Faron Pharmaceuticals (AIM: FARN, First North: FARON) is a global, clinical-stage biopharmaceutical company, focused on creating innovative cancer treatments that leverage the patient’s own immune system.
The Company’s lead asset bexmarilimab is currently being investigated in Phase I/II clinical trial as a potential therapy for patients with hematological cancers in combination with other standard treatments.
Faron has a potential for future value creation and is aiming to enter into a global partnership agreement to commercialize its lead asset bexmarilimab and fund Phase III of the clinical trial.
FARON’S KEY STRENGTHS
1. New and revolutionary therapies for cancer treatment
- The company is developing bexmarilimab for the treatment of blood cancers, especially MDS, and solid tumours.
2. Strong scientific base
- Faron’s management team consists of top biomedical experts.
- Faron has a prestigious and internationally recognized scientific council.
- Faron has 23 active patent families.
3. A fast-growing target market with limited competition
- The MDS market is a large and growing market that is estimated to reach USD 4.5 billion in 2028.
- The company also intends to study the use of bexmarilimab in solid tumours, which would significantly expand the target market.
4. Encouraging bexmarilimab Phase I and II Results
- Preliminary phase II results confirmed previous positive results on the efficacy of bexmarilimab against several malignant blood cancers.
- The FDA granted bexmarilimab accelerated treatment status for the treatment of r/r MDS.
5. Possibility of future value increase
- Faron aims to enter into a global partnership agreement to commercialise bexmarilimab and fund a phase III clinical trial.
The information above is disclosed in accordance with Rule 26 of the AIM Rules for Companies.