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Faron advances development of cancer immunotherapy after FDA feedback

ALN

Faron Pharmaceuticals Ltd on Monday outlined its plans to further progress its study of an investigational cancer immunotherapy, after receiving positive and ‘valuable’ feedback from the US Food & Drug Administration.

The Turku, Finland-based clinical-stage biopharmaceutical company said the FDA provided the feedback on its proposed clinical development plan for formal approval of its wholly-owned therapy bexmarilimab.

It was received as part of the recent Bexmab study’s end-of-phase 2 meeting with the FDA, in which the FDA advised Faron to focus on frontline development to enable the therapy’s use across the entire higher-risk myelodysplastic syndrome indication.

The meeting was requested to provide Faron with guidance on the design of its planned phase 2/3 trial evaluating bexmarilimab in combination with azacitidine. The trial will now begin with a dose optimisation run-in period comparing different regiments with the placebo. Once the optimal dose has been determined, the trial will transition into the registration stage.

Myelodysplastic syndrome is a type of blood cancer that can in some cases progress to acute myeloid leukaemia.

‘We are extremely encouraged by the collaborative and highly productive dialogue with the FDA, which provided a clear and actionable path for the clinical development of bexmarilimab in frontline HR-MDS, an area of profound unmet medical need, said Faron Chief Executive Officer Juho Jalkanen.

‘The agency’s guidance has endorsed a direct route towards accelerated approval using complete response + CR equivalent per International Working Group 2023 criteria as a co-primary endpoint with overall survival.

‘This is a significant step forward in our mission to provide a potentially transformative new treatment option to patients and represents a major regulatory de-risking milestone, as we are now only one study away from getting bexmarilimab approved for the benefit of HR MDS patients.’

Shares in Faron Pharmaceuticals were up 8.2% at 227.30 pence in London on Monday morning. The stock has risen 30% over the past year.

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