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.

Photo: Nikolaj Skydsgaard/Reuters/Ritzau Scanpix

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.

The plan sets up two scenarios: one for a successful restructuring and one for bankruptcy.

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