Faron Pharmaceuticals Oy (DI) (FARN)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 217.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 234.00
  • 52 Week Low: 52.49
  • Currency: UK Pounds
  • Shares Issued: 38.18m
  • Volume: 95,898
  • Market Cap: £83.03m

Faron Pharmaceuticals hits bump in road for Traumakine manufacturing

By Josh White

Date: Wednesday 02 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Wednesday that, further to its update in its interim results in relation to the active pharmaceutical ingredient (API) manufacturing process for 'Traumakine', Rentschler Biopharma has sent Faron a letter in which it terminated the agreement concerning the API manufacturing.
The AIM-traded firm said it understood that related to the fact that "significant" upgrading of the API manufacturing process would be required prior to MAA/BLA approval for Traumakine.

"The company is exploring various options for future API manufacturing," the board said in its statement.

"This termination has no impact on the currently on-going clinical advice process with FDA/EMA, which focuses on the structure of the next Traumakine clinical study."

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FARN Market Data

Currency UK Pounds
Share Price 217.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 234.00
52 Week Low 52.49
Volume 95,898
Shares Issued 38.18m
Market Cap £83.03m

FARN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
89.66% below the sector average89.66% below the sector average89.66% below the sector average89.66% below the sector average89.66% below the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
49.15% above the sector average49.15% above the sector average49.15% above the sector average49.15% above the sector average49.15% above the sector average
Income Not Available
Growth Not Available

FARN Dividends

No dividends found

Trades for 13-Nov-2019

Time Volume / Share Price
16:36 5,000 @ 218.95p
16:21 500 @ 218.95p
15:58 137 @ 218.95p
15:53 60 @ 220.00p
14:46 5,000 @ 218.95p

FARN Key Personnel

CEO Markku Jalkanen
CFO Yrjö E K Wichmann

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