Fennec Pharmaceuticals Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 sales and robust AYA growth drove a 50% revenue increase, supported by expanded teams, new clinical evidence, and a strengthened balance sheet. U.S. exclusivity for PEDMARK is secured through 2033, with major European launches and further growth expected in 2026.
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PEDMARK, the only FDA-approved therapy for cisplatin-induced ototoxicity in pediatric and AYA patients, is expanding its market reach with strong sales growth, broad payer coverage, and new data supporting efficacy and safety. European and Japanese launches are underway, with ongoing efforts to expand indications and awareness.
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PEDMARK achieved record sales and three consecutive quarters of growth, driven by expanded leadership, new global partnerships, and broadened market access, especially in the AYA segment. Strong IP, reimbursement success, and robust patient support position the company for continued momentum.
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Q2 2025 net product sales grew 33% year-over-year to $9.7M, marking the third consecutive quarter of sequential growth. PEDMARK adoption expanded with 14 new accounts, and EU commercialization via Norgine is gaining traction. Cash OpEx is expected to decrease in H2 2025.
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PEDMARK’s unique FDA-approved position in preventing cisplatin-induced hearing loss is driving growth, with recent expansion into the AYA segment and strong international partnerships. Financials are approaching break-even, and further milestones in Europe and Japan are expected to accelerate value.
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Q1 2025 saw 18% year-over-year sales growth, driven by strategic focus, AYA segment expansion, and international launches. Cash burn was $4M, with operating expenses expected to remain stable for the year. PEDMARK adoption is rising in both academic and community settings.
Fiscal Year 2024
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Revenue grew 40% year-over-year to $29.6M, driven by both pediatric and AYA market expansion, with strong academic adoption and new launches in Europe. Cash position improved to $26.6M, and significant growth is expected in the second half of 2025 as foundational initiatives mature.
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Q3 2024 saw net product sales rise to $7.0M, with strong AYA segment growth and >90% reimbursement. International launches and a robust cash position support a positive outlook, while new leadership and academic endorsements drive further adoption.
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Fennec Pharmaceuticals highlighted Pedmark's unique position as the only FDA and EMA-approved treatment for cisplatin-induced hearing loss in children, with strong clinical results and expanding commercial reach through a major licensing deal. Financials show a solid cash position and a clear path to profitability.
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Q2 2024 saw PEDMARK net sales rise 120% year-over-year to $7.3M, driven by expanded NCCN guidelines and new AYA market access. The Norgine partnership provides significant upfront and milestone payments, supporting a strong cash position and global expansion plans.