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Research

Faron Pharmaceuticals: Research program progressing as planned

By Antti SiltanenAnalyst
Faron Pharmaceuticals
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We have updated our assessment of the progress of Faron’s research program and based on that, the commercial potential of the company's drug candidates. The individual studies of the research program have largely progressed as we expected and the changes to our model are moderate in size. The most important change is the increased number of blood cancer patients who could potentially benefit from bexmarilimab (BEX). However, since October, the share price has increased more than our fair value, which weakens the share’s risk/return ratio. We believe the share is close to the upper limit of its fair value range.

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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 Figures09.01.2023

202122e23e
Revenue0.00.00.0
growth-%
EBIT (adj.)-21.1-22.1-0.8
EBIT-% (adj.)-527,700.0 %-551,975.0 %-20,292.5 %
EPS (adj.)-0.38-0.36-0.02
Dividend0.000.000.00
Dividend %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.

Forum discussions

It looks like my posts have been used as training data in this AI analysis.
1 hour ago
by Clark kent
4
Exactly. Everything looked just like that back then, and since hindsight is the easiest thing, and I don’t even understand the “wisdom” part...
2 hours ago
0
This is what I already tried to ask on 27.1.26, but since you guys don’t answer correctly Inderes also reports that MEDSIR is funding, but it...
2 hours ago
by Vino Pino
7
Sure, sure. If phase 2 is implemented here, the rights to the data will certainly have a hefty price. Especially if high-quality data suitable...
2 hours ago
by Clark kent
4
Could Medsir still get money from treating patients? I mean, if it’s a for-profit company?
2 hours ago
0
Why would Medsir fund research without any revenue?
2 hours ago
1
If any future potential returns from Bex, such as royalties, were to be shared with MEDSIR or others through agreements, it would likely have...
2 hours ago
by Vino Pino
9
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