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Pharming Group reports on results of the 2025 Extraordinary General Meeting of Shareholders

Key Takeaway: Pharming Group N.V. held its Extraordinary General Meeting of Shareholders on March 4, 2025, where shareholders approved all agenda proposals. Fabrice Chouraqui has been appointed as the new Executive Director and CEO for a four-year term, succeeding Sijmen de Vries, who will transition to a strategic advisor role until the end of 2025. The approval of Mr. Chouraqui's remuneration package was also granted, indicating confidence in the leadership change. The company aims to strengthen its presence in the rare disease market under the new CEO.

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of Fabrice Chouraqui as new CEO showcases leadership continuity.
  • Shareholders demonstrated strong support by approving all proposals.
  • Transition plan includes strategic advisory support from former CEO Sijmen de Vries.

Full Press Release Details

Leiden, the Netherlands, March 4, 2025: Pharming Group N.V. (“Pharming” or “the Company”) (EURONEXT Amsterdam: PHARM/Nasdaq: PHAR) announces today that the Extraordinary General Meeting of Shareholders (EGM) has adopted all proposals on the EGM agenda.
Shareholders approved the appointment of Mr. Fabrice Chouraqui as Executive Director and Chief Executive Officer for a term of four years.
As a result, Mr. Chouraqui succeeds Mr. Sijmen de Vries with immediate effect. To ensure a smooth hand-over of tasks and responsibilities, Mr. de Vries will remain a strategic advisor to the new CEO until December 31, 2025.
In addition, shareholders also approved the proposal to approve certain components of the remuneration package of Mr. Chouraqui in his capacity as Executive Director and Chief Executive Officer.
A recording of the webcast, presentation slides from today’s EGM, and more details regarding both agenda items are available on the Pharming website in the Investor Relations section.
Dr. Richard Peters, Chairman of the Board of Directors, commented:
“On behalf of the entire Board, we welcome Fabrice Chouraqui as our new Executive Director and Chief Executive Officer and we look forward to working with him to deliver on Pharming’s objectives and to further strengthen the company’s position in the rare disease market. We would also like to thank our outgoing Chief Executive Officer, Sijmen de Vries, for his significant accomplishments and leadership over the past 16 years and for remaining as strategic advisor through year end.”
About Pharming Group N.V.
Pharming Group N.V. (EURONEXT Amsterdam: PHARM/Nasdaq: PHAR) is a global biopharmaceutical company dedicated to transforming the lives of patients with rare, debilitating, and life-threatening diseases. Pharming is commercializing and developing an innovative portfolio of protein replacement therapies and precision medicines, including small molecules and biologics. Pharming is headquartered in Leiden, the Netherlands, and has employees around the globe who serve patients in over 30 markets in North America, Europe, the Middle East, Africa, and Asia-Pacific.
For more information, visit www.pharming.com and find us on LinkedIn.
This press release relates to the disclosure of information that qualifies, or may have qualified, as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
For further public information, contact:
Pharming Group, Leiden, the Netherlands
Michael Levitan, VP Investor Relations & Corporate Communications
T: +1 (908) 705 1696
FTI Consulting, London, UK
Simon Conway/Alex Shaw/Amy Byrne
LifeSpring Life Sciences Communication, Amsterdam, the Netherlands
T: +31 6 53 81 64 27
Pharming EGM 2025 PR_EN_04MAR25

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Directors and officers

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Pharming EGM 2025 PR_EN_04MAR25...

Frequently Asked Questions

Who is the new CEO of Pharming Group N.V.?

Mr. Fabrice Chouraqui has been appointed as the new CEO.

When does Fabrice Chouraqui's term as CEO begin?

His term as CEO starts immediately.

What role will Sijmen de Vries play now?

He will remain a strategic advisor until December 31, 2025.

What is Pharming Group N.V. focused on?

The company specializes in therapies for rare, serious diseases.

Where can I find more information about Pharming?

Visit their official website at www.pharming.com.

Last updated: Mar 4, 2025