Faron Pharmaceuticals: Final terms of EUR40m rights issue - Redeye
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Faron Pharmaceuticals: Final terms of EUR40m rights issue - Redeye

Redeye comments on Faron’s announcement of the final terms of its previously communicated rights issue. The company plans to raise approximately EUR40m in gross proceeds through a fully committed and guaranteed offering at a subscription price of EUR0.50 per share. The terms are broadly in line with our previous estimates, and the proceeds are intended to fund the continued development of bexmarilimab.

Redeye comments on Faron’s announcement of the final terms of its previously communicated rights issue. The company plans to raise approximately EUR40m in gross proceeds through a fully committed and guaranteed offering at a subscription price of EUR0.50 per share. The terms are broadly in line with our previous estimates, and the proceeds are intended to fund the continued development of bexmarilimab.
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