Orphazyme's creditors left without real options
The creditors of embattled biotech firm Orphazyme find themselves between a rock and hard place: There’ll be no money left if they reject a proposed restructuring plan, but if they do that, there will be no company to save.
by CHRISTIAN BUNDGAARD, translated by daniel pedersen
Uncertainty continues to surround Orphazyme’s future, even after the proposal of a restructuring plan by the Danish biotech company’s leadership and the restructuring administrator, Gorrissen Federspiel’s John Sommer Schmidt.
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