Faron hosts R&D Day today in London

RNS Number : 4605F

Faron Pharmaceuticals Oy

21 February 2018

 

Faron Pharmaceuticals Ltd

("Faron" or the "Company")

Faron hosts R&D Day today in London

TURKU - FINLAND, 21 February 2018 - Faron Pharmaceuticals Ltd ("Faron") (AIM: FARN), the clinical stage biopharmaceutical company, will today host an R&D Day to discuss its R&D strategy and pipeline developments, including a focus on Clevegen, Faron's second wholly-owned pipeline product. The event will take place today from 13:00 to 15:00 GMT at the offices of Panmure Gordon, One New Change, London, EC4M 9AF. No new price sensitive information will be disclosed.

Markku Jalkanen, Chief Executive Officer, will host the event together with members of the Executive Leadership and senior management teams. In addition, the following external experts will provide additional perspectives on both Traumakine and Clevegen:

·      Professor Geoff Bellingan, Medical Director, University College London Hospital

·      Assistant Professor Maija-Leena Hollmén, Medicity Laboratory, University of Turku

·      Dr. Shishir Shetty, Honorary Consultant Hepatologist, University of Birmingham

Traumakine

Traumakine, the Company's wholly-owned product for the treatment of Acute Respiratory Distress Syndrome (ARDS) is currently in two Phase III trials (INTEREST in Europe and MR11A8-2 in Japan). Top-line data from the INTEREST trial continue to be expected in early Q2 2018, and completion of recruitment into the Japanese trial is anticipated around mid-2018.

Faron will provide an update on regulatory, commercial and manufacturing activities for Traumakine including:

·      Allocation of resources in preparation of filing a Marketing Authorisation Application (MAA) and Biologics License Application (BLA) with the European Medicines Agency (EMA) and the US Food and Drug Administration (FDA), respectively, in H1 2019.

·      Preparations for commercial launch in order to meet the expected market demand for Traumakine both pre- and post-launch, including an update on manufacturing capabilities.

Clevegen

Clevegen is Faron's second wholly-owned pipeline product approaching the start of Phase I/II development in 2018. An update will be provided on progress to date and an outline of the next steps and timelines including:

·      The update includes results from GMP manufacturing in collaboration with Abzena, the overview from the first set of toxicological studies which indicate no sign of serious adverse events, and an outline of adaptive trial design, the MATINS trial, which accommodates dose escalation and efficacy reading in four different solid tumours (liver, pancreas, ovarian and melanoma).

·      Clevegen clinical trial plans with initiation planned during Q3 2018.

·      The expert talks include both in vivo and ex vivo information on Clevegen efficacy activity in animal and human tumours.

Agenda and presentations

Time	Presentation	Presenter
12:15	Registration and lunch
13.00	Faron corporate review - update on R&D strategy and pipeline developments	Markku Jalkanen CEO, Faron Pharmaceuticals
13.10	Traumakine in ARDS: Hope is there	Prof. Geoff Bellingan Medical Director, University College London Hospital
13.30	Expansion of Traumakine use to single organ protection	Dr. Juho Jalkanen VP Business Development, Faron Pharmaceuticals
13.45	Traumakine pre-launch and launch commercialisation strategy	Dr. Juhana Heinonen Chief Commercial Officer, Faron Pharmaceuticals
14.00	Clevegen introduction and strategy	Markku Jalkanen
14.05	Clevegen - promoting anti-tumour immunity	Ass. Prof. Maija-Leena Hollmén Medicity Laboratory, University of Turku
14.25	Solid tumour targeting with Clevegen	Dr. Shishir Shetty Honorary Consultant Hepatologist, University of Birmingham
14.45	Clevegen program update	Dr. Jami Mandelin Research Director, Faron Pharmaceuticals
14.55	Summary	Markku Jalkanen
15:00	Q&A and networking

Webcast and Conference Call Details

The event will be webcast live and can be accessed here: https://edge.media-server.com/m6/p/k75yvfgm

Dial in details:

International:                         [phone]

US:                                      [phone]

Confirmation code:                 9982787

A replay will be made available on the investor section of Faron's website shortly after the event.

If you would like to register for the event, please contact [e-mail].

For more information please contact:

Faron Pharmaceuticals Ltd

Dr Markku Jalkanen, Chief Executive Officer

[e-mail] 

Consilium Strategic Communications

Mary-Jane Elliott, Matthew Neal, Philippa Gardner, Lindsey Neville

Phone: [phone]

E-mail: [e-mail]

Westwicke Partners, IR (US)

Chris Brinzey

Phone: [phone]

E-Mail: [e-mail]

Panmure Gordon (UK) Limited, Nomad and Broker

Freddy Crossley, Ryan McCarthy (Corporate Finance)

Tom Salvesen, Amy Sarra (Corporate Broking)

Phone: [phone]

About Faron Pharmaceuticals Ltd

Faron (AIM:FARN) is a clinical stage biopharmaceutical company developing novel treatments for medical conditions with significant unmet needs. The Company currently has a pipeline focusing on acute organ traumas, vascular damage and cancer immunotherapy. The Company's lead candidate Traumakine, to prevent vascular leakage and organ failures, is currently the only treatment for Acute Respiratory Distress Syndrome ("ARDS") undergoing Phase III clinical trials and in 2017 received advice from US FDA to proceed directly to BLA submission following completion of EU and Japanese Phase III studies.  There is currently no approved pharmaceutical treatment for ARDS. An additional European Phase II Traumakine trial is underway for the Rupture of Abdominal Aorta Aneurysm ("RAAA"). Faron's second candidate Clevegen is a ground breaking pre-clinical anti-Clever-1 antibody. Clevegen has the ability to switch immune suppression to immune activation in various conditions, with potential across oncology, infectious disease and vaccine development. This novel macrophage-directed immuno-oncology switch called Tumour Immunity Enabling Technology ("TIET") may be used alone or in combination with other immune checkpoint molecules for the treatment of cancer patients. Faron is based in Turku, Finland. Further information is available at  www.faron.com

 

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