifanstat and resmetirom ongoing with data readout expected 1H 2026 First-in-human Phase 1 clinical trial of FASN inhibitor TVB-3567 ongoing Ascletis announced completion of its pre-NDA consultation with China's NMPA and plans to submit an NDA for denifanstat in China for treatment of moderate-to-severe acne vulgaris San Mateo, Calif., N ...

Clinical Trials and Drug Development - Denifanstat met all primary and multiple secondary endpoints in the Phase 2b FASCINATE-2 clinical trial for MASH, showing a 49% improvement in fibrosis by ≥ 1 stage compared to 13% for placebo (p=0.0032) [83] - The Phase 3 trial of denifanstat in acne showed a treatment success rate of 33.2% compared to 14.6% for placebo (p<0.0001) [91] - Denifanstat demonstrated a statistically significant difference in progression to cirrhosis (F4) with 5% in the denifanstat group versus 11% in placebo (p=0.0386) [85] - The Phase 1 clinical trial of the combination of denifanstat and resmetirom is expected to provide topline data in the first half of 2026 [88] Financial Performance - Research and development expenses decreased by $2.9 million, or 23%, for the three months ended September 30, 2025, primarily due to a $5.4 million decrease in clinical development costs for the Phase 3 program of denifanstat in MASH [100] - Total operating expenses for the three months ended September 30, 2025, were $14.3 million, a decrease of 15% from $16.9 million in the same period of 2024 [100] - Other income decreased by $2.2 million, or 32%, for the nine months ended September 30, 2025, compared to the same period in 2024, primarily due to lower interest income from reduced cash and marketable securities balances [106] - Research and development expenses increased by $8.1 million, or 33%, for the nine months ended September 30, 2025, driven by a $5.3 million increase in clinical development costs related to denifanstat and TVB-3567 [103] - Total operating expenses rose by $9.9 million, or 27%, for the nine months ended September 30, 2025, compared to the same period in 2024 [103] - Net loss increased by $12.1 million, or 41%, for the nine months ended September 30, 2025, compared to the same period in 2024 [103] - Cash used in operating activities was $33.8 million for the nine months ended September 30, 2025, primarily for clinical development and manufacturing activities [120] - As of September 30, 2025, the company had cash, cash equivalents, and marketable securities totaling $125.5 million [111] - Net cash used in investing activities was $9.8 million for the nine months ended September 30, 2025, related to marketable securities purchases [123] Administrative Expenses - General and administrative expenses increased by $0.4 million, or 8%, for the three months ended September 30, 2025, primarily due to increased consulting and professional fees [100] - General and administrative expenses increased by $1.8 million, or 15%, for the nine months ended September 30, 2025, primarily due to higher stock-based compensation and consulting fees [105] Company Classification and Accounting Standards - The company is classified as an emerging growth company and can delay the adoption of new accounting standards until they apply to private companies [128] - The company will remain an emerging growth company until it has total annual gross revenues of $1.235 billion or more or until December 31, 2028 [129] - The company is also a smaller reporting company, with a market value of stock held by non-affiliates less than $700 million and annual revenue below $100 million [130] - The company may continue to rely on exemptions from certain disclosure requirements as a smaller reporting company [130] - The financial statements may not be comparable to those of companies that comply with new accounting pronouncements as of public company effective dates [128] - The company has elected to use the extended transition period for complying with new accounting standards until it is no longer an emerging growth company [128] - The company is not required to provide quantitative and qualitative disclosures about market risk as a smaller reporting company [132] - The company has adopted recently issued accounting pronouncements, details of which can be found in the notes to the financial statements [131] - Actual results could differ significantly from estimates made, indicating potential volatility in financial reporting [126] Future Expectations - The company anticipates substantial increases in research and development expenses as it advances drug candidates through clinical trials and regulatory approvals [96] - The company anticipates continuing to incur significant expenses as it advances drug candidates through clinical trials and expands corporate infrastructure [111] - The company has financed operations primarily through public and private equity and debt financings, raising $190.9 million from its IPO and follow-on offering [108]

