MedWatch

Orphazyme gets investor backing for fundraising round

Danish biotech company Orphazyme has received support for its plan to raise new funds after setbacks in 2021.

Photo: Orphazyme/PR

Biotech company Orphazyme needs more funds to get its drug candidate arimoclomol to market.

At a recent extraordinary general meeting it was therefore decided that the firm would issue shares worth between DKK 20m and DKK 40m (USD 3.1m–6.1m), Orphazyme writes in a stock exchange notification.

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