Mystery investors back a new NASH approach; GSK antibiotics sale triggers layoff fears
A mystery investor is backing a new late-stage effort to treat NASH, leading an $80 million crossover round for Sagimet Biosciences.
The Series F round was led by an “undisclosed public equity healthcare investment fund” and joined by Altium Capital, HM Capital, Invus, and PFM Health Sciences, Ascletis, Kleiner Perkins, New Enterprise Associates, and Rock Springs Capital. It comes on the heels of positive mid-stage data last June, when the company announced a 61% response rate in 30 patients and a median liver fat reduction of 28.2%.
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