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23 Apr 2026

Faron completes cross‑border EUR 40.1 million rights offering to fund Phase II bexmarilimab trial

"Faron has completed a cross-border rights offering raising approximately EUR 40.1 million in Finland and the UK, fully covered by subscription undertakings, commitments and guarantees from shareholders and other investors. The proceeds will be used to strengthen the company’s finances, to fund a randomized 90‑patient Phase II frontline high‑risk myelodysplastic syndrome trial of bexmarilimab plus azacitidine, and to accelerate development of bexmarilimab through up to five investigator‑initiated trials. Roschier acted as Finnish law counsel for the transaction; the offering prospectus was prepared as an EU Follow‑on prospectus."

Law firms and the parties they assisted: Roschier acted as Finnish legal counsel to Faron Corporation in connection with the transaction. Transaction summary: Faron completed a cross‑border rights offering of approximately EUR 40.1 million in Finland and the United Kingdom. The offering was fully covered by a combination of subscription undertakings, commitments and guarantees from shareholders and other investors. The proceeds will be used to strengthen Faron’s financial position, to run a randomized 90‑patient Phase II frontline high‑risk myelodysplastic syndrome trial of bexmarilimab in combination with azacitidine, and to accelerate development of the lead asset bexmarilimab, including provision to up to five investigator‑initiated trials. Faron’s shares are listed on Nasdaq First North Growth Market Finland and as depositary interests on AIM; the prospectus for the offering was prepared as an EU follow‑on prospectus. Advising lawyers: Roschier’s core advisory team on the matter comprised Petri Avikainen, Miia Saarinen, Eetu Ihamäki and Aino Ylikahri. (No seniority or specific practice‑area details were provided in the press release.)
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