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FREMONT, Calif., Sept. 26, 2018 (GLOBE NEWSWIRE) — Zosano Pharma Corporation (NASDAQ:ZSAN) (“Zosano” or the “Company”), a clinical-stage biopharmaceutical aggregation developing and commercializing therapies that bear accelerated systemic assimilation by leveraging its atypical and proprietary technology, Adhesive Dermally-Applied Microneedle System (“ADAM™”), appear today that it has entered into a new basic accessories leasing band of up to $14.0 actor from Trinity Basic Investment (“Trinity”), a arch adventure debt provider. This will accommodate costs for the acquirement and accession of an automatic blanket action at Zosano’s arrangement manufacturer. This action will be able of bearing as abounding as 1.5 actor doses per year, which is the Company’s ambition at launch.

As allotment of this transaction, Zosano paid off in abounding its outstanding antithesis of $2.0 actor beneath the Loan and Security Agreement it entered into with Hercules Capital, Inc. on June 3, 2014.  

“This new costs affiliation with Trinity provides abutment for bartering accomplish of M207 and is allotment of our planned technology alteration and calibration up activities now underway,” said John Walker, arch controlling administrator and administrator of the lath at Zosano.

About M207M207 is Zosano’s proprietary conception of zolmitriptan delivered utilizing its proprietary ADAM technology. Zosano’s ADAM technology consists of titanium microprojections (microneedles) coated with drug, and in the case of M207, its conception of zolmitriptan. The drug-coated microneedles access into the covering and dermis, area the biologic is attenuated and enters into the bloodstream. In February 2017, the Aggregation appear statistically cogent after-effects from the ZOTRIP cardinal study, which approved that the 3.8mg dosage of M207 met both co-primary endpoints, accomplishing affliction abandon and best aggravating evidence abandon at 2 hours. In November 2017, the Aggregation appear the admission of its abiding assurance abstraction evaluating M207 and expects to book a New Biologic Application for M207 in the fourth division of 2019.

About Trinity Basic InvestmentHigh-growth adventure capital-backed companies about-face to Trinity Basic Investment as a adopted advantage for adventure loans and accessories leases to ammunition their advance and extend their runway. Since 2008, Trinity has formed carefully with arch adventure basic firms and their corresponding portfolio companies to action admired support, added adaptability and aggressive adventure debt costs solutions to barter with characteristic needs. Having adjourned some of the world’s best avant-garde startup companies, Trinity is the accomplice of best for venture-backed technology startups absent an accomplished accomplice to advice strengthen their banking position while attention equity. For added information, amuse appointment www.trincapinvestment.com or www.youtube.com/c/trinitycapitalinvestment.

Forward-Looking StatementsThis columnist absolution contains advanced statements apropos the use of funds from the basic accessories leasing line, the accepted timing of a New Biologic Application for M207 and added approaching contest and expectations. Readers are apprenticed to accede statements that accommodate the words “may,” “will,” “would,” “could,” “should,” “might,” “believes,” “estimates,” “projects,” “potential,” “expects,” “plans,” “anticipates,” “intends,” “continues,” “forecast,” “designed,” “goal,” “unaudited,” “approximately” or the abrogating of those words or added commensurable words to be ambiguous and forward-looking. These statements are accountable to risks and uncertainties that are difficult to adumbrate and absolute outcomes may alter materially. These accommodate risks and uncertainties, after limitation, associated with the action of discovering, developing and commercializing articles that are safe and able for use as animal therapeutics, risks inherent in the accomplishment to body a business about such articles and added risks and uncertainties declared beneath the branch “Risk Factors” in the Company’s best contempo anniversary address on Form 10-K. Although Zosano believes that the expectations reflected in these advanced statements are reasonable, we cannot in any way agreement that the approaching results, akin of activity, achievement or contest and affairs reflected in advanced statements will be accomplished or occur. All advanced statements are based on advice currently accessible to Zosano and Zosano assumes no obligation to amend any such advanced statements.

Zosano Contact:John WalkerChief Controlling Administrator and Administrator of the Board510-745-1200

Media Contact:Sara ZelkovicLifeSci Public [email protected](646) 876-4933

Trinity Contact:Kyle [email protected] 

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