Orphazyme: Anticipated product approval to secure transformational year

Orphazyme predicts lower operating result in transformational 2021.

Photo: Orphazyme/PR

Danish biotechnology firm Orphazyme, which develops medication for rare diseases, forecasts an operating deficit at DKK 100m-150m (USD 16.2m-24.2m) in 2021, which is significantly lower than the realized deficit for 2020 at DKK 608m, according to the firm's 2020 annual report.

"We expect 2021 to be a transformational year for Orphazyme with the anticipated approval and launch of arimoclomol in NPC (Niemann-Pick type C, -ed.) and two key readouts from our late-stage clinical trials in IBM (inclusion body myositis, -ed.) and ALS (amyotrophic lateral sclerosis, -ed.)," the firm writes in the report.

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