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Actionable news in ZFGN: ZAFGEN Inc,

Zafgen Finally Speaks About Stock Plunge, But Says Nothing

BOSTON (TheStreet) -- Zafgen (ZFGN) finally reacted to the two-day, 54% plunge in the company's stock price. On Tuesday night, Zafgen CFO Patty Allen sent the following email to analysts, some shareholders and reporters:

We have received a number of inquiries from the investment community. As you are aware, we do not comment on share price movement or market speculation. We appreciate the concerns of our stakeholders. Zafgen remains committed to developing novel therapies to improve the health and well-being of patients affected by obesity and complex metabolic disorders.

Wow. Not helpful at all.

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There is something very wrong at Zafgen. No rational company allows its shareholders to suffer extreme losses...


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