Pharming to be honored as Industry Innovator at National
Organization for Rare Disorders (NORD®) 2024 Rare Impact Awards
Recognition given for achievement in
commercializing Joenja® (leniolisib), a first-in-class medication
brought to market 10 years after disease state, APDS, was first
characterized
Leiden, the Netherlands, April 24, 2024:
Pharming Group N.V. (“Pharming” or “the Company”) (EURONEXT
Amsterdam: PHARM/Nasdaq: PHAR) is pleased to announce its
recognition as an Industry Innovator by the National Organization
for Rare Disorders (NORD®) at the Rare Impact Awards on June 8,
2024. The Rare Impact Awards honor individuals, groups and
organizations who are making exceptional strides to improve the
lives of people living with rare diseases.
Pharming will accept the award in recognition of
the U.S. Food and Drug Administration (FDA) approval and
commercialization of Joenja® (leniolisib), an oral, selective PI3Kδ
inhibitor. Joenja® is the first and only treatment approved in the
U.S. for activated phosphoinositide 3-kinase delta syndrome (APDS)
in adult and pediatric patients 12 years of age and older.
Approximately two weeks after Joenja® was approved for use on March
24, 2023, Pharming announced that the first shipments to patients
in the U.S. were delivered.
Peter Saltonstall, President and CEO of
NORD, commented:“NORD is very pleased to recognize
Pharming for the approval of Joenja® in the treatment of activated
phosphoinositide 3-kinase delta syndrome (APDS). APDS is a rare
inborn error of immunity characterized primarily by frequent
infections, lymphoproliferation and autoimmunity for which there
was not a targeted therapy until FDA approval of Joenja® for both
adults and pediatrics 12 years of age and older. On behalf of the
approximately 500 individuals in the US with this rare condition,
NORD is thrilled to see such innovation taking place at Pharming.
With 95% of rare diseases not having therapies available, the
approval of Joenja® for APDS is worthy of the NORD Industry
Innovation Award. NORD congratulates Pharming for this
achievement.”
Stephen Toor, Chief Commercial Officer
of Pharming, commented:“We are honored to be recognized by
NORD® as an industry leader making a difference in the lives of
those living with and caring for someone living with a rare
disease. Of the more than 7,000 rare diseases that have been
identified, very few have an FDA-approved therapy. Pharming is
proud to provide a treatment option for those living with APDS.
This is a significant milestone for the scientists who developed
Joenja and the patients we serve. We look forward to commemorating
this achievement alongside members of the APDS community later this
year.”For more information about the Rare Impact Awards and to view
the full list of honorees, please click here.About the
National Organization for Rare Disorders (NORD)With a
40-year history of advancing care, treatments and policy, the
National Organization for Rare Disorders (NORD) is the leading and
longest-standing patient advocacy group for the more than 25
million Americans living with a rare disease. NORD, a 501(c)(3)
nonprofit, is dedicated to individuals with rare diseases and the
organizations that serve them. NORD, along with its more than 330
patient organization members, is committed to improving the health
and well-being of people with rare diseases by driving advances in
care, research and policy. For more information, please visit
https://rarediseases.org/.
About Activated Phosphoinositide
3-Kinase δ Syndrome (APDS)APDS is a rare primary
immunodeficiency that was first characterized in 2013. APDS is
caused by variants in either one of two identified genes known
as PIK3CD or PIK3R1, which are vital to the development and
function of immune cells in the body. Variants of these genes lead
to hyperactivity of the PI3Kδ (phosphoinositide 3-kinase delta)
pathway, which causes immune cells to fail to mature and function
properly, leading to immunodeficiency and dysregulation.1,2,3 APDS
is characterized by a variety of symptoms, including severe,
recurrent sinopulmonary infections, lymphoproliferation,
autoimmunity, and enteropathy.4,5 Because these symptoms can be
associated with a variety of conditions, including other primary
immunodeficiencies, it has been reported that people with APDS are
frequently misdiagnosed and suffer a median 7-year diagnostic
delay.6 As APDS is a progressive disease, this delay may lead to an
accumulation of damage over time, including permanent lung damage
and lymphoma.4-7 A definitive diagnosis can be made through genetic
testing. APDS affects approximately 1 to 2 people per million
worldwide.
