Faron Pharmaceuticals Oy (GB:FARN) has released an update.
Faron Pharmaceuticals Oy has received promising guidance from the FDA for its cancer drug bexmarilimab, suggesting a Phase III study for high-risk myelodysplastic syndrome (HR MDS) that could lead to accelerated approval and a faster than expected increase in the company’s sales forecast. The FDA’s proposal streamlines the development process, potentially reducing costs and time to market, confirming bexmarilimab’s efficacy in overcoming resistance to existing treatments. Faron is adjusting its development plan in light of the FDA’s feedback, aiming to address the urgent need for new HR MDS treatments.
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