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Orphazyme seeks court protection during restructuring

The biotech company hopes that restructuring will mean that its operations can continue, at least to some degree, paid for through a fundraising round, sale of its assets or a combination of the two.

Photo: Orphazyme / PR
by marketwire, translated by catherine brett

Danish biotech company Orphazyme has applied for legally binding protection from its creditors while it restructures.

The firm hopes that this will mean operations can continue, either partially or entirely, funded by a fundraising round, sale of its assets or a combination of the two, it reports in a stock exchange notification.

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