RE: Rights Issue12 Mar 2026 08:56
I look back at the previous couple of raises by them and in Oct 22 and then the Feb 24, the SP on each occasion did a severe positive correction upwards, I am anticipating the same market price behaviour on this occasion. Hope I'm right for once !!!
The science has not changed, as the CEO states:
'In 2025, we continued to make steady progress in advancing our lead asset bexmarilimab and solidifying our position in the field of immunotherapy. Throughout the year, we achieved significant clinical and regulatory milestones and presented continuously improving data from the BEXMAB trial in higher-risk myelodysplastic syndrome (HR MDS), demonstrating the potential of bexmarilimab to overcome treatment resistance in areas of high unmet need.
We are now at a pivotal stage in the development of bexmarilimab. With the proposed offering, we aim to conduct a randomised Phase II trial with bexmarilimab in combination with azacitidine in frontline HR MDS. This trial path and design have been discussed with the FDA, and it is in line with the first FDA guidelines for MDS for the industry published in the second half of 2025. Additionally, we aim to support up to five investigator‑initiated trials (IITs) across multiple solid tumours and blood cancers.
Faron has been engaged in several discussions with potential partners for the future development of bexmarilimab. We believe that reaching a strategic partnership or acquisition of sufficient value to achieve a good return for investors is considerably more likely and more valuable with randomised Phase II data in HR MDS and with more combination data in other indications.
With the results generated to date, we are convinced that bexmarilimab has the potential to become the next standard of care in HR MDS and possible other indications.'