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Orphazyme's creditors to vote on sales agreement at end of May

Sunday’s sales agreement between US-based Kempharm and Orphazyme will be decided on May 30, when the company’s creditors meet to vote on the proposal.

Photo: Nikolaj Skydsgaard/Reuters/Ritzau Scanpix

Embattled biotech firm Orphazyme finally has a restructuring proposal after Sunday’s announcement that Kempharm, which is based in the US, has agreed to buy the firm’s assets and activities.

Yesterday, Orphazyme sent out a press release convening creditors to vote on the proposed restructuring – and in extension, the sale to Kempharm – on May 30 at the Maritime and Commercial High Court in Copenhagen.

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