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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.

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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 Figures08.08.2022

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

They are only selling the shares they received as repayment. In other words, those shares that converted from indirect ownership to direct ownership...
yesterday
by OsakasOssi
5
The TOP100 has been updated, and there were a few larger additions. @Paavo_Koivisto, would it be possible to have the changes in nominee-registered...
yesterday
by Tuul1puku
5
That “made up out of thin air” remark is quite unnecessary and doesn’t exactly encourage one to keep writing here. The fact that an interpretation...
5/29/2026, 11:14 AM
by Pati_
34
I apologize for my offensive message; I will strive to do better in the future.
5/29/2026, 10:29 AM
by Valle
6
Or then they have been looking for a party that wants to buy a larger block of shares at once, and BoA might want to play the long game either...
5/29/2026, 10:16 AM
by MyrtsiZzz
5
I would interpret this slightly differently. In my view, the more likely explanation is that they are managing HCM’s 9.99 percent ownership ...
5/29/2026, 9:57 AM
by Pati_
8
Quite an interesting move in my opinion. I wonder if HCM is building some kind of hedge-style protection here? Perhaps they have specifically...
5/29/2026, 9:34 AM
by Valle
3