RBC Capital analyst Alistair Campbell initiated coverage of Pharming with an Outperform rating and EUR 1.80 price target. The analyst says approval of Joenja will unlock the company’s next leg of growth. Joenja, a treatment for rare immunodeficiency disease, could double Pharming revenue by 2027, the firm predicts. It is confident on Pharming’s margin outlook even as the company invests in the Joenja launch.
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