Faron Pharmaceuticals Oy (DI) (FARN)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

225.00p
   
  • Change Today:
      10.00p
  • 52 Week High: 350.00
  • 52 Week Low: 117.50
  • Currency: UK Pounds
  • Shares Issued: 72.01m
  • Volume: 21,232
  • Market Cap: £162.02m

Faron says Traumakine trial on track as it expands data target

By Josh White

Date: Monday 11 Dec 2017

LONDON (ShareCast) - (ShareCast News) - Clinical stage biopharmaceutical company Faron Pharmaceuticals has completed recruitment on track for its Phase III INTEREST trial of 'Traumakine' for the treatment of moderate to severe acute respiratory distress syndrome (ARDS), it announced on Monday.
The AIM-traded firm said that, in addition to the completion of recruitment, it adopted recommendations from the INTEREST trial's independent data monitoring committee (IDMC) and steering committee to present patient data showing blinded ARDS outcomes at 90 days in addition to the day 28 mortality endpoint.

Outcomes at day 90 were widely recognised to be as important clinically when judging the benefit of treatment alongside the day 28 data, Faron's board explained.

"This recommendation was made following the FDA's recent proposal for Faron to proceed directly to BLA filing for Traumakine in the US using data obtained from the European and Japanese trials," the board said in its statement.

It therefore expected that the INTEREST top-line data from the trial would become available in the first half of 2018 following collation of the day 90 data.

Faron said it Japanese partner Maruishi also expected Japanese phase III results in 2018.

"We are extremely pleased to have completed recruitment for the INTEREST study within our expected timelines and are grateful for all parties involved in reaching this milestone," said Faron CEO Dr Markku Jalkanen.

"Closing the recruitment marks another important step for Traumakine and Faron.

"Our focus is now on closing the data basis for readout purposes and bringing this product to the market as expeditiously as possible in order to provide patients with this life threatening condition a treatment option where currently there is none."

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FARN Market Data

Currency UK Pounds
Share Price 225.00p
Change Today 10.00p
% Change 4.65 %
52 Week High 350.00
52 Week Low 117.50
Volume 21,232
Shares Issued 72.01m
Market Cap £162.02m

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 14-May-2024

Time Volume / Share Price
16:03 48 @ 230.00p
15:12 1,473 @ 230.00p
13:30 345 @ 230.00p
13:09 652 @ 230.00p
11:16 30 @ 230.00p

FARN Key Personnel

CEO Juho Jalkanen
Chair Tuomo Pätsi

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