Medexus Pharmace Stock Price, News & Analysis

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®.

Medexus Pharmaceuticals reported Q1 fiscal 2022 revenue of $17.3 million, down from $20 million a year ago, mainly due to decreased IXINITY^® sales as clients worked through existing inventory. However, patient demand for IXINITY^® grew 25.3%. Adjusted EBITDA dropped to $(4.9) million and net loss rose to $(6.6) million. Notably, Rupall™ showed strong growth with a 44.4% increase in unit demand. The company anticipates improvements as inventory levels normalize.

Medexus Pharmaceuticals has completed enrollment in its Phase 4 Clinical Trial for IXINITY®, targeting label expansion for pediatric hemophilia B patients under 12 years. The trial's results could potentially allow the use of IXINITY® in younger patients, currently approved for ages 12 and older. Completion is expected by June 2022, with an FDA data submission anticipated by the end of 2022. The U.S. hemophilia B market is valued over $1 billion, presenting significant opportunities for Medexus if label expansion is successful.

Medexus Pharmaceuticals Inc. (OTCQX:MEDXF) will present at the SNN Network Summer Virtual Event 2021 on August 19 at 11:30 AM EST. CEO Ken d'Entremont and CFO Marcel Konrad will lead the presentation. Investors can access the live event here. Registration for 1x1 meetings is available here. If unable to attend, webcasts of all presentations will be accessible on the event platform under the Agenda tab here.