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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Extensive research

Risky investment with huge potential

By Antti SiltanenAnalyst
Faron Pharmaceuticals
Download report (PDF)

Faron Pharmaceuticals is a clinical stage biopharmaceutical company whose three drug candidates relate to the modulation of immune system or inflammatory response. Faron is a very high-risk investment as drug development requires frontloaded investments in research, while the success of commercialization is very uncertain. If the drug candidates enter the market, the invested capital can be multiplied. However, failure of drug development is frequent and, in that case, the invested capital may be partially or totally lost. We believe the share provides sufficient expected return to counterbalance the high risk. The share is suitable for a long-term investor that tolerates high risk as part of a well-diversified portfolio. A person investing in Faron must also be prepared for share issues.

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 Figures2022-08-08

202122e23e
Revenue0.00.00.0
growth-%
EBIT (adj.)-21.1-22.0-0.8
EBIT-% (adj.)-527,700.0 %-550,000.0 %-19,500.0 %
EPS (adj.)-0.38-0.39-0.02
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.

Forum discussions

If we believe/assume that Juho’s webcast comment and Bono’s phrase “ineligible while entering the trial” mean that these were patients who were...
6/17/2026, 9:31 PM
by Makkispekkis1
39
Well yeah, it shouldn’t explicitly, but neither has been excluded, so I assume both will end up in the study. The real question here is, of ...
6/17/2026, 9:13 PM
by Clark kent
5
Can one conclude that there SHOULD be both, i.e., it is mandatory to include both eligible and ineligible? In other words, could it also be ...
6/17/2026, 9:05 PM
by Makkispekkis1
4
Officially, being “unfit for transplant” was not an inclusion criterion ClinicalTrials.gov (scroll down to find it). It was also not an exclusion...
6/17/2026, 8:40 PM
by Clark kent
12
Do you mean that “transplant-ineligible” was not an officially defined inclusion criterion in the BEXMAB study protocol (I couldn’t find immediate...
6/17/2026, 8:03 PM
by Makkispekkis1
15
It’s not worth shouting for or against anything without better information. He is still on the nomination committee and involved with a very...
6/17/2026, 6:48 PM
by Sperakartio
13
That criterion is in the upcoming Bexera trial, not in Bexmab, the results of which we have now…
6/17/2026, 6:47 PM
by Clark kent
2