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Last updated : 29/09/2026 - 11h20
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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.


Pharming: Chief Executive Officer Fabrice Chouraqui Steps Down with Immediate Effect

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.



Sector Pharmacie et biotechnologies › Biotechnologies


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Context

Period
  • Period: S1 2026
Key reported figures
  • Revenue: 162,7 millions de dollars
  • Quarterly revenue: 162,7 millions de dollars
  • Revenue growth: -6 %
  • EBITDA: 2,4 millions de dollars
  • Net income: -3,6 millions de dollars
Risks mentioned
  • Baisse de 12 % des revenus RUCONEST sur le semestre, tirée par les volumes
  • Perte opérationnelle de 3,6 M$ contre un profit de 3,8 M$ un an plus tôt
  • Dépréciations de stocks portées à 16,6 M$ au bilan au 30 juin 2026
Opportunities identified
  • Progression de 37 % des revenus Joenja au premier semestre 2026
  • Autorisation de mise sur le marché européenne de Joenja obtenue le 22 mai 2026
  • Amélioration de 15 M$ de la prévision de charges opérationnelles 2026
Outlook / guidance
  • Expected revenue: 375 millions de dollars
  • Management commentary: Total revenues between US$375.0 million and US$395.0 million (0% to 5% growth), updated to reflect a US$30 million reduction compared with prior guidance.

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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