MedWatch

Orphazyme investor following muscle wasting disappointment: "Now everything has to run smoothly in 2021"

The rest of 2021 has to run perfectly for Orphazyme, according to portfolio manager, following the pharmaceutical firm's recent and disappointing study with main candidate arimoclomol for the muscle wasting disease IBM.

Photo: Orphazyme/PR

Following disappointing results for Orphazyme's main candidate arimoclomol against muscle wasting disease inclusion body myositis (IBM), which decreased the share price over 30 percent within a single trading day, the firm has two chances left which must be successful in order to set the company right again.

Advice Capital's Portfolio Manager Peter Hildebrandt tells Danish newspaper Børsen that he has kept Orphazyme in his equity portfolio in spite of the failed study.

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