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 Pharms Inc (MEDXF), referred to in its disclosures as Medexus Pharmaceuticals, generates a steady flow of news related to its specialty pharmaceutical business in North America. Investors following MEDXF news can see updates on hematology and hematology-oncology products, as well as allergy, dermatology, and rheumatology therapies that form the company’s core portfolio.
Many Medexus news releases focus on GRAFAPEX (treosulfan) for Injection, an alkylating agent used as part of a preparative regimen for allogeneic hematopoietic stem cell transplantation in patients with acute myeloid leukemia or myelodysplastic syndrome. The company reports on FDA approval, Orphan Drug Designation, US commercial launch timing, and key reimbursement milestones such as CMS New Technology Add-On Payment (NTAP) approval, transitional pass-through status, and assignment of a permanent HCPCS Level II "J code". These items provide insight into how Medexus is building its hematology-oncology franchise in the United States.
MEDXF news also covers quarterly and annual financial results, including net revenue, net income, Adjusted EBITDA, and product-level performance for GRAFAPEX, Trecondyv, IXINITY, Rupall, Rasuvo, Metoject, and Gleolan. The company uses these releases to discuss unit demand trends, the impact of generic competition on products such as Rupall, and portfolio dynamics across the United States and Canada.
Additional news topics include financing and capital allocation decisions, such as new senior secured credit facilities with National Bank of Canada, repayment of prior credit agreements, and the launch or renewal of a normal course issuer bid (NCIB) for Medexus common shares on the Toronto Stock Exchange. Governance-related items, including annual meetings of shareholders, director elections, and auditor appointments, are also reported.
For anyone tracking MEDXF, this news stream offers detailed information on product launches, regulatory and reimbursement milestones, financial performance, credit arrangements, and share repurchase activity. Bookmarking the Medexus news feed on Stock Titan can help investors and researchers follow how the company’s North American specialty pharmaceutical platform evolves over time.
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Medexus Pharmaceuticals (TSX: MDP; OTCQX: MEDXF) will participate in the 2023 Bloom Burton & Co. Healthcare Investor Conference scheduled for April 25-26, 2023, in Toronto, Ontario.
The company’s presentation, featuring Ken d’Entremont, CEO, and Marcel Konrad, CFO, will take place on April 25 at 9:30 AM ET. Attendees can engage in in-person one-on-one meetings during the event.
A live and recorded webcast of the presentation will be available on the Investors—News & Events section of Medexus’s corporate website. The focus of Medexus is on innovative treatments in hematology, auto-immune diseases, and allergy.
Medexus Pharmaceuticals announced preliminary revenue estimates for the fiscal year 2023, expecting to exceed US$107 million, an all-time record, with fiscal Q4 2023 revenue projected at US$28 million to US$28.5 million, marking a year-over-year increase of at least 38.1%.
This growth is driven by strong sales in several products: IXINITY saw positive trends in new patient conversions; Rasuvo maintained its leading position in the US branded methotrexate market; Rupall demonstrated sustained demand growth; and Gleolan achieved its best month in fiscal year 2023.
Additionally, the company announced a board update, appointing Mike Mueller as chair after Peter van der Velden's departure, reflecting a stable leadership transition as Medexus continues to progress.
Medexus Pharmaceuticals (OTCQX: MEDXF) has gained Canadian rights to commercialize terbinafine hydrochloride nail lacquer, supplied by Polichem. This product, used for treating fungal nail infections, will be submitted for Health Canada approval later this year. The Canadian fungicides market is estimated at C$88 million annually. CEO Ken d’Entremont indicated that the product would bolster revenues and leverage their existing commercial platform, complementing their leading product, Rupall®. Medexus will pay Polichem a low double-digit royalty on net sales and has structured the deal to minimize initial costs.
Medexus Pharmaceuticals (OTCQX: MEDXF) announced a new senior secured credit agreement with BMO, comprising a US$35 million term loan and a US$3.5 million revolving loan for working capital. The agreement, maturing in March 2026, includes a US$20 million uncommitted accordion feature. CFO Marcel Konrad highlighted the non-dilutive nature of the financing and the company's recent revenue growth and improving profitability. The proceeds will repay existing facilities due in July 2023, with new borrowings set at an initial interest rate of 8.58%, lower than the previous rates of 11.33% and 8.78%.
Medexus Pharmaceuticals announced its participation in the 35th Annual Roth Conference scheduled for March 12-14, 2023, in Dana Point, California. The company's presentation, featuring CEO Ken d’Entremont and CFO Marcel Konrad, is set for March 14 at 1:00 PM PT (4:00 PM ET). Attendees can join the live and recorded webcast on the company’s investor relations page. Medexus specializes in innovative treatments for rare diseases, focusing on hematology, auto-immune diseases, and allergies.
For more details and registration, visit this link.