Pharming announces 20% net reduction in non-commercial, non-medical headcount

Pharming (PHAR) Group announced the implementation of an organizational restructuring to accelerate the Company’s growth. The restructuring is aligned with previously announced plan to reduce general and administrative expenses to optimize capital allocation across the organization. The restructuring includes a redesign of Pharming’s organizational structure and a 20% net reduction in non-commercial and non-medical headcount, primarily at the Netherlands headquarters. The company said, “We remain on track to reduce total G&A expenses by 15% or $10M annually and anticipate one-time restructuring costs of approximately $7M to be recorded in the fourth quarter of 2025 in connection with the headcount reduction.”