Orchard and Zealand Join Growing List Of Biotechs On The Ropes
Both Firms Forced To Restructure
• By Ayisha Sharma
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Orchard and Zealand are the latest European players to succumb to a financial pinch in the biotech sector, streamlining their pipelines and laying off staff to save on expenses.
The Biotech Sector Has Suffered From Investors Withdrawing • Source: Alamy
Orchard Therapeutics Limited and Zealand Pharma A/S have joined several European biotechs that are slashing pipelines and reducing staff after struggles with fundraising, partly influenced by non-specialist investors abandoning the sector.
Rare diseases specialist Orchard is to streamline its hematopoietic stem cell (HSC) gene therapy platform to focus on the highest...
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