Fennec Pharmaceuticals Inc Stock Price, News & Analysis

Fennec Pharmaceuticals (NASDAQ: FENC) reported its Q1 2025 financial results, achieving net product sales of $8.8 million, an 18% increase year-over-year. The company's growth was driven by its refined sales strategy and enhanced PEDMARK® patient support program, Fennec HEARS™. Key highlights include expansion into European markets, with PEDMARQSI® now available in Germany and the UK. Financial metrics show a net loss of $1.17 million in Q1 2025, compared to a net income of $12.84 million in Q1 2024. Cash position stood at $22.6 million as of March 31, 2025. The company continues to focus on growing key PEDMARK® accounts and improving patient support services while expanding its European presence through partnership with Norgine.

Fennec Pharmaceuticals (NASDAQ: FENC; TSX: FRX) has scheduled the release of its first quarter 2025 financial results for Tuesday, May 13, 2025, before U.S. markets open. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss their financial and business results.

Interested parties can access the webcast through the company's website at www.fennecpharma.com under the Investors & Media section. Participants are advised to connect at least 15 minutes before the call to allow time for any necessary software downloads. A replay of the webcast will be available on the company's website for 30 days following the event.

Fennec Pharmaceuticals (NASDAQ:FENC) reported strong financial results for Q4 and full-year 2024, with PEDMARK® net product sales reaching $29.6 million for the year, a 40% increase from 2023. Q4 2024 sales were $7.9 million, up 13% from Q3.

The company ended 2024 with $26.6 million in cash and equivalents, strengthened by a $43 million upfront payment from the Norgine transaction. Fennec completed early repayment of $13 million of convertible debt, saving approximately $1.5 million in annual interest payments.

Key developments include PEDMARQSI® commercial launches in the UK and Germany, positive NICE recommendation, and continued momentum in the Adolescent and Young Adult segment. The Japan clinical trial (STS-J01) results are expected in H2 2025. Operating expenses increased year-over-year, with selling and marketing at $18.4 million and G&A at $23.1 million for FY 2024.

Fennec Pharmaceuticals (NASDAQ: FENC; TSX: FRX) has scheduled the release of its full year and fourth quarter 2024 financial results for Monday, March 10, 2025, before U.S. financial markets open. The commercial stage specialty pharmaceutical company will follow the release with a management-hosted conference call and webcast to discuss financial and business results.

Interested parties can access the live webcast through the company's website at www.fennecpharma.com under the Investors & Media section's News & Events/Event Calendar page. Participants are advised to connect at least 15 minutes before the conference call to allow time for any necessary software downloads. A replay of the webcast will be available on the company's website for thirty days following the event.

Fennec Pharmaceuticals (NASDAQ: FENC) announced the commercial launch of PEDMARQSI in Germany through Norgine Pharmaceuticals. PEDMARQSI is the first and only approved therapy in the EU and UK for preventing hearing loss caused by cisplatin chemotherapy in pediatric cancer patients aged 1 month to <18 years with localized, non-metastatic solid tumors.

The launch follows a March 2024 exclusive licensing agreement with Norgine for Europe, Australia, and New Zealand. Fennec received $43 million upfront and could receive up to $230 million in additional milestone payments, plus double-digit tiered royalties starting in mid-teens and growing to mid-twenties.

Clinical trials demonstrated that PEDMARQSI reduced cisplatin-induced hearing loss by approximately 50% compared to cisplatin alone. The drug received European Commission marketing authorization in June 2023 under PUMA, with 10 years of data and market protection.

Fennec Pharmaceuticals (NASDAQ:FENC) announced that PEDMARQSI® has received a positive recommendation from NICE for use in England and Wales. The drug is the first and only treatment available within NHS for preventing cisplatin-induced hearing loss in children and young people aged 1 month to 17 years.

Two Phase 3 trials demonstrated approximately 50% reduction in cisplatin-induced ototoxicity compared to cisplatin alone. This addresses a significant unmet need as there were no previous preventative treatments available.

The announcement follows Fennec's March 2024 licensing agreement with Norgine Pharmaceuticals for commercialization in Europe, Australia, and New Zealand. The deal included a $43 million upfront payment and potential additional payments up to $230 million, plus double-digit tiered royalties starting in mid-teens.

Fennec Pharmaceuticals (NASDAQ:FENC) announced the early repayment of $13 million of its approximately $32 million outstanding convertible debt facility with Petrichor Healthcare Capital Management. This repayment, funded entirely with available cash, reduces the convertible debt to approximately $19 million with maturity in September 2027.

The strategic move will eliminate approximately $1.5 million in annual interest expense and remove the potential equity overhang of approximately 1.6 million shares. The company confirms its cash position remains sufficient to fund planned operations into 2026.

Fennec Pharmaceuticals (NASDAQ: FENC; TSX: FRX) has announced its participation in the upcoming virtual H.C. Wainwright @ Home Fireside Chat Series. The event is scheduled for Monday, December 16, 2024, at 11:00 a.m. ET. The commercial stage specialty pharmaceutical company will provide a live webcast of the presentation, which will be accessible through their investor relations website. An archived version of the webcast will be made available on the company's website following the event for those unable to attend the live presentation.

Fennec Pharmaceuticals (NASDAQ: FENC; TSX: FRX) has announced its participation in the 15th Annual Craig-Hallum Alpha Select Conference. The event will take place on November 19, 2024, at the Sheraton New York Times Square Hotel in New York City. The company's management team will be available for one-on-one meetings throughout the conference. Fennec Pharmaceuticals, a commercial stage specialty pharmaceutical company, will use this platform to engage with investors and present their business updates.