Recent Updates
Recently added Catalysts
PHAR Positive Sentiment

Pharming Group to convene Extraordinary General Meeting of Shareholders

Key Takeaway: Pharming Group N.V. has announced the scheduling of an Extraordinary General Meeting (EGM) on March 4, 2025, to appoint Mr. Fabrice Chouraqui as the new CEO, succeeding Mr. Sijmen de Vries. The meeting agenda also includes approval of Mr. Chouraqui's remuneration package. Shareholders are encouraged to attend in person or via live webcast, with all related documents available on the company's website. This leadership change is positioned as part of Pharming's ongoing commitment to its stakeholders and strategic development.
Price reaction · baseline $10.01 (2025-01-17 close) · hit after-hours · clean, no other PHAR news in the window
day 0 close · peak
-4.6%

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of Mr. Fabrice Chouraqui as CEO indicates strategic leadership change.
  • The meeting will discuss important aspects like remuneration for the new executive.
  • Shareholders engaged with the opportunity to attend or view the meeting online.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+36%
120-day peak, hindsight
Typical move
9.3%
average across 4 past catalysts
Lead asset
Recombinant human C1 inhibitor
Phase 3 · Hereditary Angioedema

Full Press Release Details

Leiden, the Netherlands, January 21, 2025: Pharming Group N.V. (“Pharming” or “the Company”) (EURONEXT Amsterdam: PHARM/Nasdaq: PHAR) announces it will hold an Extraordinary General Meeting of Shareholders (EGM) on March 4, 2025, at 14:00 CET. The Notice to Convene, Explanatory Notes, Voting information, meeting documents and Form of Proxy can be found on the Company’s website under Investors/Shareholder Meetings.
The EGM is convened for the appointment of Mr. Fabrice Chouraqui as Executive Director and Chief Executive Officer for a term of four years, based on a binding nomination by the Board of Directors. Mr. Chouraqui will be successor to Mr. Sijmen de Vries, subject to (and therefore effective as of) his appointment as Executive Director and Chief Executive Officer at the EGM.
The agenda further includes the proposal to approve certain components of the remuneration package of Mr. Chouraqui in his capacity as Executive Director and Chief Executive Officer. Details can be found in the Explanatory Notes for the EGM and the summary of the remuneration package as available on the Company’s website under Investors/Shareholder Meetings.
The EGM will be held as a physical meeting at the Corpus Congress Centre, Willem Einthovenstraat 1, 2342 BH in Oegstgeest, the Netherlands. Our shareholders are invited to attend the EGM in person or to follow the meeting through our live webcast.
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
Victoria Foster Mitchell/Alex Shaw/Amy Byrne
LifeSpring Life Sciences Communication, Amsterdam, the Netherlands
T: +31 6 53 81 64 27
Pharming Group to convene Extraordinary General Meeting of Shareholders_EN_21JAN25

Frequently Asked Questions

When will the Pharming EGM take place?

The Pharming EGM is scheduled for March 4, 2025, at 14:00 CET.

Where will the EGM be held?

The EGM will take place at the Corpus Congress Centre in Oegstgeest, Netherlands.

Who is being appointed as CEO at the EGM?

Mr. Fabrice Chouraqui is nominated as Executive Director and CEO.

Can shareholders attend the EGM virtually?

Yes, shareholders can follow the meeting via a live webcast.

What will be discussed at the EGM?

The agenda includes Mr. Chouraqui's appointment and his remuneration package.

Last updated: Jan 21, 2025