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Research

Faron Pharmaceuticals: Blood cancer study BEXMAB in full swing

By Antti SiltanenAnalyst
Faron Pharmaceuticals
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Faron has prepared for increased bexmarilimab production and accelerated its BEXMAB study, which resulted in higher R&D costs and a weaker result than we expected. Our estimate changes are marginal, as we recently updated our assessment of the progress of the drug development program. The valuation picture remains unchanged compared to our assessment in January, as there have been no major changes in the timing or financial outlook of the studies.

Faron is a global, clinical-stage biopharmaceutical company, focused on tackling cancers via novel immunotherapies. Its mission is to bring the promise of immunotherapy to a broader population by uncovering novel ways to control and harness the power of the immune system. The Company's lead asset is bexmarilimab, a novel anti-Clever-1 humanized antibody, with the potential to remove immunosuppression of cancers through reprogramming myeloid cell function. Bexmarilimab is being investigated in Phase I/II clinical trials as a potential therapy for patients with hematological cancers in combination with other standard treatments.

Read more on company page

Key Estimate Figures2023-03-06

202223e24e
Revenue0.00.00.0
growth-%
EBIT (adj.)-27.4-15.8-3.1
EBIT-% (adj.)-685,650.0 %-394,522.5 %-76,864.0 %
EPS (adj.)-0.48-0.25-0.05
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.

Forum discussions

clinicaltrialsregister.eu Clinical Trials Register This is the official page
11 hours ago
by Clark kent
5
Old information. It was initially planned as an investigator-initiated trial. In that text, there is a link to this previous clinical trials...
11 hours ago
by jerej
7
I read that halfway through and then I came across something strange. Smarter people can explain this again. Merck’s Pembro has been added to...
12 hours ago
by Kilohai80
2
In my opinion, a very objective explanation/listing of what BEX is currently being studied for can be found on the EU clinical trials website...
12 hours ago
by Kulkuri
10
Let’s talk about what’s missing. What does it look like from the perspective of the other negotiating party? Sentiment is improving because ...
19 hours ago
by Vino Pino
41
Bayer’s Finnish operations have a turnover of almost a billion. Bayer pays more corporate tax to Finland.
yesterday
9
Denmark has no forests, so there Novo (and a couple of other pharmaceutical companies) are responsible for GDP growth. In Finland, there’s only...
yesterday
by Sebastian Soderholm
9
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