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  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_ifrs-full_StatementOfChangesInEquityTable_8c353f75-0703-4d03-ac81-14647e80656c_terseLabel_en" xlink:label="lab_ifrs-full_StatementOfChangesInEquityTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Statement of changes in equity [table]</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncomeCost"/>
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    <link:label id="lab_ifrs-full_ComprehensiveIncomeAbstract_b332f842-96cb-4234-9f14-cc97602f6a6e_terseLabel_en" xlink:label="lab_ifrs-full_ComprehensiveIncomeAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComprehensiveIncomeAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComprehensiveIncomeAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComprehensiveIncomeAbstract" xlink:to="lab_ifrs-full_ComprehensiveIncomeAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ComponentsOfEquityAxis_6e1fcdbd-fe9d-4964-ae0f-b73520c4afa1_terseLabel_en" xlink:label="lab_ifrs-full_ComponentsOfEquityAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Components of equity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ComponentsOfEquityAxis" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_ComponentsOfEquityAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ComponentsOfEquityAxis" xlink:to="lab_ifrs-full_ComponentsOfEquityAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract_755e141e-5ca7-47fa-87a6-88fd326a96d2_terseLabel_en" xlink:label="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Adjustments to reconcile profit (loss) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="lab_ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_pharm_OptionsExercisedAndLtipSharesIssued_label_en" xlink:label="lab_pharm_OptionsExercisedAndLtipSharesIssued" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Options Exercised And Ltip Shares Issued</link:label>
    <link:label id="lab_pharm_OptionsExercisedAndLtipSharesIssued_documentation_en" xlink:label="lab_pharm_OptionsExercisedAndLtipSharesIssued" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Options Exercised And Ltip Shares Issued</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_pharm_OptionsExercisedAndLtipSharesIssued" xlink:href="pharm-2021-12-31.xsd#pharm_OptionsExercisedAndLtipSharesIssued"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pharm_OptionsExercisedAndLtipSharesIssued" xlink:to="lab_pharm_OptionsExercisedAndLtipSharesIssued" xlink:type="arc" order="1"/>
    <link:label id="lab_pharm_CapitalizedDevelopmentCostReserveMember_label_en" xlink:label="lab_pharm_CapitalizedDevelopmentCostReserveMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Capitalized Development Cost Reserve [Member]</link:label>
    <link:label id="lab_pharm_CapitalizedDevelopmentCostReserveMember_documentation_en" xlink:label="lab_pharm_CapitalizedDevelopmentCostReserveMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Capitalized Development Cost Reserve</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_pharm_CapitalizedDevelopmentCostReserveMember" xlink:href="pharm-2021-12-31.xsd#pharm_CapitalizedDevelopmentCostReserveMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pharm_CapitalizedDevelopmentCostReserveMember" xlink:to="lab_pharm_CapitalizedDevelopmentCostReserveMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_987aed16-4b93-4eb7-9ccf-d906f1f5a348_terseLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash flows from (used in) operating activities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract"/>
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    <link:label id="lab_ifrs-full_LiabilitiesAbstract_6936711e-72f4-4481-becd-d20244d6d4de_terseLabel_en" xlink:label="lab_ifrs-full_LiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LiabilitiesAbstract" xlink:to="lab_ifrs-full_LiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract_6f6d5a63-8f13-49ad-99ee-5408a14b3dbf_terseLabel_en" xlink:label="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Effect of exchange rate changes on cash and cash equivalents [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract" xlink:to="lab_ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalentsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_pharm_ReserveParticipatingInterestMember_label_en" xlink:label="lab_pharm_ReserveParticipatingInterestMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Reserve Participating Interest [Member]</link:label>
