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Zafgen Secures $21 Million in Series D Financing
Date:12/4/2012

t Alta Partners. "Obesity is a modern-day pandemic, increasing co-morbid conditions in patients and leading to millions of dollars in healthcare spending. Zafgen is a strong addition to the Alta Partners portfolio and we look forward to continuing support of the development of beloranib."

About Beloranib

Beloranib is the first compound in its class that works by targeting a key enzyme called MetAP2 that controls the production and utilization of fatty acids.  Inhibitors of MetAP2 reduce the production of new fatty acid molecules by the liver and help to convert stored fats into useful energy. Beloranib is being developed as a twice-weekly subcutaneous injection for severe obesity. Zafgen holds exclusive worldwide rights (exclusive of Korea) for development and commercialization of beloranib. The company licensed beloranib from CKD Pharma.

About Alta Partners

Alta Partners is a leading venture capital firm in life sciences, funding over 145 companies in the industry since 1996. Alta Partners' portfolio includes numerous biopharmaceutical and medical technology companies such as Ablynx NV, Chimerix Inc. and Pathwork Diagnostics. Based in San Francisco, the Alta Partners life sciences team consists of nine industry professionals with diverse industry experience.

Alta Partners was founded in 1996 by Jean Deleage, Garrett Gruener, Guy Nohra and Marino Polestra. All four founders were senior partners of Burr, Egan, Deleage & Co. (BEDCO), a prominent venture capital firm founded in 1979 that focused on early-stage investing in life sciences, information technology and communications. Over the past decade, Alta Partners has raised eight funds, and currently manages two billion in capital.

About Zafgen, Inc.

Zafgen is an innovative company dedicated to addressing the unmet need of severely obese patients by bringing beloranib, a first-in-class novel medicine, to market.  Founded in 2005 as a cap
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SOURCE Zafgen, Inc.
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