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Idorsia patron Clozel jumps in with financing

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Idorsia patron Clozel jumps in with financing

Financing gap: The Idorsia patron reaches into the private coffers

The Allschwil-based drug manufacturer has no income and needs money to market new products – and to pay its 1,300 employees.

Main shareholder Jean-Paul Clozel helps Idorsia with 75 million francs over the financial bottleneck.

Bild: Patrick Straub/Keystone

Idorsia finds itself in an uncomfortable predicament. Although the company has a promising range of pharmaceutical projects, these have not yet provided the young company with any significant income apart from high costs.

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