MedWatch

Orphazyme CEO on sale: "It’s sad, but we tried everything"

Anders Vadsholt, CEO of Orphazyme, says every possible avenue to save the company was explored, but on Tuesday, Orphazyme was bought by Kempharm.

Photo: Nikolaj Skydsgaard/Reuters/Ritzau Scanpix

A small sum of money, a legal suit, and a shadow on the stock market.

This is all that’s left after the company’s creditors approved a restructuring plan at an in-court meeting on Monday at the Danish Maritime and Commercial High Court, which cleared the way forward to selling Orphazyme’s activities to US-based Kempharm.

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