Pharming Group (OTCMKTS:PHGUF) Downgraded to Strong Sell at Zacks Investment Research

Zacks Investment Research cut shares of Pharming Group (OTCMKTS:PHGUF) from a hold rating to a strong sell rating in a research note published on Wednesday, Zacks.com reports.

According to Zacks, “Pharming Group NV develops innovative therapeutics for the treatment of genetic disorders, specialty products for surgical indications and nutritional products. The advanced technologies of the Company include innovative and validated platforms for the production of protein therapeutics, technology and processes for the purification and formulation of its products. Its primary product Ruconest (R) is a recombinant human C1 inhibitor approved for the treatment of angioedema attacks in patients with hereditary angioedema in the European Union countries, Norway, Iceland and Liechtenstein. Pharming Group NV is headquartered in Leiden, the Netherlands. “

Pharming Group stock opened at $0.90 on Wednesday. The business has a 50 day moving average of $0.83. Pharming Group has a one year low of $0.74 and a one year high of $1.76.

About Pharming Group

Pharming Group N.V., a specialty pharmaceutical company, develops and produces human therapeutic proteins for the treatment of rare diseases and unmet medical needs. The company's lead product is Ruconest, a recombinant human C1 esterase inhibitor that is used for the treatment of angioedema attacks in patients with acute hereditary angioedema (HAE) in Europe, the United States, Israel, European Union countries, Norway, Iceland, and Liechtenstein.

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