Faron Pharmaceuticals Oy (DI) (FARN)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

238.00p
   
  • Change Today:
    -27.00p
  • 52 Week High: 350.00
  • 52 Week Low: 117.50
  • Currency: UK Pounds
  • Shares Issued: 72.01m
  • Volume: 36,719
  • Market Cap: £171.38m

Faron Pharmaceuticals taps Juho Jalkanen for CEO

By Iain Gilbert

Date: Monday 08 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Biopharmaceutical company Faron Pharmaceuticals named Dr Juho Jalkanen as its next chief executive officer on Monday.
Jalkanen, currently the group's chief operating officer, will take over from Dr Markku Jalkanen, who turns 70 later in 2024, with effect from 1 May.

"I am very happy that the AGM approved the proposals by the board of directors, creating an opportunity for the company to continue efforts on fundraising for a longer-term solution. I have worked for the company since its inception in 2006 and feel that now is the right time for me to retire as CEO of the company and leave the operative helm," said Dr Markku Jalkanen.

"The board and I have a plan for a seamless CEO transition and now is the time to make that move. I will continue to give my support to the company and the new CEO in my continuing role as board member. I also strongly believe in the promise of bexmarilimab to provide a new safe and effective cancer treatment option for a vast patient group, either as a stand-alone or combination therapy."

As of 0915 BST, Faron shares were up 1.47% at 134.45p.



























Reporting by Iain Gilbert at Sharecast.com

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FARN Market Data

Currency UK Pounds
Share Price 238.00p
Change Today -27.00p
% Change -10.19 %
52 Week High 350.00
52 Week Low 117.50
Volume 36,719
Shares Issued 72.01m
Market Cap £171.38m

FARN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average64.71% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average44.44% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 0
Sell 1
Strong Sell 1
Total 3
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

FARN Dividends

No dividends found

Trades for 21-May-2024

Time Volume / Share Price
15:28 4,094 @ 244.00p
16:22 12 @ 230.00p
16:09 12 @ 245.00p
16:00 1,053 @ 234.00p
14:35 406 @ 245.00p

FARN Key Personnel

CEO Juho Jalkanen
Chair Tuomo Pätsi

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