Faron logo — A CLEVER Approach to Fight Cancer.

Faron

A CLEVER Approach to Fight Cancer.

Founded 2007 Finland Finland 61 employees Post Ipo Debt Total: $61.34M Biopharma, Biotechnology +1

General Information

Company Name Faron
Founded Year 2007
Location Finland Finland +1
Founders / Decision Makers
Team member
Employees 61
Industries Biopharma, Biotechnology, Pharmaceutical
Funding Stage Post Ipo Debt
Social

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About Faron

Faron, a clinical stage biopharmaceutical company with the slogan "A CLEVER Approach to Fight Cancer," is focused on developing novel immunotherapies to address unmet medical needs. Headquartered in Turku, Finland, and Boston, Massachusetts, its flagship program is bexmarilimab, an investigational precision immunotherapy. Currently in Phase I/II development, bexmarilimab is a notable anti-Clever-1 antibody designed to convert immune suppression into immune activation, specifically targeting hematological malignancies.

Founded in 2007, Faron operates within the Biopharma, Biotechnology, and Pharmaceutical industries. The company is publicly traded on AIM under the ticker 'FARN' as well as on Nasdaq First North Growth Market under the ticker FARON. Its most recent financial activity includes a €3.20M Post-IPO Debt investment in March 2024 from IPF Partners, indicating continuous investor confidence in its innovative therapeutic approaches.

Taxonomy: clinical stage biopharmaceutical, bexmarilimab, precision immunotherapy, macrophage checkpoint immunotherapy, hematological malignancies, anti-Clever-1 antibody, immune activation, acute organ traumas, vascular damage, drug discovery, drug development, cancer immunotherapy, ARDS, acute respiratory distress syndrome, novel treatments for unmet medical needs

Services & Products

Development of innovative cancer therapies
Conducting clinical trials
Research in immunotherapy and myeloid cell-targeting
Drug candidate investigation and development

Target Customers

Cancer patients Healthcare professionals Clinical researchers Investors in biopharmaceuticals

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Post-IPO Debt •••••• 1
Investor
04 Mar 2024
Post-IPO Equity •••••• 1
Investor
27 Jan 2023
Post-IPO Equity •••••• 1
Investor
28 Jun 2022
Post-IPO Debt •••••• 1
Investor
28 Feb 2022
Post-IPO Debt •••••• 1
Investor
15 Jun 2020

View All 9 Funding Rounds

Faron Alternatives & Competitors

Faron vs
Tolerx, Inc.
Tolerx, Inc. United States

Tolerx, Inc., a world leader in immunology, has a portfolio of innovative, first-in-class drug candi...

Series Unknown
9 employees
Biotechnology, Health Care
Faron vs

MABT: Impacting disease with innovative treatments.

Series Unknown
4 employees
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Faron vs

Unlocking the power of the immune system - next-generation immunotherapy

Series Unknown
12 employees
Biotechnology, Life Sciences

FAQ About Faron

A CLEVER Approach to Fight Cancer.
Faron was founded in 2007.
Faron is headquartered in Finland.
Faron operates in the following industries: Biopharma, Biotechnology, Pharmaceutical.
Faron has approximately 61 employees.
Faron has completed 9 funding rounds, raising a total of $61.34M. The latest funding stage is Post Ipo Debt.
Faron offers: Development of innovative cancer therapies, Conducting clinical trials, Research in immunotherapy and myeloid cell-targeting, Drug candidate investigation and development.
Top alternatives and competitors to Faron include Tolerx, Inc., Mid-Atlantic BioTherapeutics (MABT), Nectin Therapeutics, Compugen, Novelogics Biotechnology Inc.. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Faron and Tolerx, Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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