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Faron Pharmaceuticals Oy ( (GB:FARN) ) has issued an announcement.
Faron Pharmaceuticals Ltd has announced the grant of 876,000 options over ordinary shares under its Share Option Plan 2019, which includes UK and US sub-plans. These options, exercisable between April 2026 and April 2031, are part of the company’s strategy to incentivize its directors and personnel, potentially impacting its market positioning by aligning stakeholder interests with company growth. The options represent 0.78% of the company’s fully diluted ordinary share capital, with significant allocations to key directors and personnel.
More about Faron Pharmaceuticals Oy
Faron Pharmaceuticals Ltd is a global, clinical-stage biopharmaceutical company focused on developing novel immunotherapies to combat cancer. The company’s lead asset, bexmarilimab, is an anti-Clever-1 humanized antibody aimed at reprogramming myeloid cell function to reduce cancer immunosuppression. Bexmarilimab is currently under investigation in Phase I/II clinical trials for its potential use in treating hematological cancers in combination with standard treatments.
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