Pharming Group Boasts Strong Q1 Revenue Growth

Pharming Group Nv (PHAR) has released an update.

Pharming Group N.V. reported a robust first quarter in 2024, with revenues soaring by 31% to $55.6 million, largely due to the successful U.S. launch of Joenja® and solid growth in RUCONEST® sales. The company remains on target to achieve its annual revenue projection of $280-295 million, underpinned by a strong cash position of $203.5 million. Pharming is also advancing regulatory efforts and clinical trials to expand leniolisib’s market and prepare for its pediatric approval and additional indications in primary immunodeficiency disorders.

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