Pharming Group N.V.
2024 Annual General
Meeting of Shareholders
May 21, 2024
NASDAQ: PHAR | EURONEXT Amsterdam: PHARM
DISCUSSION ITEM
AGENDA ITEMS: 1/8
1. Opening and announcements
(discussion item)
Leadership: Board of Directors
Sijmen de Vries, MD, MBA
Executive Director
& Chief Executive Officer
Deborah Jorn, MBA
Vice-Chair of the Board of Directors , Member of the Remuneration Committee & Member of the Audit Committee
Mark Pykett, VMD, PhD
Non-Executive Director, Member of the
Remuneration Committee & the Transaction
Committee
Jabine van der Meijs
Non-Executive Director, Chairperson of the
Corporate Governance Committee, Member of the
Audit Committee & Remuneration Committee
Richard Peters, MD, PhD
Chairman of the Board of Directors, Member of the Corporate Governance Committee & the Transaction Committee
Barbara Yanni
Non-Executive Director, Chairperson of the
Transaction Committee, Member of the Audit
Committee & the Corporate Governance Committee
Leonard Kruimer
Non-ExecutiveDirector, Chairperson of the Audit Committee & Member of the Transaction Committee
Steven Baert
Non-Executive Director, Chairperson of the
Remuneration Committee & Member of
the Corporate Governance Committee
3
Leadership: Executive Committee
Sijmen de Vries, MD MBA | |
Executive Director & | CEO |
Chief Executive Officer | |
Anurag Relan MD
Chief Medical Officer | CMO |
Stephen Toor
Chief Commercial Officer | CCO |
Dr. Alexander
Breidenbach, MBA | CBO |
Chief Business Officer | |
Jeroen Wakkerman
Chief Finance Officer | CFO |
Mireille Sanders MSc
Chief Operations Officer | COO |
Ruud van Outersterp | |
Chief Ethics & | CECO |
Compliance Officer | |
4
Agenda
- Opening and announcements
- Annual Report 2023 (voting and discussion items)
- Explanation of the business, the operations and the results for the year ending on December 31, 2023 (discussion item)
- Remuneration report for 2023 (advisory voting item)
- Corporate Governance (discussion item)
- Explanation of the dividend policy (discussion item)
- Proposal to adopt the financial statements for 2023 (voting item)
- Proposal to discharge the members of the Board of Directors (voting item).
- Adoption Updated Remuneration Policy for the Board of Directors (voting item)
- Reappointment Non-Executive Directors (2 separate voting items)
- Proposal to reappoint Ms. Barbara Yanni, upon binding recommendation of the Board of Directors, as Non-Executive Director, for a period of four years.
- Proposal to reappoint Mr. Mark Pykett, upon binding recommendation of the Board of Directors, as Non-Executive Director, for a period of four years.
- Designation of the Board of Directors as the Company's body, authorized to: (i) issue shares, (ii) grant option rights and (iii) restrict or exclude pre-emptive rights (voting items):
General authorization for generic corporate purposes, including (i) share issuances to the Board of Directors in accordance with the remuneration policy and the incentive plans for the CEO as approved by our shareholders, and (ii) issuances of shares and/or stock options to staff members under the applicable staff equity incentive plans, for a period of eighteen months, starting on May 21, 2024, up to 10% of the issued share capital. - Authorization of the Board of Directors to repurchase shares in the Company (voting item)
Proposal to authorize the Board of Directors for a period of eighteen months starting on May 21, 2024, as the Company's body authorized to resolve to repurchase not more than 10% of the issued capital through the stock exchange or otherwise. - Any other business (discussion item)
- Closing
5
VOTING &
DISCUSSION ITEMS
AGENDA ITEMS: 2/8
2. Annual Report 2023
(voting and discussion items)
- Explanation of the business, the operations and the results for the year ending on December 31, 2023 (discussion item)
- Remuneration report for 2023 (advisory voting item)
- Corporate Governance (discussion item)
- Explanation of the dividend policy (discussion item)
- Proposal to adopt the financial statements for 2023 (voting item)
- Proposal to discharge the members of the Board of Directors (voting item).
VOTING &
DISCUSSION ITEMS
AGENDA ITEMS: 2/8
2. Annual Report 2023
(voting and discussion items)
- Explanation of the business, the operations and the results for the year ending on December 31, 2023 (discussion item)
- Remuneration report for 2023 (advisory voting item)
- Corporate Governance (discussion item)
- Explanation of the dividend policy (discussion item)
- Proposal to adopt the financial statements for 2023 (voting item)
- Proposal to discharge the members of the Board of Directors (voting item).
CEO
Sijmen de Vries, MD
Chief Executive Officer
Introduction
Forward-looking statements
This presentation 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 presentation 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 presentation and are based on information available to Pharming as of the date of this presentation. Pharming does not undertake any obligation to publicly update or revise any forward- looking statement as a result of new information, future events or other information.
9
Building a leading global rare disease biopharma company
Market RUCONEST®
for acute HAE attacks in key
markets - U.S. focus
Positive cash flow from RUCONEST® revenue funds Joenja® (leniolisib) launches & pipeline development
FY23 revenue US$227.1M
1Q24 revenue US$46.0M (+8%)
Increase in patients and prescribers driving growth
Patients reliant on RUCONEST® despite increased therapy options
Global approvals and commercialization of Joenja® (leniolisib) for APDS
Successful commercialization of Joenja® (leniolisib) - first and only FDA approved treatment for APDS - U.S. launch April 2023
Revenue FY23 US$18.2M
1Q24 US$9.6M (+21% vs. 4Q23) Strong focus on patient finding
Israel approval (April 2024)
Regulatory reviews ongoing in EUR, U.K., CAN, AUS Pediatric and Japan clinical trials
Ongoing pipeline development
and management of rare
disease assets
Advance internal projects and rare disease in-licensing and acquisition strategy
Leniolisib development for PIDs with immune dysregulation beyond APDS - preparing Ph2
BD focus on clinical programs in immunology, hematology, respiratory and gastroenterology
OTL- 105 discontinued
2024 Total Revenue Guidance - $280 - $295M (14 - 20% growth) | 10 |
Driven by Joenja® | |
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Disclaimer
Pharming Group NV published this content on 21 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2024 16:00:30 UTC.