Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

SHAREHOLDER ALERT: Robbins LLP Announces that Orphazyme A/S (ORPH) is Being Sued for Misleading Shareholders

Shareholder rights law firm Robbins LLP announces that a class action has been filed on behalf of all purchasers of Orphazyme A/S (NASDAQ: ORPH) American Depository Shares ("ADSs") (1) in or traceable to the Company's September 2020 initial public offering ("IPO") for remedies under the Securities Act of 1933, and (2) between September 29, 2020 and June 18, 2021 for remedies under the Securities Exchange Act of 1934. Orphazyme is a biopharmaceutical company that develops therapies for the treatment of neurodegenerative orphan diseases. Orphazyme's lead drug candidate is arimoclomal, which is in clinical development for four orphan diseases.

If you suffered a loss due to Orphazyme S/A's misconduct, click here.

Orphazyme A/S (ORPH) Misstated the Efficacy of its Drug Arimoclomal in its IPO Offering Documents

According to the complaint, Orphazyme held a public offering in September 2020 based on negligently prepared offering documents. Specifically, defendants made false and/or misleading statements and/ failed to disclose that: (i) arimoclomal was not as effective in treating Amyotrophic Lateral Sclerosis ("ALS") or Inclusion Body Myositis ("IBM") as the Company asserted; (ii) the arimoclomal new drug application ("NDA") for Niemann-Pick disease type C ("NPC") was incomplete or required additional evidence and data to support the benefit-risk assessment of that NDA; and (iii) as result, the FDA was unlikely to approve the arimoclomol NDA for NPC in its present form.

On March 29, 2021, Orphazyme announced "its phase 2/3 trial evaluating arimoclomal for the treat of [IBM] … did not meet its primary and secondary endpoints." On this news, the Company's ADS price fell $3.59, almost 29%, to close at $8.80 on March 29, 2021. On May 7, 2021, Orphazyme disclosed that its "pivotal trial [of ALS] … did not meet its preliminary and secondary endpoints to show benefit in people living with ALS." On this news, the Company's ADS price fell $2.81, or almost 33%, to close at $5.57 on May 7, 2021.

Then, on June 18, 2021, Orphazyme issued a press release announcing receipt of a Complete Response Letter (“CRL”) from the FDA following the agency’s review of the NDA for arimoclomol for the treatment of NPC. On this news, Orphazyme’s ADS price fell $7.23 per ADS, or 49.66%, to close at $7.33 on June 18, 2021. Finally, on June 21, 2021, Seeking Alpha reported that “Orphazyme [was] cut to sell at Guggenheim after [the Company’s] regulatory snub” by the FDA, stating, among other things, that “[w]ith a $1.00 price target for the stock indicating a downside of ~86.4%, Guggenheim notes that there is ‘little optionality left in the stock,’ and adds ‘it might make sense to wind down the company.’” On this news, Orphazyme’s ADS price fell $0.81 per ADS, or 11.05%, to close at $6.52 per ADS on June 21, 2021. The stock is currently trading at $5.25, significantly below the $11.00 per ADS offering price, damaging investors.

If you purchased ADSs of Orphazyme A/S (ORPH) pursuant to the Company's IPO, or between September 29, 2020 and June 18, 2021, you have until September 7, 2021, to ask the court to appoint you lead plaintiff for the class.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Lauren Levi

(800) 350-6003

llevi@robbinsllp.com

Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against Full settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Orphazyme A/S $ORPH Misstated the Efficacy of its Drug Arimoclomal in its IPO Offering Documents

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.