regulatory
confidence high
sentiment positive
materiality 0.75
Fennec receives FDA Orphan Drug Exclusivity for PEDMARK; 7-year market exclusivity until 2029
FENNEC PHARMACEUTICALS INC.
- FDA granted Orphan Drug Exclusivity to PEDMARK, providing 7-year market exclusivity from Sept. 20, 2022 to Sept. 20, 2029.
- PEDMARK is the first and only FDA-approved therapy to reduce cisplatin-induced ototoxicity in pediatric solid tumor patients.
- Company holds three Orange Book patents for PEDMARK, with protection until 2038-2039.
- FDA explicitly directed that PEDMARK is not substitutable with other sodium thiosulfate products.