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Pin to quick picksFaron Pharma Share News (FARN)

Share Price Information for Faron Pharma (FARN)

London Stock Exchange
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Share Price: 215.00
Bid: 210.00
Ask: 220.00
Change: 17.50 (8.86%)
Spread: 10.00 (4.762%)
Open: 192.50
High: 238.00
Low: 213.00
Prev. Close: 197.50
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Faron Pharma raises ?2.3m to keep it going through the start of 2020

Tue, 27th Aug 2019 16:34

(Sharecast News) - Clinical stage biopharmaceutical company Faron Pharmaceuticals has received valid acceptances and excess applications from qualifying shareholders for a total of 859,513 open offer shares, raising gross proceeds of around €1.01m (£0.92m) at the issue price of 106p per share and at the euro issue price of 119 cents per share, it announced on Tuesday.
The AIM-traded firm said that in addition to subscriptions under the open offer, it had accepted additional subscriptions for 320,000 new ordinary shares at the euro issue price of 119 cents, to raise additional gross proceeds of about €0.38m.

As a result, it had raised approximately €2.5m (£2.3m) before expenses through the subscription, further subscription and open offer.

The board said the net proceeds of the subscription, open offer and further subscription were expected to provide the company with working capital into early in the first quarter of 2020.

"Applications have been made to the London Stock Exchange for 859,513 open offer shares and 320,000 further subscription shares to be admitted to trading on AIM," the Faron Pharma board said in its statement.

"It is expected that admission of the open offer shares and further subscription shares would take place at 0800 BST on 28 August."
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IN BRIEF: Faron Pharmaceuticals Plans To Raise EUR15 Million

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Faron Pharmaceuticals Gets USD6 Million Funding For Covid-19 Treatment

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23 Nov 2020 21:12

IN BRIEF: Four Cohorts In Faron Pharmaceuticals Study Move To Part 3

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24 Sep 2020 14:02

IN BRIEF: Faron Pharmaceuticals Says Virus Barely Affected Operations

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17 Sep 2020 16:03

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18 Aug 2020 11:55

Faron Gets EUR2.5 Million Loan Guarantee For Traumakine Production

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15 Jun 2020 13:05

IN BRIEF: Faron Pharma Receives EUR2.1 Million Loan To Develop Product

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15 Jun 2020 12:44

Faron Pharmaceuticals gets Finnish state loan for manufacturing process

(Sharecast News) - Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced plans to initiate a new "state-of-the-art" process for the manufacturing of 'interferon' (IFN) beta-1a on Monday.

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11 Jun 2020 13:51

Faron receives EIC grant for 'MATINS' study

(Sharecast News) - Clinical-stage biopharmaceuticals company Faron Pharmaceuticals has been selected to receive a €2.5m (£2.24m) grant from the European Innovation Council's 'Accelerator' pilot scheme, it announced on Thursday, to progress the 'MATINS' study, and related business activities.

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