Fennec Pharma(FENC)
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Fennec Pharmaceuticals Announces Management Change
GlobeNewswire News Room· 2024-07-01 18:00
RESEARCH TRIANGLE PARK, N.C., July 01, 2024 (GLOBE NEWSWIRE) -- Fennec Pharmaceuticals Inc. (NASDAQ:FENC, TSX:FRX), a commercial stage specialty pharmaceutical company, today announced that Adrian Haigh has departed from his position as Fennec's Chief Operating Officer as of June 30, 2024. After nine years as an independent director, in August 2023, Adrian joined the Fennec leadership team as Chief Operating Officer. "We are grateful to Adrian for joining Fennec's leadership team at such a critical point in ...
Fennec Announces Results of Annual Meeting
Newsfilter· 2024-06-26 04:35
RESEARCH TRIANGLE PARK, N.C., June 25, 2024 (GLOBE NEWSWIRE) -- Fennec Pharmaceuticals Inc. (the “Company”) (NASDAQ:FENC) (TSX:FRX) today announced that the nominees listed in the management proxy circular dated April 29, 2024 (the “Circular”) for the Annual General Meeting of Shareholders were elected as directors of the Company at the Annual General Meeting of Shareholders held in New York, New York on June 25, 2024. Detailed results of the vote for the election of directors are set out below: Name of Nom ...
Fennec Announces Results of Annual Meeting
GlobeNewswire News Room· 2024-06-26 04:35
RESEARCH TRIANGLE PARK, N.C., June 25, 2024 (GLOBE NEWSWIRE) -- Fennec Pharmaceuticals Inc. (the “Company”) (NASDAQ:FENC) (TSX:FRX) today announced that the nominees listed in the management proxy circular dated April 29, 2024 (the “Circular”) for the Annual General Meeting of Shareholders were elected as directors of the Company at the Annual General Meeting of Shareholders held in New York, New York on June 25, 2024. Detailed results of the vote for the election of directors are set out below: Name of Nom ...
Fennec Pharma(FENC) - 2024 Q1 - Quarterly Report
2024-05-15 05:24
财务表现 - 公司在2024年第一季度实现净收入约为1280万美元,相比于2023年同期的净亏损610万美元有显著增长[143] - 公司预计截至2024年3月31日的现金及现金等价物总额为5120万美元,足以满足至少未来12个月的现金需求[144] - 公司在2024年第一季度实现的产品销售额为741.9万美元,授权收入为1795.8万美元,与2023年同期相比有显著增长[146] - 公司在2024年3月31日的现金及现金等价物为51,184千美元,较去年12月31日的13,269千美元有显著增长[155] - 2024年3月31日的经营活动现金流为39,047千美元,较去年同期的-5,577千美元有显著增长[156] 费用支出 - 公司的销售和营销费用主要包括分销成本、物流、运输和保险、广告、工资佣金和零售费用,2024年第一季度销售和营销费用为520.9万美元,较2013年同期增加[149] - 公司的总体和行政费用在2024年第一季度增加了160万美元,主要是由于欧洲预商业化相关费用的增加[150] 资本情况 - 公司在未来可能需要进一步的资本支出,工作资本需求可能会因多种因素而波动,包括研发活动的进展、临床试验结果、竞争和技术进步等[159] - 截至2024年3月31日,公司的普通股为27,105千股,期权为4,767千股,总计32,022千股[160] 投资策略 - 公司的投资政策旨在保护本金、保持流动性和实现投资回报,投资主要集中在高信用质量的投资中[161] - 公司将固定收益投资的原始到期日大于三个月且到期日不超过十二个月的投资视为流动资产[162] 内部控制 - 公司的管理层评估了公司的披露控制和程序,并认为截至2023年12月31日,公司的披露控制和程序存在重大缺陷[176] - 公司正在评估并制定改进计划,以加强内部控制环境的设计和运作效果,包括加强审查程序和加强会计和审查控制[181] - 公司正在实施内部财务报告控制的变更,但不认为这些变更在本季度已经影响或可能会对内部财务报告控制产生重大影响[184] 知识产权 - 公司已获得四项额外的美国专利,涵盖PEDMARK®配方及其使用,这些专利已被列入美国FDA的“橙皮书”[188] - 公司对PEDMARK®的知识产权进行了积极维护,如果受到挑战,可能会对PEDMARK®的权利保护产生重大不利影响[189] - 公司已对CIPLA提起专利侵权诉讼,涉及多项专利,诉讼仍在进行中[192]
Fennec Pharma(FENC) - 2024 Q1 - Earnings Call Transcript
2024-05-15 01:15
