Faron unable to offer clues on traumakine trial flop

11 May 2018

Loyal investors in Faron Pharmaceuticals (LSE: FARN) hoping that there might be a straight forward explanation for the failure of the Phase III INTEREST trial of traumakine might be disappointed in a statement issued by the company on Friday.

Shares in the Finland-based biopharma company crashed by almost 90% on Tuesday with the news that the candidate had failed to meet the primary endpoint in a trial of patients with acute respiratory distress syndrome, a severe orphan disease with a high mortality rate.

Traumakine did not bring patients an increased number of ventilator-free survival days or a reduced mortality rate when compared to placebo.

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