Pharming For 2025 Expects Product Sales Of €170M–180M And Total Revenues Of €180M–190M; Sees R&D Investments Of €90M–100M

Benzinga

03-20

Financial Outlook

The Company provides the following guidance on its future results:

• Product sales expected to grow to €170-180 million in 2025, driving positive cash-flows for the overall commercial business

• Total revenues expected to reach €180-190 million in 2025

• Total R&D investments expected between €90 - €100 million in 2025, which will be partially offset by grant fundings and anticipated R&D tax credits

• Continued stringent focus on cash management supporting sufficient cash runway to reach key inflection points; targeting more than 50% lower operating cash burn in 2025

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