Faron Pharmaceuticals Oy (GB:FARN) has released an update.
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Faron Pharmaceuticals Oy has extended its financial runway into Q3 2024 and reached an agreement with IPF for a waiver extension to continue funding the development of its leading drug candidate, bexmarilimab. The company has taken significant cash preservation measures and is actively working to secure longer-term financing for pivotal trials and commercial partnerships. Faron’s new CEO, Dr. Juho Jalkanen, expresses gratitude to all stakeholders for their support in this critical phase.
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