Fennec Pharmaceuticals Reports 18% Increase in Q1 2025 Net Product Sales to $8.8 Million

Reuters
2025/05/13
Fennec Pharmaceuticals Reports 18% Increase in Q1 2025 Net Product Sales to $8.8 Million

Fennec Pharmaceuticals Inc. reported its financial results for the first quarter ended March 31, 2025. The company achieved total net revenues of $8.8 million, marking an 18% increase compared to the same period in 2024, where revenues stood at $7.4 million. This growth was driven by an increase in PEDMARK product sales, particularly across new accounts in the adolescent and young adult $(AYA)$ population. Significantly, the company's refined and targeted sales strategy, coupled with enhanced patient support services through the revamped Fennec HEARS™ program, contributed to this positive momentum. Additionally, PEDMARQSI is now commercially available in Germany and the United Kingdom, expanding Fennec Pharmaceuticals' market reach. The company's operating expenses reflected a decrease in the cost of products sold, which was $373,000 compared to $550,000 in the previous year. Research and development expenses increased slightly to $94,000 from $3,000 in the first quarter of 2024. Fennec Pharmaceuticals continues to participate in key investor conferences to engage with stakeholders and discuss its business strategies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fennec Pharmaceuticals Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9450026-en) on May 13, 2025, and is solely responsible for the information contained therein.

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