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Gannex/Ascletis Reports Positive Phase II Data for NASH Treatment

publication date: Mar 9, 2021

Shanghai Gannex Pharma, a subsidiary of Hangzhou's Ascletis, reported positive topline results from the China cohort of a Phase II trial for its nonalcoholic steatohepatitis (NASH) treatment. The randomized, placebo-controlled trial tested ASC40, a novel oral, once-daily fatty acid synthase (FASN) inhibitor, developed by Sagimet Biosciences of San Mateo, CA. In 2019, Ascletis led a $25 million Series E financing of Sagimet in return for China rights to the candidate. More details....

Stock Symbol: (HK:1672)

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