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Sagimet Biosciences Presents Data from ITT and F3 Patient Population in Phase 2b FASCINATE-2 Clinical Trial of Denifanstat at EASL International Liver Congress 2024

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Sagimet Biosciences presented promising data from the Phase 2b FASCINATE-2 clinical trial of denifanstat at EASL 2024. Denifanstat significantly improved liver fibrosis and MASH resolution in patients with metabolic dysfunction-associated steatohepatitis (MASH), achieving primary and secondary endpoints.

Key results: 38% of denifanstat patients had a ≥2-point reduction in NAS without worsening fibrosis, compared to 16% for placebo. For fibrosis improvement by ≥1 stage without worsening MASH, results were 30% for denifanstat vs 14% for placebo. Denifanstat was well tolerated with no serious adverse events.

Based on these findings, Sagimet plans to initiate a Phase 3 registrational program for denifanstat in MASH with fibrosis in the latter half of 2024.

Positive
  • Denifanstat showed a 38% improvement in NAS score without worsening fibrosis vs 16% for placebo (p=0.0035).
  • 30% of patients saw ≥1 stage improvement in fibrosis with denifanstat vs 14% for placebo (p=0.0199).
  • In patients with stage 3 fibrosis, 49% had fibrosis improvement by ≥1 stage with denifanstat vs 13% for placebo (p=0.0032).
  • Denifanstat significantly increased beneficial polyunsaturated triglycerides by 42% vs -4% for placebo (p<0.001).
  • Sustained reduction in de novo lipogenesis observed at 4 weeks (-2.4ug/ml with denifanstat vs -0.4ug/ml for placebo, p=0.001).
  • No treatment-related serious adverse events observed.
  • Denifanstat was generally well tolerated with most adverse events being mild to moderate.
Negative
  • 19.6% treatment discontinuation rate due to adverse events in the denifanstat group compared to 5.4% in the placebo group.
  • High occurrence of skin and subcutaneous tissue disorders in the denifanstat group (22.3% vs 7.1% for placebo).

Insights

The Phase 2b trial data for denifanstat, presented at the EASL International Liver Congress, is quite promising. Denifanstat, a FASN inhibitor, showed statistically significant improvements in liver fibrosis and MASH resolution, which are key in treating metabolic dysfunction-associated steatohepatitis (MASH). Positive results in both the Intention to Treat (ITT) and modified ITT (mITT) populations reinforce its potential efficacy.

It's notable that denifanstat targets multiple pathways involved in MASH, such as fat accumulation, inflammation and fibrosis. As the only FASN inhibitor currently in clinical trials for MASH, its unique mechanism positions it distinctively within the therapeutic landscape. This could be a significant advancement over existing treatments, which typically focus on a single pathway.

Furthermore, the safety profile appears to be manageable with most adverse events being mild to moderate. However, the higher discontinuation rate due to adverse events compared to placebo (19.6% vs 5.4%) is a point of concern that will need addressing in subsequent trials.

From a financial perspective, the Phase 2b trial results for denifanstat are highly encouraging for Sagimet Biosciences. Achieving statistical significance in primary and secondary endpoints often translates to increased investor confidence and potential stock price appreciation.

The planned initiation of a Phase 3 registrational program in the second half of this year marks a pivotal step. If successful, this could lead to regulatory approval and a significant market opportunity, given the unmet need in MASH treatment. Investors should note, however, the high costs and risks associated with late-stage clinical trials and the subsequent approval process.

Sagimet's focus on a once-daily oral pill is a compelling aspect. Oral administration is generally preferred over injections, potentially leading to better patient adherence and market penetration.

The competitive landscape for MASH treatments is still developing, with denifanstat's Phase 2b trial results positioning it favorably. The significant improvements in liver fibrosis and MASH resolution could differentiate it from other potential treatments. This will likely attract both patient and physician interest, especially considering the lack of FDA-approved treatments for MASH currently available.

