Summary

Pharming Group has commercialized only one FDA-approved product, Ruconest. It is a recombinant therapy for people suffering from hereditary angioedema.

Ruconest may also be an effective treatment for critically ill COVID-19 patients. In particular, Ruconest might be able to stop or dampen the severe cytokine storm seen in some patients.

The likelihood of Ruconest being effective for critical COVID-19 patients is bigger than the market deems.

Pharming Group is profitable, and selling at a modest valuation, showcasing a low downside and a relatively high upside.

Pharming Group is currently 20% below its 2020 high, despite the major earnings potential ahead.