The following is a summary of the Fennec Pharmaceuticals Inc. (FENC) Q3 2024 Earnings Call Transcript:

Financial Performance:

• For the first nine months of 2024, Fennec Pharmaceuticals recorded approximately $22 million in net product sales, surpassing the total net product sales of 2023.

• Specifically for Q3 2024, the company recorded net product sales of $7.0 million, an increase from $6.5 million in Q3 2023.

• General and administrative expenses for Q3 2024 were $6.1 million compared to $3.8 million for the same quarter in 2023.

• Selling and marketing expenses for Q3 2024 were $4.6 million, from $3.4 million in Q3 2023.

Business Progress:

• Fennec Pharmaceuticals has enhanced its executive leadership team with strategic appointments aimed at accelerating PEDMARK's commercial strategy.

• They're focusing on expanding market segments, particularly the AYA population, with newly achieved greater than 90% reimbursement for PEDMARK and increasing clinical and educational investments.

• The company is seeing PEDMARK's adoption among new major academic centers, shifting from compounded versions of STS, reducing health risks and reinforcing academic endorsements.

• PEDMARK's integration into international markets is advancing with expectations of launching in Germany and the U.K. soon.

• Successful enrollment for an investigator-initiated trial in Japan evaluating the efficacy and safety of PEDMARK.

Opportunities:

• Significant market potential and favorable reimbursement profile in the Adolescent and Young Adult (AYA) segment, with robust patient base treating annually with cisplatin and increased PEDMARK adoption.

• New partnerships like the one with Orsini, enabling home administration, and an increase in PEDMARK vials per patient indicate a growing and sustainable revenue stream.

Risks:

• No explicit risks detected.

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