Fennec Pharmaceuticals Inc. operates as a biopharmaceutical firm. Its leading investigational drug in clinical development is PEDMARK, a specialized formulation of sodium thiosulfate. This treatment is designed to shield young cancer patients from hearing damage (ototoxicity) that can be induced by platinum-based chemotherapy. The company, which was founded in 1996, previously operated under the name Adherex Technologies Inc. before officially rebranding as Fennec Pharmaceuticals Inc. in September 2014. Its corporate headquarters are situated in Research Triangle Park, North Carolina.
Fennec Pharmaceuticals Reports Second Quarter 2026 Financial Results and Provides Business Update
Fennec Pharmaceuticals reported Q2 2026 net product sales of $17.1 million, up 78% year-over-year, driven by record demand for its lead product PEDMARK and expanded sales force reach.
The company achieved a significant operational milestone, generating non-GAAP Adjusted EBITDA of $2.8 million compared to a loss of $1.2 million in the prior year, alongside GAAP net income of approximately $2.0 million.
Cash position increased to $41.2 million as of June 30, 2026, which management believes is sufficient to fund the business based on current operating plans.