财务数据和关键指标变化 - 第一季度PEDMARK净销售额为7.4百万美元,受到折扣和部分过期产品退货的影响 [18] - 总净销售额为25.4百万美元,包括来自Norgine交易的18百万美元许可收入 [5][18] - 公司于2024年3月31日拥有约51.2百万美元的现金、现金等价物和投资证券 [20][21] 各条业务线数据和关键指标变化 - 公司正在努力将PEDMARK推广到社区医院和输液中心,以治疗青少年和年轻成人患者 [9][15] - 公司正在与FDA合作解决医院擅自配制PEDMARK仿制品的问题,这可能会给患者带来安全隐患 [26][27] 各个市场数据和关键指标变化 - 欧洲、澳大利亚和新西兰市场PEDMARQSI的商业化工作正在进行中,预计将于2024年第四季度推出 [10][11] - 与Norgine的合作为公司带来了多方面的好处,包括前期付款、里程碑付款和销售提成 [11] 公司战略和发展方向及行业竞争 - 公司致力于通过教育市场、完善商业化计划等方式推动PEDMARK的使用 [31][32] - 公司正在探索利用家庭输液网络为患者提供PEDMARK输注服务,以解决医院配药时间限制的问题 [49] - Norgine在欧洲拥有超过50名全职人员支持PEDMARQSI的商业化,为公司带来了强大的资源支持 [60] 管理层对经营环境和未来前景的评论 - 公司对PEDMARK在未来几个季度的收入增长持乐观态度,但需要克服一些物流和市场准入方面的挑战 [9][32] - 公司认为一旦解决了这些挑战,PEDMARK将成为标准治疗并被广泛使用于青少年和年轻成人人群 [29] 问答环节重要的提问和回答 问题1 **Charles Duncan 提问** 对于医院擅自配制PEDMARK仿制品的问题,公司采取了哪些措施? 公司预计欧洲市场会出现多少这样的情况? [24][25] **Rosty Raykov 和 Adrian Haigh 回答** 公司正在与FDA密切合作,FDA对此问题非常重视。在欧洲,由于有专利保护和单一支付体系,预计不会出现大规模的非法配制情况 [26][27][28][29] 问题2 **Chase Knickerbocker 提问** 第一季度现有客户使用量下降的原因是什么?公司预计何时会看到青少年和年轻成人市场的增长? [36][37][38][39] **Rosty Raykov 和 Robert Andrade 回答** 部分原因是由于产品退货导致的坏账费用。公司预计随着FDA发布的指引得到更好的传达,以及市场准入障碍的逐步消除,青少年和年轻成人市场将在今年下半年出现增长 [37][38][39][41][42][43][44] 问题3 **Michael Okunewitch 提问** 公司如何看待15岁以下患者和青少年/年轻成人患者的差异,是否需要提供更多折扣? [51][52][53][56] **Rosty Raykov 和 Robert Andrade 回答** 15岁以下患者和青少年/年轻成人患者在用药剂量上存在3-4倍的差异。但对于门诊患者,公司无需提供大幅折扣,因为他们有其他机制来获得利润 [52][53][56]
Adherex Technologies Inc. (FENC) Lags Q1 Earnings Estimates
Zacks Investment Research· 2024-05-14 20:16
Adherex Technologies Inc. (FENC) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to loss of $0.23 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -16.33%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced a loss of $0.10, delivering a surprise of -600%. Over the last four quarters, the co ...
Fennec Pharmaceuticals Reports First Quarter 2024 Financial Results and Provides Business Update
Newsfilter· 2024-05-14 18:03
~ Achieved First Quarter 2024 Total Net Revenues of $25.4 Million, Including $18.0 Million in Licensing Revenue from Recently Announced Norgine Transaction ~ ~ Executed Exclusive Licensing Agreement with Norgine to Commercialize PEDMARQSI™ in Europe, Australia, and New Zealand ~ ~ Amended PEDMARK Permanent J-code 07901 Became Effective April 1, 2024 ~ ~ Company Has Approximately $51 Million in Cash, Cash Equivalents, and Investment Securities ~ ~ Management to Host Conference Call Today at 8:30 a.m. ET ~ RE ...
Fennec Pharmaceuticals to Report First Quarter 2024 Financial Results on May 14, 2024
GlobeNewsWire· 2024-05-08 06:15
RESEARCH TRIANGLE PARK, N.C., May 07, 2024 (GLOBE NEWSWIRE) -- Fennec Pharmaceuticals Inc. (NASDAQ: FENC; TSX: FRX), a commercial stage specialty pharmaceutical company, today announced that the Company will release its first quarter 2024 financial results before the opening of the U.S. financial markets on Tuesday, May 14, 2024. Management will host a conference call and webcast that day to discuss the Company’s financial and business results. Conference Call & Webcast Detail: Date: Tuesday, May 14, 2024 T ...
Fennec Pharmaceuticals to Report First Quarter 2024 Financial Results on May 14, 2024
Newsfilter· 2024-05-08 06:15
RESEARCH TRIANGLE PARK, N.C., May 07, 2024 (GLOBE NEWSWIRE) -- Fennec Pharmaceuticals Inc. (NASDAQ:FENC, TSX:FRX), a commercial stage specialty pharmaceutical company, today announced that the Company will release its first quarter 2024 financial results before the opening of the U.S. financial markets on Tuesday, May 14, 2024. Management will host a conference call and webcast that day to discuss the Company's financial and business results. Conference Call & Webcast Detail: Date: Tuesday, May 14, 2024 Tim ...
Fennec Pharma(FENC) - 2023 Q4 - Annual Report
2024-03-30 04:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-32295 FENNEC PHARMACEUTICALS INC. (Exact Name of Registrant as Specified in Its Charter) British Columbia, Canada 20-0442384 (State ...