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Why is FARN down 3.92%?
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FARN:LON
Faron Pharmaceuticals Oy
GBX 35.07
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-3.92%(-1.43) 1D
Oct 13, 4:30:00 PM GMT+1 · GBX
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| Symbol | Price | Change | % Change |
|---|
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Open
GBX 38.00
High
GBX 38.00
Low
GBX 35.07
Mkt. cap
70.98M
Avg. vol.
42.86K
Volume
27.01K
52-wk high
GBX 193.58
52-wk low
GBX 34.00
EPS
-GBX 0.10
Shares outstanding
31.03M
No. of employees
36
Open
GBX 38.00
High
GBX 38.00
Low
GBX 35.07
Mkt. cap
70.98M
Avg. vol.
42.86K
Volume
27.01K
52-wk high
GBX 193.58
52-wk low
GBX 34.00
EPS
-GBX 0.10
Shares outstanding
31.03M
No. of employees
36
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Profile
Faron Pharmaceuticals is a Finnish drug discovery and development company based in Turku, Finland.
The company was founded in 2003 by a group led by Markku Jalkanen, who now acts as the company's Chief Executive Officer. It specialises in the development of treatments for acute organ traumas, vascular damage and cancer immunotherapy.
Its lead product Traumakine has been developed to treat acute respiratory distress syndrome. It is currently undergoing international phase III clinical trials after an open-label, early-phase trial showed promising results in the treatment patients with ARDS. The drug is known to function by enhancing lung CD73 expression and increasing production of anti-inflammatory adenosine, such that vascular leaking and escalation of inflammation are reduced. The U.S. Food and Drug Administration FDA has accepted the proposed protocol design for the next Traumakine study in March 2020. The phase III study is a comparison of efficacy in the treatment of patients with ARDS.
In 2020 Traumakine was selected to take part in the WHO Solidarity trial and REMAP-CAP trials to find drugs for the symptoms of Covid_19. Wikipedia
About Faron Pharmaceuticals Oy