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Our expansion is backed up by investors

3 December, 2019

We are not alone in our thinking that expanding our manufacturing capacity is a great idea. Pharming Group N.V., a specialty pharmaceutical company developing innovative products for the treatment of rare diseases and unmet medical needs, sees this opportunity as well. In fact, they decided to jump in on our plans taking an important minority stake in BioConnection.

Partners in expansion

BioConnection has been Pharming’s world class fill & finish partner for many years. We manufacture the sterile sealed vials of Pharming’s lyophilized product RUCONEST® from their purified drug substance. As Pharming is one of our largest customers, they will benefit strongly from the increased capacity in due course.

“We are pleased to have completed our investment into BioConnection which has been an excellent partner for Pharming for many years, and is an important part of our future growth plans”, says Sijmen de Vries, Chief Executive Officer at Pharming. “While we do not intend to take an active operational role in the company, its successful expansion will directly benefit Pharming as we look to increase capacity to support growing demand for RUCONEST® and as we expand our pipeline.”

Pharming has acquired its shareholding through the conversion of €2.5 million of existing credits and €1.6 million of new cash subscription for a total of €4.1 million in BioConnection shares, plus additional shares acquired from existing investors.

Here you can read the official press release about the investment, issued by Pharming.

Besides Pharming, other current shareholders of BioConnection are also supporting us with additional investments, of which no further details are being disclosed.

Follow the construction of our second production line

We will be documenting the construction of our second production line on this website, sharing updates via LinkedIn. Follow our LinkedIn company page to stay informed about milestones, more details about the production line and our thoughts about the project.

In case of questions, do not hesitate to reach out. We’re happy to tell you all about this exciting project. Let’s make a Bio Connection!

Follow the construction of our second production line

We will be documenting the construction of our second production line on this website, sharing updates via LinkedIn. Follow our LinkedIn company page to stay informed about milestones, more details about the production line and our thoughts about the project.

In case of questions, do not hesitate to reach out. We’re happy to tell you all about this exciting project.

Let’s make a Bio Connection!