MedWatch

Large shareholder sells some Orphazyme shares shortly before vital FDA ruling, general partner denies connection

Sunstone Life Science Ventures is not selling its Orphazyme shares because of the upcoming crucial FDA ruling, general partner Sten Verland tells MedWatch.

Sten Verland, General Partner at Sunstone Life Sciences and board member at Orphazyme. | Photo: Sunstone / PR

As the FDA's response deadline for Orphazyme's drug candidate arimoclomol draws ever closer, Sunstone Life Science Ventures has opted to sell some of its shares in the biotech company.

As of Friday last week, the investment company owned less than five percent of shares in Orphazyme, meaning it dropped below the large shareholder boundary, according to a stock exchange notification released on Tuesday.

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