** JonesTrading starts coverage on drug developer Sagimet Biosciences SGMT.O with "buy" rating, sets PT at $42
** PT represents 900% upside to stock's last close
** Brokerage says co's experimental drug, denifanstat, is "overlooked potential" in treating metabolic dysfunction-associated steatohepatitis (MASH)
** MASH is a severe liver disease caused by fat buildup, leading to inflammation and damage
** JonesTrading notes denifanstat has " best-in-disease potential for fibrosis improvement as GLP-1 combo" with "well-derisked lead asset" in expanding market
** Brokerage says it estimates peak sales of $1.6 bln for denifanstat in 2034
** SGMT fell 15.6% in 2024
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。