Pharming reports Q1 EPS 1c, consensus 0c

Reports Q1 revenue $72.45M, consensus $92.07M. The company said, “The first quarter demonstrated important progress across the business while also reflecting revenue variability for RUCONEST. Joenja delivered strong revenue growth of 34% year over year, driven by robust patient uptake, reinforcing its role as an important growth driver still early in its lifecycle. We also made meaningful regulatory progress, including approval in Japan for APDS patients aged 4 and older and a positive CHMP opinion in Europe. In the U.S., constructive dialogue with the FDA following receipt of the CRL enabled us to already resubmit our pediatric sNDA for the two highest doses, which cover a meaningful proportion of children aged 4 to 11, and plan an additional sNDA submission for the lowest doses this summer.”