    <link:label id="lab_pharm_ReserveParticipatingInterestMember_documentation_en" xlink:label="lab_pharm_ReserveParticipatingInterestMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Reserve Participating Interest</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_pharm_ReserveParticipatingInterestMember" xlink:href="pharm-2021-12-31.xsd#pharm_ReserveParticipatingInterestMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pharm_ReserveParticipatingInterestMember" xlink:to="lab_pharm_ReserveParticipatingInterestMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_AssetsAbstract_1fc5bc2d-0d01-4a0e-b20b-9ac768dc593a_terseLabel_en" xlink:label="lab_ifrs-full_AssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_AssetsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_AssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_AssetsAbstract" xlink:to="lab_ifrs-full_AssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CountryOfIncorporation_17b53379-616a-40f0-aaab-ad34d8f3bc83_terseLabel_en" xlink:label="lab_ifrs-full_CountryOfIncorporation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Country of incorporation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CountryOfIncorporation" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CountryOfIncorporation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CountryOfIncorporation" xlink:to="lab_ifrs-full_CountryOfIncorporation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentLiabilitiesAbstract_dbc97497-7474-4ab6-a755-5c3702ef1a0f_terseLabel_en" xlink:label="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Non-current liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentLiabilitiesAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:to="lab_ifrs-full_NoncurrentLiabilitiesAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_pharm_BonusesSettledInShares_label_en" xlink:label="lab_pharm_BonusesSettledInShares" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Bonuses Settled In Shares</link:label>
    <link:label id="lab_pharm_BonusesSettledInShares_documentation_en" xlink:label="lab_pharm_BonusesSettledInShares" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Bonuses Settled In Shares</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_pharm_BonusesSettledInShares" xlink:href="pharm-2021-12-31.xsd#pharm_BonusesSettledInShares"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pharm_BonusesSettledInShares" xlink:to="lab_pharm_BonusesSettledInShares" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_PrincipalPlaceOfBusiness_85a24670-cf52-4c3e-86a3-2af9dcd51b66_terseLabel_en" xlink:label="lab_ifrs-full_PrincipalPlaceOfBusiness" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Principal place of business</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_PrincipalPlaceOfBusiness" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_PrincipalPlaceOfBusiness"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PrincipalPlaceOfBusiness" xlink:to="lab_ifrs-full_PrincipalPlaceOfBusiness" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DomicileOfEntity_db29f8f8-14fc-4371-812d-584cb252ab4d_terseLabel_en" xlink:label="lab_ifrs-full_DomicileOfEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Domicile of entity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DomicileOfEntity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_DomicileOfEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DomicileOfEntity" xlink:to="lab_ifrs-full_DomicileOfEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_LegalFormOfEntity_e596f616-9220-41dd-89b0-680f86a56d1b_terseLabel_en" xlink:label="lab_ifrs-full_LegalFormOfEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Legal form of entity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_LegalFormOfEntity" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_LegalFormOfEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_LegalFormOfEntity" xlink:to="lab_ifrs-full_LegalFormOfEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NoncurrentAssetsAbstract_52413078-55cd-4b2c-b838-a2cf2e62126a_terseLabel_en" xlink:label="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Non-current assets [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NoncurrentAssetsAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NoncurrentAssetsAbstract" xlink:to="lab_ifrs-full_NoncurrentAssetsAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_pharm_PaymentOnContingentConsideration_label_en" xlink:label="lab_pharm_PaymentOnContingentConsideration" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Payment On Contingent Consideration</link:label>
    <link:label id="lab_pharm_PaymentOnContingentConsideration_documentation_en" xlink:label="lab_pharm_PaymentOnContingentConsideration" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Payment On Contingent Consideration</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_pharm_PaymentOnContingentConsideration" xlink:href="pharm-2021-12-31.xsd#pharm_PaymentOnContingentConsideration"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_pharm_PaymentOnContingentConsideration" xlink:to="lab_pharm_PaymentOnContingentConsideration" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification_5b33aba4-bf32-4260-8e07-f487f062bf2c_terseLabel_en" xlink:label="lab_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Name of reporting entity or other means of identification</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:to="lab_ifrs-full_NameOfReportingEntityOrOtherMeansOfIdentification" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_252bbe0a-4485-423e-91a4-e97f9b9cf74e_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
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