Pharming Group vulnerable to takeover by other pharmaceutical groups

De Telegraaf yesterday evening reported that Netherlands-based Pharming Group is already targeted by large groups seeking acquisitions. The information directly comes from investment bank Stifel. Prospective buyers include Amryt, Consort Medical, Indivior and Valneva. The Dutch group’s main asset is clearly Ruconest (conestat alfa), a treatment for hereditary angioedema (HAE) already approved in the US, Israel and 28 European countries. Pharming Group’s shares declined over 15% YTD (Amsterdam), taking the group’s market capitalization to €579m.

 

(Source: De Telegraaf)