Faron Pharmaceuticals Oy (DI) (FARN)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

142.50p
   
  • Change Today:
    -5.00p
  • 52 Week High: 350.00
  • 52 Week Low: 92.50
  • Currency: UK Pounds
  • Shares Issued: 104.62m
  • Volume: 6,706
  • Market Cap: £149.09m
  • Beta: 1.67

Faron upbeat on updated data from cancer treatment study

By Josh White

Date: Wednesday 23 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced updated survival data from the phase 1 and 2 study investigating the safety and efficacy of 'bexmarilimab' on Wednesday.
The AIM-traded firm said the updated results included the 30 patients from part one and the 110 patients from part two of the trial.

For all of the patients, the estimated median progression free survival was 59 days, and the estimated median overall survival was 157 days.

Landmark overall survival for patients who received three courses of treatment, and had their scheduled tumour imaging at cycle four, estimated that 70% of disease control rate patients were alive at nine months after the landmark, compared to 26% of non-DCR patients.

The most significant disease control rate among part two cohorts was in cutaneous melanoma, gastric cancer, cholangiocarcinoma, hepatocellular carcinoma, and breast cancer patients.

Faron said treatment with bexmarilimab was still well-tolerated, with no new safety signals reported and no treatment-related adverse events resulting in a decrease or modification of dosing.

As it previously announced, patients with low interferon gamma and tumour necrosis factor alpha levels experienced "significantly higher" clinical benefit following treatment with bexmarilimab - the opposite to what is usually seen with checkpoint inhibitors and other T cell activating agents.

Additionally, a more than 100% increase in interferon gamma levels was seen after the first cycle of bexmarilimab treatment among patients who experienced clinical benefit.

"The updated MATINS data shows even more clearly that heavily pre-treated, late-stage cancer patients who receive clinical benefit from bexmarilimab can achieve long term survival," said the company's chief medical officer, Marie-Louise Fjällskog.

"The ongoing biomarker analysis is also helping us better identify which patients are likely to respond and what happens in the tumour microenvironment when patients are treated with bexmarilimab."

At 1525 GMT, shares in Faron Pharmaceuticals were up 3.92% at 265p.

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FARN Market Data

Currency UK Pounds
Share Price 142.50p
Change Today -5.00p
% Change -3.39 %
52 Week High 350.00
52 Week Low 92.50
Volume 6,706
Shares Issued 104.62m
Market Cap £149.09m
Beta 1.67

FARN Star Ratings

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
52% below the sector average52% below the sector average52% below the sector average52% below the sector average52% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
51.02% below the sector average51.02% below the sector average51.02% below the sector average51.02% below the sector average51.02% below the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 1
Total 3
neutral
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FARN Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:04 1,000 @ 143.50p
15:48 130 @ 140.00p
15:39 340 @ 143.50p
15:38 688 @ 143.50p
15:26 1,550 @ 144.50p

FARN Key Personnel

CFO Yrjö E K Wichmann
CEO Juho Jalkanen
Chair Tuomo Pätsi

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