Faron Pharma leaps on new data for Clevegen

22 March 2021

London-listed Finnish biopharma company Faron Pharmaceuticals (AIM: FARN) saw its shares rise as much as 20% to 377 pence this morning, after it said its cancer drug had reduced risk of death by 88% in a clinical trial.

Faron provided an update from its ongoing Clevegen (bexmarilimab) MATINS study, indicating significant efficacy signals among a number of patients in Part II of the trial, alongside a recommendation from the study's data monitoring committee (DMC) to increase the dosing frequency in all cohorts showing early clinical benefits.

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