Pharming Group (PHARM)

[plumo]

Pharming Updates On Study 1310 And Shares In Issue


Leiden, The Netherlands, 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 €8.4 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.