LEIDEN, NETHERLANDS--(Marketwire - June 15, 2012) - Biotech company Pharming Group NV
("Pharming" or "the Company") (NYSE Euronext: PHARM) today provides a
short
update from its press release dated June 12, 2012.
Study 1310, the Phase III clinical study with RUCONEST® that is
intended to
support the submission of a Biologics License Application (BLA) to the US
FDA,
continues to recruit with additional patients enrolled this week.
Currently 70
of the 75 patients required for the completion of Study 1310 have been
treated.
In addition, as announced in Pharming's press release dated December 23,
2011;
under the EUR8.4 million private bond, which has now been redeemed in
shares in
full, a top-up payment in shares caused by the drop in share price over
the
last month has become due. Therefore 18,330,106 shares will be issued
to the
bondholders under the terms and conditions of the bond.
As of today, the number of outstanding shares has increased from
670,662,545 to
688,992,651.
About Pharming Group NV
Pharming Group NV is developing innovative products for the treatment of
unmet
medical needs. RUCONEST® is a recombinant human C1 inhibitor approved
for the
treatment of angioedema attacks in patients with HAE in all 27 EU countries
plus
Norway, Iceland and Liechtenstein, and is distributed in the EU by
Swedish
Orphan Biovitrum (OMX: SOBI). RUCONEST® is partnered with
Santarus, Inc
(NASDAQ: SNTS) in North America where the drug is undergoing Phase III
clinical
development. The product is also being evaluated for follow-on
indications in
the areas of transplantation and reperfusion injury. The advanced
technologies
of the Company include innovative and validated platforms for the
production of
protein therapeutics, technology and processes for the purification
and
formulation of these products. A feasibility study, using the
validated
transgenic rabbit platform, aimed at the development of recombinant Factor
VIII
for the treatment of Haemophilia A is underway with partner, Renova Life,
Inc.
Additional information is available on the Pharming website,
www.pharming.com.
To download the Pharming Group Investor Relations App, click here.
This press release contains forward looking statements that involve
known and
unknown risks, uncertainties and other factors, which may cause the
actual
results, performance or achievements of the Company to be materially
different
from the results, performance or achievements expressed or implied by
these
forward looking statements.
20120615:
http://hugin.info/132866/R/1619872/517410.pdf
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originality of the information contained therein.
Source: Pharming Group N.V. via Thomson Reuters ONE
[HUG#1619872]
