Medexus Pharmace Stock Price, News & Analysis

Medexus Pharmaceuticals will present at the Bloom Burton & Co. Healthcare Investor Conference on May 2-3, 2022. CEO Ken d’Entremont and CFO Marcel Konrad will present on May 2, 2022, at 11:30 am Toronto time. The conference aims to connect investors interested in the Canadian healthcare sector. Attendees can view the presentation live through a link provided in the press release. Medexus focuses on innovative treatments for rare diseases, with key products like Rasuvo™, IXINITY®, and Trecondyv®.

Medexus Pharmaceuticals announces its participation in the 34th Annual Roth Conference, scheduled for March 13-15, 2022, in Dana Point, CA. CEO Ken d’Entremont and CFO Marcel Konrad will conduct one-on-one meetings with investors during this event, which features small group meetings and industry panels from around 400 companies. Medexus is focused on innovative treatments for rare diseases, with products like Rasuvo™, Metoject®, IXINITY®, and Rupall®. The company also recently gained approval for Treosulfan in Canada and awaits FDA review.

Medexus Pharmaceuticals has secured exclusive commercialization rights for Gleolan in the U.S., enhancing its existing rights in Canada. Gleolan, an optical imaging agent, aids in glioma surgery by improving visualization of malignant tissues. It generated $3–4 million in U.S. net sales during Q4 2021. This agreement includes tiered royalty payments and milestone payments to NX Development Corp., and extends through March 31, 2028. Gleolan may also receive new indications, including meningioma, indicating potential for growth in U.S. revenues, particularly with the upcoming U.S. launch of Treosulfan.

Medexus Pharmaceuticals has announced a normal course issuer bid (NCIB) for its 6% unsecured convertible debentures due in 2023. Commencing February 16, 2022, and lasting up to 12 months, the NCIB allows Medexus to repurchase up to C$3,530,000 principal amount, equating to 10% of the public float. The initiative aims to deleverage the balance sheet, potentially lowering debt levels and future obligations. The average daily trading volume of the debentures is C$7,592. The company is focused on innovative treatments in rare diseases.

Medexus Pharmaceuticals (OTCQX: MEDXF) reported Q3 FY2022 revenue of $21.3 million, a 19% increase sequentially but 12% lower year-over-year. IXINITY sales recovery contributed significantly to this growth. Adjusted EBITDA improved to $1.9 million from a loss in the prior quarter, though down from $3.9 million in Q3 FY2021. The company recorded a net loss of $1.2 million, significantly improved from $12.8 million a year ago. Total available liquidity stands at $10.1 million. The NDA resubmission for Treosulfan is anticipated in Q2 2022, with FDA approval expected 2-6 months later.

Medexus Pharmaceuticals will present at The MicroCap Rodeo’s 2nd Annual Winter Wonderland Best Ideas Investor Conference, taking place virtually from February 8-11, 2022. The presentation is scheduled for February 8 at 3:00 P.M. Eastern Time, featuring CEO Ken d’Entremont and CFO Marcel Konrad. Medexus focuses on innovative treatments for rare diseases, offering products like Rasuvo™, Metoject®, IXINITY®, and Rupall®. Additionally, their licensed product, Treosulfan, is pending FDA review after its approval in Canada.

Medexus Pharmaceuticals (OTCQX: MEDXF) will host a conference call on February 10, 2022, at 8:00 AM ET to discuss its financial results for Q3 FY2022, ending December 31, 2021. The financial statements will be released after market close on February 9, 2022. Investors can participate via telephone or access a webcast through the company’s website. Medexus focuses on rare disease treatments, highlighting products like Rasuvo™ and IXINITY®, and plans to commercialize Treosulfan in the U.S. and Canada, currently under FDA review.

Medexus Pharmaceuticals announced that its CEO Ken d’Entremont and CFO Marcel Konrad will present at the H.C. Wainwright BioConnect 2022 Conference, occurring virtually from January 10-13, 2022. Their presentation will be available on-demand for attendees starting January 10 at 7:00 AM ET. Medexus focuses on innovative treatments for rare diseases with a strong North American platform, offering products such as Rasuvo™, IXINITY®, and Rupall®. More information about the conference and the webcast can be found on Medexus’ investor relations website.

Medexus Pharmaceuticals announced participation in two virtual investor conferences on December 8, 2021. CEO Ken d’Entremont and CFO Marcel Konrad will present at the **Sidoti December Micro Cap Virtual Conference** at 1:00 PM ET and later at the **SNN Network Canada Virtual Event** at 4:00 PM ET. Both presentations will be available for live streaming, with management also offering one-on-one meetings with qualified investors. Medexus focuses on innovative treatments for rare diseases and its product portfolio includes Rasuvo™, Metoject®, IXINITY®, and Rupall®.