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ZIOPHARM Completes $18 Million Financing

June 6, 2005

ZIOPHARM announced that it had completed its Series A Convertible Preferred Stock offering. Paramount BioCapital served as the lead placement agent and gross proceeds were approximately $18.1 million. The net proceeds from the offering will be used for research and development, licensing fees and expenses, and for working capital and general corporate purposes. ZIOPHARM is a development stage biopharmaceutical company that seeks to acquire, develop and commercialize, on its own or with other commercial partners, products for the treatment of important unmet medical needs in cancer.

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