Orphazyme cuts guidance following FDA setback

Friday's disappointing rejection letter from the US FDA is affecting Orphazyme's guidance for 2021. Now, the biotech firm forecasts an operating deficit of DKK 670-700m, up from DKK 100-150m.

Photo: Spar Nord/PR

It's a hard blow for Orphazyme that the US Food and Drug Administration (FDA) has rejected the biotech firm's main candidate arimoclomol for the treatment of the metabolic disease Niemann-Pick type C (NPC).

In connection with the verdict, the biotech company communicates that it is downgrading its guidance for 2021, and the company CEO says that corporate costs will be reviewed.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from MedWatch

Pfizer upgrades guidance for sales of covid-19 vaccine

The US pharmaceutical company Pfizer now predicts sales of its coronavirus vaccines will total USD 33.5bn this year. The previous estimate was UDS 26bn. Meanwhile, the company has revealed the guidance for its annual revenue.

Further reading

Related articles

Trial banner

Latest news

See all jobs