30th Jun 2025 11:00
Faron Pharmaceuticals Ltd | Company announcement | June 30, 2025 at 14:00:00 EEST
TURKU, FINLAND - Faron Pharmaceuticals Ltd. (AIM: FARN, First North: FARON), a clinical-stage biopharmaceutical company focused on developing novel immunotherapies, announces today that Dr Juho Jalkanen, Chief Executive Officer of the Company, acquired 22,127 ordinary shares in Faron at price of €2.26 per share on 27 June 2025. Following this purchase, Dr Jalkanen directly holds 1,112,015 ordinary shares in the Company, representing 0.99 per cent of the voting rights in the Company.
Additionally, Dr Juho Jalkanen acquired 2,000 ordinary shares in Faron at a price of 2.27 EUR per share on 27 June 2025 on behalf of his daughter.
Further details are set out in the Notification of Dealing Form below.
| Director/PCA | Holding prior to purchase | Number of ordinary shares | Resultant interest in ordinary shares in the Company | Resultant percentage of voting rights in the Company |
| Juho Jalkanen | 1,089,888 | 22,127 | 1,112,015 | 0.99% |
| Evelina Jalkanen* | Nil | 2,000 | 2,000 | 0,00% |
*Individuals deemed as a PCA to Juho Jalkanen
For more information, please contact:
| IR Partners, Finland(Media)Riina TuominenKare Laukkanen | +358 44 313 [email protected]+358 50 553 9535 / +44 7 469 766 223[email protected] |
| FINN Partners, US(Media) Alyssa Paldo | +1 847 791-8085 [email protected] |
| Cairn Financial Advisers LLP(Nominated Adviser and Broker)Sandy Jamieson, Jo Turner | +44 (0) 207 213 0880 |
| Sisu Partners Oy(Certified Adviser on Nasdaq First North)Juha KarttunenJukka Järvelä | +358 (0)40 555 4727+358 (0)50 553 8990 |
About bexmarilimabBexmarilimab is Faron's wholly owned, investigational immunotherapy designed to overcome resistance to existing treatments and optimize clinical outcomes, by targeting myeloid cell function and igniting the immune system. Bexmarilimab binds to Clever-1, an immunosuppressive receptor found on macrophages leading to tumor growth and metastases (i.e. helps cancer evade the immune system). By targeting the Clever-1 receptor on macrophages, bexmarilimab alters the tumor microenvironment, reprogramming macrophages from an immunosuppressive (M2) state to an immunostimulatory (M1) one, upregulating interferon production and priming the immune system to attack tumors and sensitizing cancer cells to standard of care.
About Faron Pharmaceuticals LtdFaron (AIM: FARN, First North: 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. Further information is available at www.faron.com
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | |||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a. | Name | a) Juho Jalkanenb) Eveliina Jalkanen | |||
| 2 | Reason for notification | ||||
| a. | Position/Status | a) Chief Executive Officerb) PCA | |||
| b. | Initial notification/Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a. | Name | Faron Pharmaceuticals Ltd. | |||
| b. | LEI | 7437009H31TO1DC0EB42 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a. | Description of the financial instrument, type of instrumentIdentification Code | Ordinary Shares ISIN: FI4000153309 | |||
| b. | Nature of the transaction | Purchase of ordinary shares | |||
| Price(s) per share (p) | Volume(s) | ||||
| a) €2.26b) €2.27 | a) 22,127b) 2,000 | ||||
| d. | Aggregated informationVolumePrice | Transaction details (a)(1): Volume 22,217 Unit price: 2.26 EURTransaction details (b)(1): Volume 2,000 Unit price: 2.27 EUR | |||
| e. | Date of the transaction | 27/06/2025 | |||
| f. | Place of the transaction | Nasdaq First North Growth Market | |||
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Faron Pharmaceuticals