Brief: Orphazyme Announces Restructuring To Focus Resources On Supporting A Path Forward For Arimoclomol In NPC

Strategic Partners A/S

28/06/2021 05:09

June 28 (Reuters) - Orphazyme A/S  ORPHA.CO :
    * ANNOUNCES RESTRUCTURING TO FOCUS RESOURCES ON SUPPORTING A
PATH
FORWARD FOR ARIMOCLOMOL IN NPC
    * RESULTING COST SAVINGS INCLUDE AN APPROXIMATE TWO THIRDS
REDUCTION IN OUR GLOBAL WORKFORCE
    * ORPHAZYME'S FINANCIAL OUTLOOK REMAINS UNCHANGED FOR 2021
    * CO WILL SCALE BACK ITS GLOBAL ORGANIZATION, INCLUDING
TEAMS
BASED IN U.S. AND EUROPE, WITH PURPOSE OF REDUCING NUMBER OF
EMPLOYEES
    * REMAINS COMMITTED TO PURSUING REGULATORY APPROVAL IN
EUROPE,
ASSESSING A PATH FORWARD FOR ARIMOCLOMOL IN U.S.
    * IN DENMARK, WILL IMMEDIATELY INITIATE NEGOTIATIONS UNDER
DANISH
ACT ON COLLECTIVE REDUNDANCIES AND ACT ON INFORMATION AND
CONSULTATION

Source text for Eikon:  ID:nGNE5khyvQ 
Further company coverage:  ORPHA.CO 

 ((Reuters.Briefs@thomsonreuters.com;))