Shares of Faron Pharmaceuticals Oy (LON:FARN) were down 12.3% on Thursday . The stock traded as low as GBX 66.50 ($0.87) and last traded at GBX 67.55 ($0.88). Approximately 330,615 shares changed hands during mid-day trading, an increase of 2,180% from the average daily volume of 14,501 shares. The stock had previously closed at GBX 77 ($1.01).

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About Faron Pharmaceuticals Oy (LON:FARN)

Faron Pharmaceuticals Oy operates as a clinical stage drug discovery and development company in Finland. It has a pipeline of drug development projects focusing on acute organ traumas, vascular damage, and cancer immunotherapy. The company's lead product candidate is Traumakine, a recombinant human IFN beta-1a, which is in Phase III clinical trial for the treatment of acute respiratory distress syndrome (ARDS).

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