Biotech firm Pharming losses rise

Friday 17 July 2009

Biotechnology firm Pharming booked a lost of €15.1m in the first six months of this year, compared with €12.1m in the year earlier period.

The company's operational costs rose over €2m, due to an increase in research costs connected to the registration of its drug Rhucin.

Pharming plans to submit a new registration request for the drug to the European Union in September. Rhucin is used to treat allergic swelling reactions known as angioedema.

The company said its finances would remain a top priority in the second half of the year and was in talks about raising more capital.

© DutchNews.nl

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