Financial updates
Pharming Group reports fourth quarter and full year 2023 financial results
Pharming Group N.V. presents its preliminary (unaudited) financial report for the three months and full year ended December 31, 2023.
- Full year 2023 total revenues increased by 19% to US$245.3 million
- Record fourth quarter RUCONEST® revenues of US$73.3 million resulted in a 10% increase in full year 2023 RUCONEST® revenues to US$227.1 million
- Strong start to Joenja® (leniolisib) launch with 81 patients on paid therapy in the U.S. nine months following launch and full year 2023 revenues of US$18.2 million
- Overall cash and marketable securities increased to US$215.0 million at the end of 2023 from US$208.7 million at the end of 2022
- Progressed leniolisib development for APDS in additional geographies and for pediatric patients, and leniolisib indication expansion to primary immunodeficiencies (PIDs) with immune dysregulation linked to PI3Kδ signaling
- 2024 total revenue guidance of US$280 million – US$295 million (14% – 20% growth)
Pharming hosted a presentation for analysts and investors at 13:30 CET/08:30 EDT on March 14, 2024 (view webcast). To participate in the conference call, please register in advance using this link.
Please note, the Company will only take questions from dial-in attendees.