MedWatch

Brokerage firm slashes Orphazyme price target by 77 percent

Following the CHMP’s indication that biotech firm Orphazyme’s drug candidate for rare metabolic disease Niemann-Pick type C will soon be rejected, institutional brokerage firm Danske Markets has decided to further reduce the company share price target.

Photo: Orphazyme/PR

Biotech company Orphazyme has had its share price target lowered to a mere DKK 3 (USD 0.45) from a previous DKK 13 (USD 1.95) by Danish brokerage firm Danske Markets. The firm maintains its recommendation ”sell,” according to financial news service PLX AI.

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