The designation of tripalmitin reduction as a biomarker of denifanstat activity might also play a critical role in monitoring and optimizing treatment protocols. However, the competitive edge will hinge on the outcomes of the impending Phase 3 trials and the eventual ability to meet or exceed the FDA's approval criteria.

Additionally, the company’s clear communication of trial results and future steps via webcasts and presentations helps maintain transparency and investor trust, which is beneficial for long-term value creation.

Denifanstat achieved statistically significant results on primary and secondary liver biopsy endpoints in the ITT population, including both histology endpoints recommended in the FDA draft guidance for accelerated approval in MASH

Denifanstat showed a statistically significant improvement in liver fibrosis ≥1-stage without worsening of MASH in the ITT population, including in patients with baseline stage 3 fibrosis

Statistical significance also shown in improvement of liver fibrosis ≥2-stage without worsening of MASH in the mITT population, including in patients with baseline stage 3 fibrosis

Tripalmitin, a biomarker of denifanstat activity, showed an early and sustained reduction in de novo lipogenesis at 4-weeks

Safety in the ITT population showed denifanstat was generally well tolerated

Management to host live webcast with Principal Investigator Dr. Rohit Loomba at 9:30 AM PT (12:30 PM ET) on Thursday, June 13, 2023

SAN MATEO, Calif., June 06, 2024 (GLOBE NEWSWIRE) -- Sagimet Biosciences Inc. (Sagimet, Nasdaq: SGMT), a clinical-stage biopharmaceutical company developing novel fatty acid synthase (FASN) inhibitors designed to target dysfunctional metabolic and fibrotic pathways, presented positive data from its FASCINATE-2 Phase 2b clinical trial of denifanstat versus placebo in biopsy-confirmed metabolic dysfunction-associated steatohepatitis (MASH) patients at the European Association for the Study of the Liver (EASL) Congress being held in Milan, Italy. Sagimet’s lead drug candidate, denifanstat, is an oral, once-daily pill and selective FASN inhibitor in development for the treatment of MASH.

“Our presentation of the FASCINATE-2 study data shows the strong impact of denifanstat, a novel therapeutic designed to reduce the three main drivers of MASH - fat accumulation, inflammation, and fibrosis. The week 52 data on the improvement of fibrosis both by ≥ 1 and ≥ 2 stages, particularly in the F3 patient population, are very encouraging and differentiate denifanstat,” said Dave Happel, Chief Executive Officer of Sagimet. “Our focus now shifts to initiating our Phase 3 registrational program for the development of denifanstat in MASH with fibrosis in the second half of this year.”

Positive top line data was announced for the FASCINATE-2 Phase 2b study on January 22, 2024 (here). In the EASL presentation, additional 52-week ITT and F3 subgroup efficacy data included:

  • The primary endpoint of ≥2-point reduction in NAS (NAFLD Activity Score) without worsening of fibrosis (16% placebo vs 38% with denifanstat, p=0.0035) or MASH resolution with ≥2-point reduction in NAS resolution without worsening of fibrosis (11% placebo vs 26% with denifanstat, p=0.0173) in the intention to treat (ITT) population.
  • Secondary endpoints of fibrosis improvement by ≥ 1 stage with no worsening of MASH in the ITT (14% placebo vs 30% with denifanstat, p=0.0199) and F3 (13% placebo vs 49% with denifanstat, p=0.0032) populations, and fibrosis improvement by ≥ 2 stages with no worsening of MASH in the mITT (2% placebo vs 20% with denifanstat, p=0.0065) and F3 (4% placebo vs 34% with denifanstat, p=0.0050) populations.
  • Data on significant increase in beneficial polyunsaturated triglycerides at the end of 52 week of treatment (-4% placebo vs +42% denifanstat, p<0.001) in the mITT population.
  • A biomarker of denifanstat activity (tripalmitin) showed an early and sustained reduction in de novo lipogenesis at 4-weeks (-0.4ug/mL placebo vs -2.4ug/ml with denifanstat, p=0.001) and 13-weeks (-0.1ug/mL placebo vs -2.1ug/mL with denifanstat, p=0.005) in the mITT population.

