Zafgen to Explore Strategic Alternatives
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: GlobeNewswire
BOSTON, Sept. 05, 2019 (GLOBE NEWSWIRE) -- Zafgen, Inc. (Nasdaq:ZFGN), a clinical-stage biopharmaceutical company leveraging its proprietary knowledge of MetAP2 systems biology to develop novel therapies for patients affected by a range of metabolic diseases, today announced plans to explore strategic options to maximize shareholder value. Potential strategic alternatives that may be evaluated include, but are not limited to, an acquisition, merger, business combination, in-licensing, or other strategic transaction involving the Company or its assets. “Given the alignment and clarity of our recent work with the FDA, and the preliminary results from our ongoing nonclinical study to translate in vitro differentiation results into an in vivo model system, we believe there is low probability of resolving the clinical hold in the near-term. Because of this, Zafgen has determined that it is in the best interest of shareholders to expand our internal corporate development efforts and form
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