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ZAFGEN INC

(ZFGN)
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Law Offices of Howard G. Smith Announces Investigation on Behalf of Zafgen, Inc. Investors

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03/15/2019 | 08:51pm EDT

Law Offices of Howard G. Smith announces an investigation on behalf of Zafgen, Inc. investors (“Zafgen” or the “Company”) (NASDAQ: ZFGN) concerning the Company and its officers’ possible violations of federal securities laws.

On March 11, 2019, Zafgen announced its decision to suspend plans to file an investigational new drug application for ZGN-1258, the Company’s candidate for rare metabolic disorders based on a finding in rodent toxicology studies. According to the Company, data showed degeneration and other anomalies in rat muscle tissue to different degrees in both vehicle and dose arms of the studies.

On this news, shares of Zafgen fell $1.71, or 37% to close at $2.89 on March 12, thereby injuring investors.

If you purchased Zafgen securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


© Business Wire 2019
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Financials ($)
Sales 2019 2,00 M
EBIT 2019 -61,9 M
Net income 2019 -68,4 M
Finance 2019 87,9 M
Yield 2019 -
P/E ratio 2019 -
P/E ratio 2020
EV / Sales 2019 11,9x
EV / Sales 2020 48,1x
Capitalization 112 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 6,00 $
Spread / Average Target 101%
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Managers
NameTitle
Jeffrey S. Hatfield Chief Executive Officer & Director
Peter Barrett Chairman
Patricia L. Allen CFO & Principal Accounting Officer
Dennis D. Kim Chief Medical Officer
John L. LaMattina Independent Director
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