We travel to the offices of Pharming Group in Leiden, the Netherlands, to chat with the newcomer CEO Fabrice Chouraqui.

Fabrice discusses the fascinating history of Pharming, with its first commercial drug RUCONEST produced in the milk of transgenic rabbits. He also talks about the growth of Pharming from a protein therapy-focused biotech into a European multi-asset heavyweight, with a market cap of at least €800 million.

⭐️ ABOUT THE SPEAKER

Fabrice Chouraqui has been the CEO of Pharming Group since March 2024. Prior to this, he was a CEO-Partner at the US biotech venture capital firm Flagship Pioneering as well as CEO of the Flagship portfolio company Cellarity.

He also served at Novartis and Bristol-Myers-Squibb for 10 years each, with his career beginning in R&D at pharmaceutical companies that were predecessors to today’s Sanofi.

🔗 LINKS MENTIONED

• - Pharming Group’s website - https://www.pharming.com/
• - Pharming Group’s second quarter and first half 2025 financial results - [https://www.pharming.com/sites/default/files/imce/Presentations/Pharming 2Q25_1H 2025 presentation_31JUL2025_website.pdf](https://www.pharming.com/sites/default/files/imce/Presentations/Pharming%202Q25_1H%202025%20presentation_31JUL2025_website.pdf)
• - Stefano Portolano, Azafaros 🇳🇱 🇨🇭 | Rare Diseases, Small Molecules | E40 -https://flot.bio/episode/stefano-portolano-azafaros-rare-disease/

📜 TRANSCRIPT

Read the full transcript here: https://flot.bio/episode/fabrice-chouraqui-pharming-transgenic-rabbit/

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Flot.bio is a show to watch the best Europeans in biotech to help you grow. Hosted by Philip Hemme. 25k monthly views. Free.

⏰ TIMESTAMPS

• - [00:00:00] Intro
• - [00:02:12] Kicking off at Pharming
• - [00:04:26] RUCONEST and transgenic rabbits
• - [00:06:57] Path to profitability
• - [00:13:43] Encouraging stock price trends
• - [00:17:39] The protein and small molecules portfolio
• - [00:28:13] Switching gear to commercialization
• - [00:33:40] European biotech success stories
• - [00:39:55] Lessons from Fabrice Chouraqui’s career
• - [00:47:29] Quick-fire questions