FeesSafety
Pluang+

Sagimet Biosciences doses first patient in Phase 3 trial of oral acne drug denifanstat in the U.S.

Market News
22 Oct 2026
GlobeNewsWire
View Source
Bullish
Sagimet Biosciences doses first patient in Phase 3 trial of oral acne drug denifanstat in the U.S.

Sagimet Biosciences has dosed the first patient in its AURORA Phase 3 clinical trial in the U.S. to test denifanstat, an oral drug for moderate to severe acne. The trial aims to enroll about 800 patients, including 450 adolescents, and will evaluate the drug's safety and efficacy over 12 weeks with a 40-week extension. If approved, denifanstat could become the first new oral acne treatment approved by the FDA in over 40 years, addressing a significant need for the 10 million Americans with moderate to severe acne. Topline results are expected in the second half of 2027.

Sagimet Biosciences' clinical trial progress is noted here with Health-sector market data for context. For readers following Health-sector stocks, 68 out of 150 US stocks rose while 75 fell. Notable movers include RXRX at USD 3.51 with 0% Sell / 100% Buy order activity, NUWE at USD 0.54 up 3.34%, and MEDP at USD 642.01 down 3.09%. This data is as of Oct 22, 2026 18:01 WIB.

More News

Analyst sets $650 price target for Meta amid concerns over rising AI spending.

Analyst sets $650 price target for Meta amid concerns over rising AI spending.

Scotiabank analyst Nat Schindler set a $650 price target for Meta Platforms, about 6.8% below its then-current price of $697.52. Despite Meta's strong revenue from Facebook, Instagram, and WhatsApp, investor concerns over increased artificial intelli...

Analyst Insights
Bearish
50 minutes ago
UBS keeps Buy on Berkshire Hathaway amid strong cash reserves and strategic investments.

UBS keeps Buy on Berkshire Hathaway amid strong cash reserves and strategic investments.

UBS maintains a Buy rating on Berkshire Hathaway's Class A shares, currently trading near $811,320. The company's diverse portfolio and substantial cash reserves of about $360 billion provide stability and investment flexibility. Investor confidence ...

Analyst Insights
Bullish
53 minutes ago
Barclays misses Q3 earnings estimates despite 12% profit rise and £500M buyback plan

Barclays misses Q3 earnings estimates despite 12% profit rise and £500M buyback plan

Barclays PLC reported Q3 2026 earnings with EPS of $0.66 and revenue of $9.86 billion, both slightly below analyst estimates. Pre-tax profit rose 12% year-over-year to £2.32 billion but missed forecasts due to a 19% decline in fixed-income revenue, p...

Company Fundamentals
Bearish
58 minutes ago
Comfort Systems USA expects strong Q3 2026 growth with $12.85 EPS and $3.4B revenue forecast.

Comfort Systems USA expects strong Q3 2026 growth with $12.85 EPS and $3.4B revenue forecast.

Comfort Systems USA is set to report strong Q3 2026 results, with analysts predicting earnings of $12.85 per share and revenue around $3.40 billion, driven by high demand in data centers and a record $14.06 billion backlog. The company showed robust ...

Company Fundamentals
Bullish
1 hour ago
Karman boosts AI compute by 60% at NexGen Cloud's Montreal data center using power orchestration tech

Karman boosts AI compute by 60% at NexGen Cloud's Montreal data center using power orchestration tech

Karman has enabled NexGen Cloud to increase AI compute capacity by 60% within the same power budget at its Montreal data center by using its AI-driven power orchestration platform. This technology allows 16 NVIDIA B300 servers to run within the power...

Market News
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App