Faron Pharmaceuticals Oy (DI) (FARN)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

240.00p
   
  • Change Today:
      15.00p
  • 52 Week High: 350.00
  • 52 Week Low: 117.50
  • Currency: UK Pounds
  • Shares Issued: 72.01m
  • Volume: 16,310
  • Market Cap: £172.82m

Faron Pharmaceuticals confirms publication of 'crucial' study

By Josh White

Date: Wednesday 20 May 2020

LONDON (ShareCast) - (Sharecast News) - Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Wednesday that the results of its detailed analyses into the effects of glucocorticoids on intravenous interferon beta-1a activity, which arose following the 'INTEREST' trial in 2018, had been published in critical care journal Intensive Care Medicine.
The AIM-traded firm said the results showed that the desired mechanism of action of intravenous interferon beta-1a in the lung vasculature - the upregulation of CD73 - was blocked by the administration of glucocorticoids.

In addition, the administration of glucocorticoids with intravenous interferon beta-1a increased mortality in patients with acute respiratory distress syndrome, compared to patients administered with intravenous interferon beta-1a alone.

As it had previously announced, Faron said analysis from the INTEREST trial showed day 28 mortality for patients receiving concomitant glucocorticoids with intravenous interferon beta-1a was 39.7%, compared to 10.6% for patients receiving intravenous interferon beta-1a alone.

"This is a crucial publication for the critical care community, detailing the important scientific detective work that has been undertaken since the unexpected readout from the INTEREST trial," said chief executive officer Dr Markku Jalkanen.

"It is especially important in these times when intensive care units are filled with Covid-19 patients, many of whom may be receiving treatment with glucocorticoids.

"Prior clinical data have shown that glucocorticoids are harmful in viral-induced ARDS and the World Health Organization has already recommended not to use glucocorticoids in severely ill Covid-19 patients."

Dr Jalkanen said the published and peer-reviewed data showed the mechanistic reason behind that, with the results described as being "without dispute".

"The potential lung protective effects of interferon beta through upregulation of CD73, should it be endogenous or exogenous, are lost with the administration of glucocorticoids."

In recent weeks, Faron had announced that its investigational intravenous interferon beta-1a, or 'Traumakine', was being trialled in two global studies investigating potential Covid-19 treatments.

Those are the World Health Organization's 'Solidarity' study, involving more than 90 countries, and the global REMAP-CAP trial underway across close to 200 sites in 14 countries.

The company said it was continuing to develop Traumakine as a treatment for ARDS patients.

As it announced in March, the US Food and Drug Administration (FDA) accepted Faron's proposed protocol design for the next Traumakine study, which would exclude the use of concomitant glucocorticoids.

At 1020 BST, shares in Faron Pharmaceuticals were up 1.52% at 368p.

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FARN Market Data

Currency UK Pounds
Share Price 240.00p
Change Today 15.00p
% Change 6.67 %
52 Week High 350.00
52 Week Low 117.50
Volume 16,310
Shares Issued 72.01m
Market Cap £172.82m

FARN Star Ratings

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Value
Market averageMarket averageMarket averageMarket averageMarket average
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
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
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
Income Not Available
Growth Not Available

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Buy 1
Neutral 0
Sell 1
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Total 3
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FARN Dividends

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Trades for 15-May-2024

Time Volume / Share Price
16:35 2,000 @ 240.00p
16:35 2,000 @ 240.00p
16:23 905 @ 242.50p
16:11 1 @ 243.00p
16:09 2 @ 243.00p

FARN Key Personnel

CEO Juho Jalkanen
Chair Tuomo Pätsi

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