“Denifanstat is the only FASN inhibitor currently in clinical development for MASH,” commented Rohit Loomba, M.D., M.H.Sc., Professor of Medicine, Chief, Division of Gastroenterology and Hepatology, and Director, MASLD Research Center, University of California San Diego, who serves as a scientific advisor for Sagimet on its ongoing development of denifanstat. “After one year of treatment, denifanstat was significantly better than placebo for both MASH resolution without worsening of fibrosis as well as 1 stage or greater improvements in fibrosis stage. As an oral small molecule, denifanstat shows robust improvements in patients with F3 fibrosis which supports its continued development in patients with moderate to advanced fibrosis due to MASH.”

Endpoints and Improvements From FASCINATE-2 Reported at EASL 2024

 Patient
Population
Denifanstat
50 mg
Placebo
P-value vs placebo
Primary Endpoints
MASH resolution without worsening of
fibrosis with ≥2-point reduction in NAS
ITT38%16%0.0035
≥ 2-point decrease in NAS without
worsening of fibrosis
ITT26%11%0.0173
Other Endpoints
Improvement of fibrosis by ≥ 1 stage
with no worsening of MASH
ITT30%14%0.019
mITT- F349%13%0.0032
Improvement of fibrosis by ≥ 2 stage
with no worsening of MASH
mITT20%2%0.0065
mITT- F334%4%0.0050
Polyunsaturated TriglyceridesmITT+42%-4%<0.001
Tripalmitin*mITT-2.1ug/mL-0.1ug/mL0.005

Modified intent-to-treat population (mITT) includes all patients with paired biopsies, n=81 denifanstat, n=45 placebo; ITT population: n =112 denifanstat, n=56 placebo.
*52-week timepoint

Safety and Tolerability

As in prior studies, no treatment-related serious adverse events (SAEs) were observed, and the majority of adverse events (AEs) were mild to moderate in nature (Grades 1 and 2). There were no Grade ≥3 treatment-related AEs, and no drug-induced liver injury (DILI) signal in the study. The most common treatment-related AEs by system organ class (observed in ≥5% of patients in the study) were eye disorders (denifanstat 15.2%, placebo 16.1%), gastrointestinal disorders (denifanstat 11.6%, placebo 8.9%), and skin and subcutaneous tissue disorders (denifanstat 22.3%, placebo 7.1%). The incidence of treatment emergent adverse events (TEAEs) leading to treatment discontinuation was 19.6% in the denifanstat group compared to 5.4% in placebo.

Webcast Information

Management will host a live webcast with Principal Investigator Dr. Rohit Loomba at 9:30 AM PT (12:30 PM ET) on Thursday, June 13, 2024 to discuss the data; participants will have the opportunity to participate in a chat-based Q&A session. The webcast will be available in the Events & Presentation section of Sagimet’s website at www.sagimet.com, with an archived replay available for approximately 90 days following the event. Dr. Loomba’s full curriculum vitae (CV) and disclosure of conflicts of interest (COI) can be found in the EASL presentation which is available in the Posters & Publications section of Sagimet’s website at www.sagimet.com.

About the Phase 2b FASCINATE-2 Clinical Trial

The Phase 2b FASCINATE-2 clinical trial was a 52-week randomized, double-blind, placebo-controlled trial that evaluated the safety and histological impact of denifanstat compared to placebo in 168 biopsy-confirmed MASH patients with moderate-to-severe fibrosis (stage F2 or F3) with NAS ≥4. Patients were randomized 2:1 to receive 50 mg denifanstat or placebo, taken orally once daily. An end-of-trial biopsy was assessed by a central pathologist for histological endpoints. Liver biopsies were also analyzed using AI-based digital pathology.

About Sagimet Biosciences

Sagimet is a clinical-stage biopharmaceutical company developing novel fatty acid synthase (FASN) inhibitors that are designed to target dysfunctional metabolic pathways in diseases resulting from the overproduction of the fatty acid, palmitate. Sagimet’s lead drug candidate, denifanstat, is an oral, once-daily pill and selective FASN inhibitor in development for the treatment of MASH. FASCINATE-2, a Phase 2b clinical trial of denifanstat in MASH with liver biopsy-based primary endpoints, was successfully completed with positive results. For additional information about Sagimet, please visit www.sagimet.com.

