Pharming losses mount in Q1

Biotechnology firm Pharming saw its losses increase to €6.4m in the first three months of 2008 due to problems with licencing its drug Rhucin in the US and Europe.

The company expects to submit a new file on Rhucin to the European medicines authority EMEA shortly.
The company said it is also focusing on getting the drug, which is used to treat hereditary angioedema, approved outside the EU.

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