Pharming: Chief Executive Officer Fabrice Chouraqui Steps Down with Immediate Effect
The Dutch biotechnology company has entrusted leadership to two incumbent executives while awaiting the appointment of a permanent successor. The departure takes effect immediately.
A Departure Decided by Mutual Agreement with the Board
Pharming (Euronext Amsterdam: PHARM / Nasdaq: PHAR) announced on September 29, 2026 that the board of directors and Fabrice Chouraqui have agreed by mutual consent that he is stepping down from his position as Chief Executive Officer (CEO) and executive director, with immediate effect.
According to the press release, following discussions on the execution of the group's strategic priorities for its next phase, the board of directors and Fabrice Chouraqui concluded that their views on how to advance the company's strategy were not sufficiently aligned. The parties therefore agreed on a transition at the helm of the company.
Leverne Marsh and Kenneth Lynard Appointed as Interim Co-Chief Executive Officers
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To ensure continuity of leadership, the board of directors has appointed Leverne Marsh, Chief Commercial Officer, and Kenneth Lynard, Chief Financial Officer, as interim co-chief executive officers, with immediate effect.
Leverne Marsh will oversee patient-centered operations, while Kenneth Lynard will lead global corporate functions. The board has also launched a formal search to designate a permanent successor. According to Richard Peters, board chairman, the immediate priority is to ensure continuity within management while maintaining the execution of Pharming's strategy.
SectorPharmacie et biotechnologies›Biotechnologies
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Context
Period
Period: T3 2026
Key reported figures
Revenue: 117,6 millions de dollars
Quarterly revenue: 117,6 millions de dollars
Revenue growth: 21 %
Guidance from the release
Tightened 2026 total revenue guidance to between US$380 million and US$390 million from prior US$375 million to US$395 million
Risks mentioned
Joenja revenue growth was partly driven by temporary benefit from ordering patterns in other international markets
RUCONEST third quarter revenue includes an early seasonal increase in channel inventory at a single U.S. specialty pharmacy customer, following significant drawdowns earlier in the year
Napazimone (KL1333): enrollment in the pivotal FALCON trial now expected to complete in the first half of 2027 (about 145 of 180 subjects by end-2026), with topline results approximately one year after completion of enrollment
Opportunities identified
RUCONEST stabilization and continued recovery of demand in the US (third quarter revenue of about US$93.8 million, +14% year-on-year and +30% versus the second quarter of 2026)
Joenja strong growth driven by launches in Germany, Japan and continued penetration in the U.K.
Substantial growth potential for Joenja with estimated CVID with immune dysregulation prevalence of 39 patients per million vs 1.5 for APDS
Outlook / guidance
Expected revenue: 385 millions de dollars
Management commentary: Tightened 2026 total revenue guidance to between US$380 million and US$390 million (1% to 4% growth) from prior US$375 million to US$395 million (0% to 5% growth)
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