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Faron Pharmaceuticals Oy ( (GB:FARN) ) just unveiled an announcement.
Faron Pharmaceuticals Ltd announced a correction to its half-year financial results for 2025, adding required financial statements to comply with AIM market rules. During the first half of 2025, Faron achieved significant clinical milestones, including positive results in phase II trials for high-risk myelodysplastic syndrome (HR-MDS) and receiving orphan drug designation for bexmarilimab from both the EMA and FDA. Financially, the company raised EUR 12 million through a private placement and entered a EUR 35 million convertible bond arrangement to strengthen its financial position. The company also reported an operating loss of EUR 11.9 million, with cash reserves of EUR 13.5 million as of June 30, 2025.
More about Faron Pharmaceuticals Oy
Faron Pharmaceuticals Ltd is a clinical-stage biopharmaceutical company based in Turku, Finland. The company focuses on reprogramming myeloid cells to activate anti-tumor immunity in hematological and solid tumor microenvironments. Its primary product, bexmarilimab, is being developed for the treatment of myelodysplastic syndrome (MDS).
See more insights into FARN stock on TipRanks’ Stock Analysis page.