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Pin to quick picksFaron Pharmaceuticals Share News (FARN)

Share Price Information for Faron Pharmaceuticals (FARN)

London Stock Exchange
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Share Price: 185.00
Bid: 180.00
Ask: 190.00
Change: 7.50 (4.23%)
Spread: 10.00 (5.556%)
Open: 177.50
High: 185.00
Low: 177.50
Prev. Close: 177.50
FARN Live PriceLast checked at -

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Faron Pharmaceuticals Submits Clinical Trial Application For Clevegen

Mon, 17th Sep 2018 10:37

LONDON (Alliance News) - Faron Pharmaceuticals Oy said Monday it has filed a clinical trial application for its cancer immunotherapy drug Clevegen.

Clevegen, an anti-Clever-1 antibody, changes the immune environment of tumours by changing suppressive macrophages into active macrophages.

Faron said the filing is a "key" step in its ongoing study into the safety and effectiveness of Clevegen. Cancers under investigation include cutaneous melanoma, pancreatic, ovarian, and colorectal.

Chief Executive Markku Jalkanen said: "We are making rapid progress with our Clevegen programme and this CTA filing is an important milestone.

"This precision therapy for cancers with very few treatment options has a unique mechanism of action which, coupled with promising pre-clinical data and human ex-vivo data, already indicates the product's potential in a broad range of indications. We look forward to beginning patient recruitment later this year and moving Clevegen into the clinic."

Shares were 4.0% higher on Monday at a price of 102.95 pence each.

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