JMP Securities raised the firm’s price target on Sagimet Biosciences to $47 from $31 and keeps an Outperform rating on the shares. Denifanstat hit both NASH resolution and fibrosis endpoints in its Phase 2b FASCINATE-2 trial, derisking Phase 3, the analyst tells investors in a research note. FASCINATE-2 paints a compelling profile for denifanstat in the NASH landscape, the firm argues.
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