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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: 117.50
Bid: 115.00
Ask: 120.00
Change: -0.50 (-0.42%)
Spread: 5.00 (4.348%)
Open: 117.50
High: 117.50
Low: 113.00
Prev. Close: 118.00
FARN Live PriceLast checked at -

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Faron Pharmaceuticals Alters Traumakine Study After US FDA Feedback

Thu, 06th Feb 2020 14:17

(Alliance News) - Faron Pharmaceuticals Oy on Thursday said it has amended a trial for its Traumakine medication after receiving feedback from the US Food & Drug Administration.

The medication, designed to prevent acute respiratory distress syndrome, where a patient's lungs become very inflamed as a result of a injury or an infection.

Traumakine works by using the interferon-beta protein, found in the human body, to restore the endothelial barrier, found in the lining of blood vessels.

According to the FDA, studies on Traumakine should not use overlapping steroids which "block the desired therapeutic effect" of the drug.

Faron said: "Faron will continue to work in close collaboration with the FDA to achieve final approval for the next study."

The company also noted a report by the World Health Organisation which stated steroids should not be used on patients infected by the coronavirus.

Faron explained that steroids may block production of interferon-beta, which will be detrimental to patients with the virus.

China's coronavirus crisis deepened on Thursday with the death toll reaching 563.

Faron shares were 0.4% lower at 225.00p each in London on Thursday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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(Alliance News) - Faron Pharmaceuticals Ltd on Monday said it appointed a new interim chief financial officer to replace the outgoing James O'Brien.

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Faron Pharmaceuticals CFO stands down

(Sharecast News) - Clinical-stage biopharmaceutical company Faron Pharmaceuticals revealed on Monday that chief financial officer James O'Brien would be leaving the group to "pursue another career opportunity".

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(Alliance News) - Faron Pharmaceuticals Ltd on Monday said it will promote its chief operating officer to chief executive to replace his father, the company's founder.

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(Alliance News) - Faron Pharmaceuticals Ltd on Monday said it will promote its chief operating officer to chief executive to replace the company's founder.

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(Sharecast News) - Biopharmaceutical company Faron Pharmaceuticals named Dr Juho Jalkanen as its next chief executive officer on Monday.

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Faron shares jump on encouraging trial data

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Faron Pharmaceuticals shares jump on positive data from Bexmab study

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