Zafgen updates on obesity drug [Seeking Alpha]
ZAFGEN INC (ZFGN)
Last zafgen inc earnings: 3/5 04:05 pm
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US:NASDAQ Investor Relations:
zafgen.gcs-web.com/investor-relations
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Source: Seeking Alpha
Zafgen (NASDAQ: ZFGN ) says MetAP2 inhibitor ZGN-1061 was well tolerated and safe in a Phase 1 trial on obesity. The trial indicated improvements in metabolic parameters for patients. Trial results: "On average, patients treated with ZGN-1061 for four weeks lost weight relative to placebo-treated patients (-4.6 lbs, -2.2 lbs, and -3.8 lbs for 0.2 mg, 0.6 mg, and 1.8 mg, respectively vs. -0.51 lbs for placebo), with trends for improvements observed in waist circumference, food intake, low density lipoprotein-cholesterol, C-reactive protein, adiponectin and leptin." Shares of Zafgen are premarket to $5.41. A price target raise from SuntTrust on Zafgen to $6 from $3 could also be factoring in. Now read: Regulus -32% after Q1 results, 30% workforce reduction, CEO resignation »
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