Pharming Group N.V.

Medicines for rare immune and genetic diseases, with marketed treatments and a clinical development pipeline.

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Pharming Group N.V. began in Leiden in 1988 with an unusual way to make medicines: use genetically modified animals to produce human proteins. That work led to RUCONEST, whose active protein is purified from rabbit milk. It received European approval in 2010 and US approval in 2014. The medicine is the purified protein, not the milk.

The Leiden-based company now sells two treatments for rare diseases. RUCONEST replaces a protein that helps control swelling. Joenja works differently: it reduces the activity of an overactive protein involved in the immune system. Pharming Group N.V. is also studying new uses for Joenja’s active ingredient, leniolisib, and developing napazimone for diseases affecting how cells produce energy.

Latest results

Jan–Jun 2026

Revenue
$162.7 millionDecreased · vs Jan–Jun 20255.6% lower · vs Jan–Jun 2025
Operating profit
-$3.6 millionDecreased · vs Jan–Jun 2025194.6% lower · vs Jan–Jun 2025

$-0.02 operating profit per $1 of sales

Cash held
$158.3 millionIncreased · vs Jan–Jun 2025At Jun 30, 2026
Financial debt
$113.3 millionAt Jun 30, 2026
Source: company financial report

Latest company update

Jul 30, 2026 · Issuer publication

Pharming second-quarter and first-half 2026 results

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