Preview: Sagimet Biosciences Inc Set To IPO Tomorrow

Sagimet Biosciences Inc 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.

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