MedWatch

Newly appointed Zealand Pharma CEO says commercial organization was too expensive

Going forward, Zealand Pharma’s revenue will come from strategic partnerships, which is why the company is significantly reducing its commercial unit and workforce in the US. It’s too expensive to have a commercial department with few products on the market, says Adam Steensberg, the company’s new CEO.

Photo: Zealand Pharma / PR

Having spent a lot of funds the past few years on building up an commercial organization in the US, biotech company Zealand Pharma has decided to change lanes completely.

As a part of a larger restructuring plan announced on Wednesday, the company will now pursue strategic partnerships when it comes to bringing current and future products to patients.

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