Pharming Group Announces Reduction Of EUR 20 Million Debt And Improvement Of Balance Sheet

LEIDEN, NETHERLANDS--(MARKET WIRE)--Dec 8, 2008 -- Leiden, The Netherlands, December 8, 2008. Biotech company Pharming Group NV ("Pharming" or "the Company") (NYSE Euronext: PHARM) announced today that it has reached an agreement with several holders of convertible bonds to cancel outstanding debt by payments in cash and shares.
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