About leniolisibLeniolisib is
an oral small molecule phosphoinositide 3-kinase delta (PI3Kẟ)
inhibitor approved in the US as the first and only targeted
treatment of activated phosphoinositide 3-kinase delta (PI3Kδ)
syndrome (APDS) in adult and pediatric patients 12 years of age and
older. Leniolisib inhibits the production of
phosphatidylinositol-3-4-5-trisphosphate, which serves as an
important cellular messenger and regulates a multitude of cell
functions such as proliferation, differentiation, cytokine
production, cell survival, angiogenesis, and metabolism. Results
from a randomized, placebo-controlled Phase II/III clinical trial
demonstrated clinical efficacy of leniolisib in the coprimary
endpoints; demonstrating statistically significant impact on immune
dysregulation and normalization of immunophenotype within these
patients, and interim open label extension data has supported the
safety and tolerability of long-term leniolisib administration.8,9
Leniolisib is currently under regulatory review in Europe, Canada
and Australia, and a regulatory submission has been made in the
U.K. with plans to pursue regulatory approval in Japan. Leniolisib
is also being evaluated in two Phase III clinical trials in
children with APDS.About Pharming Group
N.V.Pharming Group N.V. (EURONEXT Amsterdam: PHARM/Nasdaq:
PHAR) is a global biopharmaceutical company dedicated to
transforming the lives of patients with rare, debilitating, and
life-threatening diseases. Pharming is commercializing and
developing an innovative portfolio of protein replacement
therapies and precision medicines, including small molecules,
biologics, and gene therapies that are in early to late-stage
development. Pharming is headquartered in Leiden, the Netherlands,
and has employees around the globe who serve patients in over 30
markets in North America, Europe, the Middle East, Africa, and
Asia-Pacific. For more information, visit www.pharming.com and find
us on LinkedIn.
Forward-looking Statements This
press release may contain forward-looking statements.
Forward-looking statements are statements of future expectations
that are based on management’s current expectations and assumptions
and involve known and unknown risks and uncertainties that could
cause actual results, performance, or events to differ materially
from those expressed or implied in these statements. These
forward-looking statements are identified by their use of terms and
phrases such as “aim”, “ambition”, ‘‘anticipate’’, ‘‘believe’’,
‘‘could’’, ‘‘estimate’’, ‘‘expect’’, ‘‘goals’’, ‘‘intend’’,
‘‘may’’, “milestones”, ‘‘objectives’’, ‘‘outlook’’, ‘‘plan’’,
‘‘probably’’, ‘‘project’’, ‘‘risks’’, “schedule”, ‘‘seek’’,
‘‘should’’, ‘‘target’’, ‘‘will’’ and similar terms and phrases.
Examples of forward-looking statements may include statements with
respect to timing and progress of Pharming's preclinical studies
and clinical trials of its product candidates, Pharming's clinical
and commercial prospects, and Pharming's expectations regarding its
projected working capital requirements and cash resources, which
statements are subject to a number of risks, uncertainties and
assumptions, including, but not limited to the scope, progress and
expansion of Pharming's clinical trials and ramifications for the
cost thereof; and clinical, scientific, regulatory, commercial,
competitive and technical developments. In light of these risks and
uncertainties, and other risks and uncertainties that are described
in Pharming's 2023 Annual Report and the Annual Report on Form 20-F
for the year ended December 31, 2023, filed with the U.S.
Securities and Exchange Commission, the events and circumstances
discussed in such forward-looking statements may not occur, and
Pharming's actual results could differ materially and adversely
from those anticipated or implied thereby. All forward-looking
statements contained in this press release are expressly qualified
in their entirety by the cautionary statements contained or
referred to in this section. Readers should not place undue
reliance on forward-looking statements. Any forward-looking
statements speak only as of the date of this press release and are
based on information available to Pharming as of the date of this
release. Pharming does not undertake any obligation to publicly
update or revise any.
References1. Lucas CL, et al.
Nat Immunol. 2014;15(1):88-97.2. Elkaim E, et al. J Allergy Clin
Immunol. 2016;138(1):210-218.3. Nunes-Santos C, Uzel G, Rosenzweig
SD. J Allergy Clin Immunol. 2019;143(5):1676-1687.4. Coulter TI, et
al. J Allergy Clin Immunol. 2017;139(2):597-606.5. Maccari ME, et
al. Front Immunol. 2018;9:543.6. Jamee M, et al. Clin Rev Allergy
Immunol. 2019;May 21.7. Condliffe AM, Chandra A. Front Immunol.
2018;9:338.8. RAO VK, et al Blood. 2023 Mar 2;141(9):971-983.9. Rao
VK, et al. Journal of Allergy and Clinical Immunology (2023), doi:
https://doi.org/10.1016/j.jaci.2023.09.032.
For further public information,
contact:Pharming Group, Leiden, the Netherlands Michael
Levitan, VP Investor Relations & Corporate Communications T: +1
(908) 705 1696E: investor@pharming.com
FTI Consulting, London, UK Victoria Foster
Mitchell/Alex Shaw/Amy Byrne T: +44 203 727 1000LifeSpring Life
Sciences Communication, Amsterdam, the Netherlands Leon Melens T:
+31 6 53 81 64 27 E: pharming@lifespring.nlUS PR Christina Renfroe
E: Christina.Renfroe@precisionvh.com T: +1 (636) 352-7883
Pharming Group NV (EU:PHARM)
Historical Stock Chart
From Oct 2024 to Nov 2024
Pharming Group NV (EU:PHARM)
Historical Stock Chart
From Nov 2023 to Nov 2024