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Faron Pharmaceuticals Oy ( (GB:FARN) ) has shared an update.
Faron Pharmaceuticals Ltd has registered 5,352,989 new shares, including 352,989 shares from the exercise of special rights, at a subscription price of EUR 907,499.42. This move, which follows the issuance of 5,000,000 treasury shares, increases the company’s total ordinary shares to 116,954,597, with 5,000,000 shares held in treasury. The registration of these shares, expected to commence trading on First North and AIM, reflects Faron’s strategic financial maneuvers to support its operations and potential future conversions, impacting shareholder voting rights and market positioning.
More about Faron Pharmaceuticals Oy
Faron Pharmaceuticals Ltd is a global, clinical-stage biopharmaceutical company focused on developing novel immunotherapies to tackle cancers. The company aims to broaden the reach of immunotherapy by exploring innovative ways to control and utilize the immune system. Its leading product, bexmarilimab, is a humanized antibody designed to counteract cancer immunosuppression by reprogramming myeloid cell function. Bexmarilimab is currently undergoing Phase I/II clinical trials as a potential treatment for hematological cancers in combination with standard therapies.
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