About MASH

MASH is a progressive and severe liver disease which is estimated to impact more than 115 million people worldwide, for which there is only one recently approved treatment in the United States and no currently approved treatments in Europe. In 2023, global liver disease medical societies and patient groups formalized the decision to rename non-alcoholic fatty liver disease (NAFLD) to metabolic dysfunction-associated steatotic liver disease (MASLD) and nonalcoholic steatohepatitis (NASH) to metabolic dysfunction-associated steatohepatitis (MASH). Additionally, an overarching term, steatotic liver disease (SLD), was established to capture multiple types of liver diseases associated with fat buildup in the liver. The goal of the name change was to establish an affirmative, non-stigmatizing name and diagnosis.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of, and made pursuant to the safe harbor provisions of, The Private Securities Litigation Reform Act of 1995. All statements contained in this press release, other than statements of historical facts or statements that relate to present facts or current conditions, including but not limited to, statements regarding: the expected timing of the presentation of data from ongoing clinical trials, Sagimet’s clinical development plans and related anticipated development milestones, Sagimet’s cash and financial resources and expected cash runway. These statements involve known and unknown risks, uncertainties and other important factors that may cause Sagimet’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, these statements can be identified by terms such as “may,” “might,” “will,” “should,” “expect,” “plan,” “aim,” “seek,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “forecast,” “potential” or “continue” or the negative of these terms or other similar expressions.

The forward-looking statements in this press release are only predictions. Sagimet has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that Sagimet believes may affect its business, financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions, some of which cannot be predicted or quantified and some of which are beyond Sagimet’s control, including, among others: the clinical development and therapeutic potential of denifanstat or any other drug candidates Sagimet may develop; Sagimet’s ability to advance drug candidates into and successfully complete clinical trials, including its FASCINATE-2 Phase 3 clinical trial; Sagimet’s relationship with Ascletis, and the success of its development efforts for denifanstat; the accuracy of Sagimet’s estimates regarding its capital requirements; and Sagimet’s ability to maintain and successfully enforce adequate intellectual property protection. These and other risks and uncertainties are described more fully in the “Risk Factors” section of Sagimet’s most recent filings with the Securities and Exchange Commission and available at www.sec.gov. You should not rely on these forward-looking statements as predictions of future events. The events and circumstances reflected in these forward-looking statements may not be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. Moreover, Sagimet operates in a dynamic industry and economy. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties that Sagimet may face. Except as required by applicable law, Sagimet does not plan to publicly update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

Contact:
Joyce Allaire 
LifeSci Advisors 
JAllaire@lifesciadvisors.com 


FAQ

What are the key findings from the FASCINATE-2 clinical trial presented by Sagimet Biosciences?

The FASCINATE-2 trial showed denifanstat significantly improved liver fibrosis and MASH resolution, achieving primary and secondary endpoints with favorable tolerability.

How did denifanstat perform in improving NAS scores in the FASCINATE-2 trial?

Denifanstat achieved a 38% improvement in NAS scores without worsening fibrosis, compared to 16% for placebo.

What was the improvement in liver fibrosis with denifanstat in the FASCINATE-2 trial?

In the FASCINATE-2 trial, 30% of patients treated with denifanstat saw ≥1 stage improvement in fibrosis, versus 14% with placebo.

Were there any adverse events linked to denifanstat in the FASCINATE-2 trial?

Denifanstat was generally well tolerated with no serious adverse events. However, 19.6% of patients discontinued treatment due to adverse events compared to 5.4% with placebo.

What are the next steps for Sagimet Biosciences and denifanstat following the FASCINATE-2 trial?

Sagimet plans to initiate a Phase 3 registrational program for denifanstat in patients with MASH and fibrosis in the second half of 2024.

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