Restructuring and refocusing are pretty much dirty words to biotech investors. That held true when Zafgen Inc. uttered those words to investors after the market close on July 19, pushing the stock down more than 40%.
Zafgen Drops Beloranib, But Its New Focus Raises Doubts
The biotech is shifting gears after clinical hold on its lead drug was unlikely to be lifted, but the early-stage candidate that it's placing its hopes on is raising red flags for analysts and investors.
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