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jiniustan
2021-06-16

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After Meme-Stock Rally, Key Orphazyme Shareholder Cuts Stake

Sunstone Life Science Ventures, previously one of the biggest shareholders in Orphazyme A/S, has cut

After Meme-Stock Rally, Key Orphazyme Shareholder Cuts Stake

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In Orphazyme’s March 2 annual report, Sunstone waslistedas owning 5.2%. At the company’s 2017 initial public offering, Sunstone was&nbsp;among&nbsp;its top three shareholders.</p>\n<p>Orphazyme emerged as Denmark’s first meme stock late last week after U.S. traders drove its American depositary shares up by almost 1,400% at one point on Thursday. The company has warned investors against being dragged into the frenzy, which it says doesn’t reflect any corporate developments. Since late last week, Orphazyme has been gripped by extreme bouts of volatility. Its Danish share price is up about 100% since Thursday, even including a roughly 25% decline this week.</p>\n<p>Sunstone didn’t immediately reply to an email request for comment outside business hours.</p>\n<p>Orphazyme now has&nbsp;two investors&nbsp;left who own more than 5%: LSP V Coöperatieve U.A. with 7.81% and Coöperative Aescap Venture I U.A. with 5.1%.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After Meme-Stock Rally, Key Orphazyme Shareholder Cuts Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter Meme-Stock Rally, Key Orphazyme Shareholder Cuts Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 15:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-16/after-meme-stock-rally-key-orphazyme-shareholder-cuts-stake?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sunstone Life Science Ventures, previously one of the biggest shareholders in Orphazyme A/S, has cut its stake after the Danish biotech’s sudden transformation into a meme stock last week doubled its ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-16/after-meme-stock-rally-key-orphazyme-shareholder-cuts-stake?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OZYMF":"STRATEGIC PARTNERS A/S"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-16/after-meme-stock-rally-key-orphazyme-shareholder-cuts-stake?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170101443","content_text":"Sunstone Life Science Ventures, previously one of the biggest shareholders in Orphazyme A/S, has cut its stake after the Danish biotech’s sudden transformation into a meme stock last week doubled its value.\nFunds held by the Copenhagen-based investor now own less than 5% of Orphazyme, according to a filing late on Tuesday. In Orphazyme’s March 2 annual report, Sunstone waslistedas owning 5.2%. At the company’s 2017 initial public offering, Sunstone was among its top three shareholders.\nOrphazyme emerged as Denmark’s first meme stock late last week after U.S. traders drove its American depositary shares up by almost 1,400% at one point on Thursday. The company has warned investors against being dragged into the frenzy, which it says doesn’t reflect any corporate developments. Since late last week, Orphazyme has been gripped by extreme bouts of volatility. Its Danish share price is up about 100% since Thursday, even including a roughly 25% decline this week.\nSunstone didn’t immediately reply to an email request for comment outside business hours.\nOrphazyme now has two investors left who own more than 5%: LSP V Coöperatieve U.A. with 7.81% and Coöperative Aescap Venture I U.A. with 5.1%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":33,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}

After Meme-Stock Rally, Key Orphazyme Shareholder Cuts Stake

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