Core Insights - Sagimet Biosciences is advancing its clinical trials for denifanstat and TVB-3567, targeting metabolic dysfunction and acne treatment, respectively [1][2][5] Clinical Development - A Phase 1 pharmacokinetic trial for the combination of denifanstat and resmetirom is ongoing, with data readout expected in the first half of 2026 [1][11] - The trial aims to evaluate the safety, tolerability, and potential drug-drug interactions of the combination in approximately 40 healthy adult participants [5] - Sagimet has initiated a Phase 1 trial for TVB-3567, another FASN inhibitor, aimed at treating acne [2][5] Corporate Updates - Ascletis Pharma has completed its pre-New Drug Application consultation with China's NMPA for denifanstat, planning to submit an NDA for moderate-to-severe acne vulgaris treatment [1][5] - Recent promotions within the company include Marie O'Farrell as Chief Scientific Officer and Liz Rozek as Chief Legal & Administrative Officer [5] Financial Performance - As of September 30, 2025, the company reported cash, cash equivalents, and marketable securities totaling $125.5 million [11] - Research and development expenses for the third quarter of 2025 were $9.7 million, a decrease from $12.7 million in the same period of 2024 [11] - The net loss for the third quarter of 2025 was $12.9 million, compared to a net loss of $14.6 million in the third quarter of 2024 [11][17] Market Context - MASH (metabolic dysfunction associated steatohepatitis) affects over 265 million people globally, with limited approved treatments for non-cirrhotic stages [9] - The U.S. acne market includes over 50 million individuals, with a significant need for effective chronic management options [10]

Summary of Sagimet Biosciences FY Conference Call Company Overview - **Company**: Sagimet Biosciences (NasdaqGM:SGMT) - **Industry**: Biopharmaceuticals, specifically focused on fatty acid synthase (FASN) inhibitors - **Key Product**: Denifanstat, a novel FASN inhibitor targeting conditions like MASH and acne [3][4] Core Points and Arguments Product Development and Clinical Trials - **Denifanstat**: A once-daily oral small molecule aimed at reducing fat accumulation, inflammation, and fibrosis in diseases dependent on FASN [4] - **MASH (Metabolic Dysfunction-Associated Steatotic Liver Disease)**: - Phase IIb study showed significant reductions in fat, inflammation, and fibrosis, particularly in F3 stage patients [5] - Patients were less than half as likely to progress to cirrhosis, indicating strong efficacy [5] - Phase I study in combination with resmetirom is ongoing, with results expected in the first half of next year [6][7] - **Acne Treatment**: - Partnered with Ascletis in China, showing 20% reduction in lesion count in moderate to severe acne patients [10] - Phase I study for a next-gen FASN inhibitor (TVB-3567) has commenced, with plans for a Phase II program in 2026 [11][22] Market Potential - **MASH Market**: Expected to triple or quadruple in size over the next decade, potentially becoming a cardiometabolic blockbuster market [26] - **Acne Market**: Approximately 50 million patients in the U.S. have acne, with 10-20% suffering from moderate to severe cases [27] - **Treatment Landscape**: Denifanstat is positioned as a unique fat inhibitor, complementing existing fat-burning therapies [26][28] Safety and Tolerability - Denifanstat has been evaluated in over 1,000 patients with no significant drug-induced liver injury or cardiovascular issues reported [14][15] - The safety profile is favorable, with only 7% of patients discontinuing due to treatment-related hair thinning, which is comparable to other treatments [16][18] Additional Important Information - **Combination Therapy**: The combination of denifanstat with resmetirom is expected to enhance treatment efficacy for cirrhosis patients [12][13] - **Regulatory Engagement**: Ascletis is preparing to submit data for approval to the NMPA in China [10] - **Future Milestones**: Focus on completing ongoing studies and initiating new ones for both MASH and acne treatments [24][25] This summary encapsulates the key insights from the Sagimet Biosciences FY Conference Call, highlighting the company's strategic focus on innovative treatments for MASH and acne, alongside their market potential and safety profile.