Zosano Pharma (ZSAN) Reports Sale of Non-Strategic Asset
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Zosano Pharma Announces Sale of Non-Strategic Asset
November 22, 2016 5:00 PM ESTFREMONT, Calif., Nov. 22, 2016 (GLOBE NEWSWIRE) -- Zosano Pharma Corporation (NASDAQ: ZSAN), an emerging central nervous system company focused on providing rapid symptom relief to patients using the Companys proprietary intracutaneous delivery system, today announced that it has sold all of its interest in Zosano, Inc. for an aggregate cash purchase price of $225,000. Zosano Pharma Corporation acquired 99.9% of the issued and outstanding common stock of Eco Planet Corp. (which was subsequently renamed Zosano, Inc.) in October 2013.  Zosano, Inc. is a shell company with no operations and no assets. The business and operations of... More