Welcome to our dedicated page for Medexus Pharmace news (Ticker: MEDXF), a resource for investors and traders seeking the latest updates and insights on Medexus Pharmace stock.
Medexus Pharmaceuticals Inc. reports news on its specialty pharmaceutical portfolio and North American commercial operations. The company's updates center on GRAFAPEX (treosulfan) for Injection in the United States, financial results, and product-level trends across therapeutic areas that include hematology and hematology-oncology, rheumatology, allergy, and dermatology.
Medexus news also covers capital allocation and capital structure actions, including credit facilities, warrant expirations, and normal course issuer bid activity, along with shareholder meeting results, conference calls, and management participation in investor conferences.
Medexus Pharmaceuticals reported record fiscal third-quarter revenue of $31.5 million for the three months ending December 31, 2020, a 94% increase from $16.2 million year-over-year. Adjusted EBITDA rose to $5.1 million from $0.7 million. Despite this revenue growth, the company experienced a net loss of $17.1 million, attributed primarily to a significant increase in the fair value of derivative instruments. The company completed a $32.5 million financing and acquired licensing rights for treosulfan, aiming to boost future growth.
Medexus Pharmaceuticals announced the commercial launch of Gleolan® in Canada, an imaging agent for brain tumor surgery, previously available only through the Health Canada Special Access Program. Gleolan enhances visualization of malignant tissue during surgery for Grades III and IV gliomas, significantly increasing complete tumor resection rates. A pivotal Phase III study showed 65% complete resection with Gleolan versus 36% without, and 41% of patients were progression-free after six months. The launch aims to improve surgical outcomes for the 1,000 Canadians diagnosed with glioblastoma annually.
Medexus Pharmaceuticals plans to host a conference call at 8:00 AM ET on March 2, 2021, to discuss its financial results for the third quarter of fiscal 2021, which ended on December 31, 2020. The company will file its financial statements on March 1, 2021. Investors can access the call via phone or through a webcast. Medexus focuses on orphan and rare diseases, providing products like Rasuvo™ and IXINITY® for conditions including rheumatoid arthritis and Hemophilia B. For further insights, the company promotes its commitment to quality, innovation, and customer service.
Medexus Pharmaceuticals announced its upcoming presentation at the virtual Winter Wonderland Conference, hosted by The MicroCap Rodeo, from February 16-19, 2021. CEO Ken d’Entremont and CFO Roland Boivin will present on February 17 at 9:30 AM ET, with the session available for live streaming and replay. Medexus is recognized for its innovative products in treating rare diseases, specializing in auto-immune diseases, hematology, and allergies. Key products include Rasuvo™, Metoject®, IXINITY®, and Rupall®.
Medexus Pharmaceuticals (OTCQX: MEDXF) will present at the LD 500 Investor conference virtually from September 1-4, 2020. CEO Ken d'Entremont and CFO Roland Boivin are scheduled to speak on September 1 at 11:40 a.m. ET, with a live webcast available.
Attendees can schedule one-on-one video meetings and register for the event online. Medexus specializes in healthcare products for auto-immune diseases, hematology, and allergy treatments, with notable products including Rasuvo™, IXINITY®, and Rupall®.