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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