MedWatch

Orphazyme stock plummets following bad news from CHMP

The Danish biotech company is being punished on the stock exchange after the CHMP, an EMA expert committee, had a negative reaction to the company’s oral presentation on Wednesday.

Photo: Sydbank/PR

Orphazyme stock is down by 34 percent, dropping to DKK 9.2 (USD 1.4) per share.

On Wednesday night, biotech firm Orphazyme returned from a meeting with the European Medicines Agency’s (EMA) expert committee, the CHMP, which concerned the company’s candidate arimoclomol, a treatment for rare metabolic disease Niemann-Pick type C (NPC).

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