Sagimet Biosciences Inc. (SGMT), Tuesday said that the U.S. Food and Drug Administration or FDA has given clearance to its investigational new drug (IND) application for TVB-3567 for the treatment of acne.
The company plans to initiate a Phase 1 study of TVB-3567 in 2025.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.