MedWatch

Orphazyme's fate sealed as creditors approve Kempharm sale

On Monday, the biotech firm’s creditors have adopted a proposed restructuring plan, clearing the way forward to selling Orphazyme’s activities to US-based Kempharm.

Photo: Orphazyme/PR

Creditors of Orphazyme, a publicly listed biotech firm in Denmark, have accepted the restructuring plans that would see the firm sold off to US-based Kempharm, the Danish company has announced in a press release.

The group with final say convened on Monday for an in-court meeting at the Danish Maritime and Commercial High Court, where Orphazyme’s future was finalized.

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