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Zosano Pharma (NASDAQ:ZSAN) has filed a petition for relief under Chapter 11 bankruptcy protection. Shares are down 46% in premarket trading Zosano (ZSAN) is continuing to operate as a "debtor-in-possession" under the jurisdiction of a bankruptcy court. The company noted its intention to sell nearly all of its assets. In its Q1 2022 results, Zosano (ZSAN) reported only $140K in revenue.