Analyst Joseph Pantginis from H.C. Wainwright reiterated a Buy rating on Pharming Group and keeping the price target at $37.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Joseph Pantginis has given his Buy rating due to a combination of factors including the recent FDA approval of Pharming Group’s sNDA for leniolisib, which is set to expand its use into pediatric populations. This approval marks a significant milestone as leniolisib is designed to treat children aged 4 to 11 years with activated phosphoinositide 3-kinase delta syndrome (APDS), a rare primary immunodeficiency. The approval is backed by Phase 3 clinical trial results that showed notable improvements in key indicators of the condition, such as reduced lymphadenopathy and increased naive B cells, highlighting the drug’s potential efficacy and safety.
Moreover, the expansion into the pediatric market represents a substantial opportunity given the lack of approved treatments for this age group. With the PDUFA date set for January 31, 2026, the potential for leniolisib to address unmet medical needs could significantly enhance its commercial prospects. Additionally, Pharming Group is advancing its global reach with submissions and launches in markets like Japan and the U.K., and ongoing trials in other primary immunodeficiencies could further broaden leniolisib’s addressable market. These strategic moves, coupled with potential reclassification of certain patient populations, underscore the growth potential that supports the Buy rating.
Pantginis covers the Healthcare sector, focusing on stocks such as Capricor Therapeutics, Cytokinetics, and Lexicon Pharmaceuticals. According to TipRanks, Pantginis has an average return of -5.7% and a 39.41% success rate on recommended stocks.