Faron Pharmaceuticals Oy (DI) (FARN)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

233.69p
   
  • Change Today:
      8.69p
  • 52 Week High: 350.00p
  • 52 Week Low: 117.50p
  • Currency: UK Pounds
  • Shares Issued: 72.01m
  • Volume: 13,302
  • Market Cap: £168.28m

Faron recruits first patient for new Traumakine trial

By Josh White

Date: Monday 20 Feb 2017

LONDON (ShareCast) - (ShareCast News) - Clinical stage biopharmaceutical company Faron Pharmaceuticals announced the enrolment of the first patient in the Phase II INFORAAA clinical trial of Traumakine for the treatment of multi-organ failure and mortality prevention of surgically operated ruptured abdominal aorta aneurysm patients on Monday.
The AIM-traded company said the high mortality rate of ruptured abdominal aorta aneurysm, which accounts for between four and five deaths per 100,000 people, requires new treatments to prevent postoperative reperfusion injury leading to the death of patients, which exhibits a 30-50% mortality rate.

It has been claimed that ruptured abdominal aorta aneurysm accounts for 13-14/100,000 hospital admissions annually, and is the second indication for Traumakine targeted by Faron.

Open surgical aortic repair to treat ruptured abdominal aorta aneurysm patients is associated with a systemic inflammatory response syndrome affecting vital organs, especially the heart, lungs, kidneys, and intestines.

The death of approximately 80% of the operated ruptured abdominal aorta aneurysm patients is reportedly caused by multi-organ failure, similar to patients with acute respiratory distress syndrome.

Traumakine is currently in a European Phase III clinical trial for the treatment of ARDS, with encouraging Phase I/II data.

The directors of Faron said they considered that the data seen to date supported the rationale for extending the use of Traumakine in similar conditions to potentially treat single, and multiple, organ failures.

During the Traumakine phase I/II study, there was a reduced need for haemodialysis - an indication of improved kidney function - among the ARDS patients on Traumakine, the board added.

"We are delighted to start the trial with the first patient enrolled in the Phase II INFORAAA trial for the reduction of post-operative ruptured abdominal aorta aneurysm patient mortality," said Faron CEO Markku Jalkanen.

"The main cause of death for these patients is multi-organ failure following a postoperative reperfusion injury of ischemic organs including kidneys, liver, brain and intestines."

Dr Jalkanen said the company believes Traumakine shows significant efficacy for the recovery of operated ruptured abdominal aorta aneurysm patients.

"Furthermore, there is a possibility that a positive outcome of both the INFORAAA and INTEREST trials could result in the INFORAAA trial fulfilling Phase III trial requirements.

"The clinical data of ruptured abdominal aorta aneurysm patients treated with FP-1201-lyo during the INFORAAA trial could also provide us with valuable information on the recovery of ischemic single organ injuries and planning further trials to treat these injuries."

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FARN Market Data

Currency UK Pounds
Share Price 233.69p
Change Today 8.69p
% Change 3.86 %
52 Week High 350.00p
52 Week Low 117.50p
Volume 13,302
Shares Issued 72.01m
Market Cap £168.28m

FARN Star Ratings

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52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
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37.04% above the sector average37.04% above the sector average37.04% above the sector average37.04% above the sector average37.04% above the sector average
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FARN Dividends

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Trades for 15-May-2024

Time Volume / Share Price
14:00 211 @ 240.00p
14:00 211 @ 240.00p
10:18 4 @ 230.00p
10:12 747 @ 240.10p
09:33 74 @ 240.00p

FARN Key Personnel

CEO Juho Jalkanen
Chair Tuomo Pätsi

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