Recent Updates
Recently added Catalysts
SGMT Positive Sentiment

Ascletis Announces Positive Topline Results from Its Phase III Open-Label Study of Denifanstat (ASC40), a First-in-Class, Once-Daily Oral FASN Inhibitor for Acne

Key Takeaway: Ascletis Pharma announced positive topline results from a Phase III open-label study of denifanstat (ASC40), a first-in-class oral fatty acid synthase inhibitor for moderate-to-severe acne. The study demonstrated favorable safety and tolerability in 240 patients, with no serious adverse events reported. The drug's unique mechanism targets the underlying causes of acne, setting it apart from existing treatments.
Price reaction · baseline $5.855 (2026-01-28 close) · hit pre-market · 1 other SGMT headline(s) in the window, move may be shared
day 0 close
-8.5%
day 1
-3.2%
day 3 · peak
+12%

Market Sentiment Analysis

POSITIVE FACTORS

  • Denifanstat (ASC40) shows exceptional efficacy in treating acne.
  • Favorable safety and tolerability profile observed in Phase III trials.
  • New Drug Application accepted by the China National Medical Products Administration.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+110%
120-day peak, hindsight
Typical move
5.7%
average across 12 past catalysts
Cash runway
~69 mo
Minimal dilution risk
Lead asset
TVB-2640
Phase 2 · Metabolic Dysfunction-assocated Steatohepatitis/ Nonalcoholic Fatty Liver Disease

Full Press Release Details

-Denifanstat (ASC40), aonce-daily oral fatty acid synthase (FASN) inhibitor, demonstrated favorable safety and tolerability in a Phase III open-label study
-The exceptional efficacy of denifanstat (ASC40) observed in the Company's previously reported placebo-controlled Phase III trial coupled with a favorable safety profile in two Phase III trials provide a potential major break-through for the treatment of acne
-New Drug Application for denifanstat (ASC40) for acne was recently accepted by the China National Medical Products Administration
HONG KONG,Jan. 29, 2026/PRNewswire/ --  Ascletis Pharma Inc. (HKEX: 1672, "Ascletis") today announced positive topline results from the Phase III open-label study (NCT06248008) evaluating denifanstat (ASC40), a first-in-class, once-daily oral small molecule fatty acid synthase (FASN) inhibitor, in patients with moderate-to-severe acne vulgaris.
This recently completed second Phase III study was an open-label, multicenter study in China designed to evaluate the long-term safety of denifanstat (ASC40) in 240 patients with moderate to severe acne vulgaris. All the 240 patients, previously treated with denifanstat (ASC40) or placebo for 12 weeks, received denifanstat (ASC40) once daily for 40 weeks. The primary endpoints included: (1) incidence of treatment-emergent adverse events (TEAEs); (2) incidence of serious adverse events (SAEs); and (3) incidence of discontinuation due to adverse events (AEs). Denifanstat (ASC40) demonstrated a favorable safety and tolerability profile. Most TEAEs were mild (grade 1) and moderate (grade 2). There were no denifanstat (ASC40)-related grade 3 or 4 AEs and no denifanstat (ASC40)-related SAEs. No deaths were reported.
In June 2025, Ascletis announced that denifanstat (ASC40) met all primary, key secondary, and secondary endpoints in the 480-patient randomized, double-blind, placebo-controlled Phase III clinical trial (NCT06192264) for the treatment of moderate to severe acne vulgaris (Press Release).
The mechanisms of action of denifanstat (ASC40) for the treatment of acne are (1) direct inhibition of sebum production, through inhibition of de novo lipogenesis (DNL) in human sebocytes; and (2) inhibition of inflammation, through decreasing cytokine secretion and Th17 differentiation. Denifanstat (ASC40)'s unique mechanism of action directly reduces one of the main underlying causes of acne which is the overproduction of sebum. This sets denifanstat (ASC40) apart as most other acne treatments do not treat the underlying cause of the condition.
Denifanstat(ASC40)is licensed from Sagimet Biosciences Inc. (Nasdaq: SGMT) for exclusive rights in Greater China.
About Ascletis Pharma Inc.
Ascletis Pharma Inc. is a fully integrated biotechnology company focused on the development and commercialization of potential best-in-class and first-in-class therapeutics to treat metabolic diseases. Utilizing its proprietary Artificial Intelligence-assisted Structure-Based Drug Discovery (AISBDD) and Ultra-Long-Acting Platform (ULAP) technologies as well as Peptide Oral Transport ENhancement Technology (POTENT), Ascletis has developed multiple drug candidates in-house, including both small molecules and peptides, such as its lead program, ASC30, a small molecule GLP-1R agonist designed to be administered once daily orally and once monthly to once quarterly subcutaneously as a treatment therapy and a maintenance therapy for chronic weight management; ASC36, a once-monthly subcutaneously administered amylin receptor peptide agonist, ASC35, a once-monthly subcutaneously administered GLP-1R/GIPR dual peptide agonist and ASC37, a GLP-1R/GIPR/GCGR triple peptide agonist for chronic weight management. Ascletis is listed on the Hong Kong Stock Exchange (1672.HK). For more information, please visitwww.ascletis.com.
Contact:

Frequently Asked Questions

What is denifanstat (ASC40)?

Denifanstat (ASC40) is a first-in-class oral fatty acid synthase inhibitor for treating acne.

What were the results of the Phase III study?

The Phase III study showed favorable safety and tolerability, with no serious adverse events.

How does denifanstat work for acne?

It inhibits sebum production and inflammation, addressing the underlying causes of acne.

What is the status of the New Drug Application?

The New Drug Application for denifanstat has been accepted by the China National Medical Products Administration.

Last updated: Jan 29, 2026