Sagimet Biosciences Inc
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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FY2023 · Filed Mar 25, 2024
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Statements of Operations and Comprehensive Loss
(in thousands, except for share and per share amounts)
| | | | | | | |
|---|---|---|---|---|---|---|
| | Year Ended December 31, | |||||
| · · 2023 · 2022 | ||||||
| Revenue: · · | ||||||
| License revenue | | $2,000 | | $— | ||
| Total revenue | | | 2,000 | | | — |
| Operating expenses: | | | | | | |
| Research and development | | | 19,777 | | | 24,919 |
| General and administrative | | 12,963 | | 6,136 | ||
| Total operating expenses | | 32,740 | | 31,055 | ||
| Loss from operations | | (30,740) | | (31,055) | ||
| Other income, net: | | | ||||
| Change in fair value of stock warrant liability | | 4 | | 3 | ||
| Interest income and other | | 2,860 | | 553 | ||
| Total other income, net | | 2,864 | | 556 | ||
| Net loss | | $(27,876) | | $(30,499) | ||
| Other comprehensive gain (loss): | | | ||||
| Net unrealized gain (loss) on marketable securities | | 114 | | (84) | ||
| Total other comprehensive gain (loss) | | 114 | | (84) | ||
| Comprehensive loss | | $(27,762) | | $(30,583) | ||
| Net loss per share attributable to common stockholders, basic and diluted | | $(2.66) | | $(165.20) | ||
| Weighted-average shares outstanding used in computing net loss per share attributable to common stockholders, basic and diluted | | 10,460,335 | | 184,619 | ||
STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND
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