Strong Revenue Growth
Fennec Pharmaceuticals reported net product sales of approximately $8.8 million for Q1 2025, reflecting an 18% growth compared to the same period last year and an 11% increase over Q4 2024.
Expansion of PEDMARK
PEDMARK is now launched commercially in Germany and the UK, with recent acceptance for use in Scotland. This marks important steps for Fennec's mission to expand access in the European Union and the UK.
Strategic Targeting and Adoption
The implementation of a sophisticated targeting model led to early traction with tier 1 targets and expanded PEDMARK's adoption into key institutions like Tampa General Hospital and City of Hope.
Positive Momentum in AYA Segment
Significant adoption and interest in the adolescent and young adult (AYA) segment, with 20,000 cisplatin chemotherapy patients treated annually in key tumor types.
Reduction in Selling and Marketing Expenses
Selling and marketing expenses decreased to $2.9 million in Q1 2025, down from $5.2 million in Q1 2024, due to the elimination of European pre-commercialization activities.