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 Pharmace (MEDXF) is a North American specialty pharmaceutical leader focused on innovative therapies for complex conditions in oncology, hematology, and rheumatology. This page provides investors and healthcare professionals with essential updates on the company's latest developments.
Access timely press releases covering regulatory milestones, product launches, financial results, and strategic partnerships. Our curated news collection helps stakeholders track MEDXF's progress in commercializing treatments for rare diseases and autoimmune disorders.
Key updates include FDA/Health Canada submissions, licensing agreements, clinical trial developments, and market expansion initiatives. All content is verified for accuracy and relevance to support informed decision-making.
Bookmark this page for direct access to MEDXF's official announcements and analysis of its growing role in specialty pharmaceuticals. Check regularly for updates demonstrating the company's commitment to addressing unmet medical needs through targeted therapeutic solutions.
Medexus Pharmaceuticals and medac GmbH have announced a timeline for the NDA resubmission of treosulfan to the FDA, expected in Q2 2022. This follows a productive Type A Meeting with the FDA, which confirmed that no additional Phase III study is required for approval. The FDA's decision on the NDA is anticipated within 2 to 6 months post-resubmission. Treosulfan, used in hematopoietic stem cell transplantation, is already available in Canada and Europe. Medexus continues to work with medac, which will fund regulatory costs until approval is granted.
Medexus Pharmaceuticals reported Q2 Fiscal 2022 financial results, achieving $17.9 million in revenue, a slight increase from $17.8 million year-over-year. This growth was largely driven by a 33% increase in unit demand for Rupall™, while IXINITY® sales continued to face challenges. Net income soared to $10.1 million, influenced by a non-cash unrealized gain on derivative fair value. However, Adjusted EBITDA decreased to ($2.0 million) due to rising R&D costs and investments related to treosulfan commercialization. The company is focused on improving IXINITY sales and expects continued growth.
Medexus Pharmaceuticals will present at the Q4 Investor Summit virtually on November 17, 2021, at 8:00 AM ET. CEO Ken d’Entremont and CFO Marcel Konrad will discuss the company’s innovative solutions in rare disease treatments. Interested investors can participate in one-on-one meetings throughout the conference. The summit connects small cap and microcap companies with over 800 investors, offering a platform to engage with potential stakeholders. For more details on the event and to register, visit www.investorsummitgroup.com.
Medexus Pharmaceuticals has appointed Ian C. Wildgoose Brown as the new general counsel and corporate secretary, effective immediately. With over a decade of legal expertise and experience in corporate transactions, he aims to strengthen the company’s commercial platform. Ken d’Entremont, CEO, expressed confidence in Wildgoose Brown's ability to contribute to growth through mergers and acquisitions. Medexus specializes in innovative treatments for rare diseases and holds a strong North American commercial presence.
Medexus Pharmaceuticals plans a conference call on November 11, 2021, at 8:00 AM ET to discuss its fiscal 2022 Q2 financial results ending September 30, 2021. Financial statements will be filed after the market closes on November 10, 2021. Investors can join via telephone or webcast. Medexus is recognized for its innovative treatments in rare diseases and aims for growth through its established product portfolio, including Rasuvo™, IXINITY®, and Rupall®.
Medexus Pharmaceuticals announced that the FDA granted a Type A meeting to medac GmbH for treosulfan, a drug intended for patients undergoing allogeneic hematopoietic stem cell transplantation. The meeting is scheduled for November 23, 2021. This follows a Complete Response Letter from the FDA received on August 3, 2021, regarding treosulfan's New Drug Application, indicating the need for additional data. CEO Ken d’Entremont expressed optimism about treosulfan's potential in the U.S. market, noting that the leading product, busulfan, achieved US$126M in sales before genericization.
Medexus Pharmaceuticals Inc. (OTCQX: MEDXF) will present at the Benzinga Global Small Cap Conference on October 28, 2021, at 3:00 pm ET. CEO Ken d’Entremont and CFO Marcel Konrad will lead the presentation. Investors can register for a free spectator pass here. The conference aims to connect small-cap companies with investors and includes educational modules on small-cap investing.
Medexus Pharmaceuticals has commenced its first commercial shipment of Trecondyv® in Canada following a Notice of Compliance from Health Canada on June 28, 2021. Trecondyv® is a bifunctional alkylating agent intended for patients undergoing allogeneic hematopoietic stem cell transplantation for Acute Myeloid Leukemia and Myelodysplastic Syndromes. The company aims to capitalize on positive market responses and anticipates rapid sales growth. Additionally, Medexus will issue shares instead of cash for a $1.25 million interest payment on its convertible debentures, focusing on preserving cash and sustaining its balance sheet.
Medexus Pharmaceuticals Inc. (OTCQX: MEDXF) held its annual and special meeting of shareholders on September 16, 2021, where all proposed directors were elected for the upcoming term.
Key voting results include:
- Peter van der Velden: 97.31% votes in favor
- Ken d’Entremont: 98.48% votes in favor
- Michael Mueller: 96.76% votes in favor
- Benoit Gravel: 97.76% votes in favor
- Stephen Nelson: 97.77% votes in favor
- Adele M. Gulfo: 98.05% votes in favor
Additionally, shareholders re-appointed PricewaterhouseCoopers LLP as auditors and approved amendments to the company's by-law and equity incentive plan.
Medexus Pharmaceuticals will present at the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Ken d’Entremont and CFO Marcel Konrad will share insights during the event, with an on-demand presentation available from September 13 at 7:00 AM ET. This conference is a key opportunity for Medexus to engage with the investor community. Medexus focuses on innovative treatments for rare diseases, including products like Rasuvo™, IXINITY®, and Rupall®.
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