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FDA Issues Reminder of Non-Substitution of PEDMARK Ò (sodium thiosulfate injection) for Pediatric Patients Receiving Cisplatin

Key Takeaway: Fennec Pharmaceuticals Inc. announced that the FDA has issued a reminder to healthcare providers regarding PEDMARK, a sodium thiosulfate injection. The FDA clarified that PEDMARK is not interchangeable with other sodium thiosulfate products, emphasizing its importance in reducing the risk of hearing loss in pediatric patients undergoing cisplatin therapy. The reminder aims to ensure patient safety and proper adherence to the prescribing information. PEDMARK received FDA approval in September 2022, highlighting its critical role in pediatric oncological care.

Market Sentiment Analysis

POSITIVE FACTORS

  • The FDA's reminder reinforces PEDMARK's unique position as the only approved therapy to reduce cisplatin-related ototoxicity in pediatric patients.
  • Fennec Pharmaceuticals has successfully obtained FDA approval and European Marketing Authorization for PEDMARK and Pedmarqsi.
  • PEDMARK's Orphan Drug Exclusivity provides Fennec a competitive market advantage for seven years.

Full Press Release Details

Issues Reminder of Non-Substitution of PEDMARK
(sodium thiosulfate injection) for
Pediatric Patients Receiving Cisplatin
TRIANGLE PARK, N.C., February 1, 2024 - Fennec Pharmaceuticals Inc. (NASDAQ: FENC; TSX: FRX), a commercial stage specialty
pharmaceutical company, today announced that the U.S. Food and Drug Administration (FDA) has issued a public reminder to healthcare providers
that PEDMARK (sodium
thiosulfate injection) is not substitutable with other sodium thiosulfate products as explicitly directed in its prescribing label. PEDMARK
is the first and only FDA approved therapy indicated to reduce the risk of ototoxicity (e.g., permanent hearing loss) associated with
cisplatin in pediatric patients 1 month of age and older with localized, non-metastatic solid tumors.
stated in the public communication that it is aware that some providers may be preparing other sodium thiosulfate (STS) products for
patient use in place of PEDMARK, including diluting STS products approved for other uses to match the strength of PEDMARK. The FDA reminded
health care providers that as stated in PEDMARK's prescribing information, PEDMARK is not substitutable with other sodium
thiosulfate products. The FDA stated that such substitutions pose potential health risks, including:
communication was issued by the FDA's Professional Affairs and Stakeholder Engagement Staff within the Center for Drug Evaluation
and Research, Office of Communications. The FDA encourages those with any questions to contact FDAOncology@fda.hhs.gov.
Fennec Pharmaceuticals Inc. is a specialty pharmaceutical
company focused on the development and commercialization of PEDMARK and Pedmarqsi to reduce the risk of platinum-induced ototoxicity
in pediatric patients. Further, PEDMARK received FDA approval in September 2022 and European Commission Marketing Authorization in June
2023 for Pedmarqsi. PEDMARK has received Orphan Drug Exclusivity in the U.S. for seven years of market protection and Pedmarqsi has received
Pediatric Use Marketing Authorization in Europe which includes eight years plus two years of data and market protection. Fennec has a
license agreement with Oregon Health and Science University (OHSU) for exclusive worldwide license rights to intellectual property directed
to sodium thiosulfate and its use for chemoprotection, including the reduction of risk of ototoxicity induced by platinum chemotherapy,
in humans. For more information, please visit www.fennecpharma.com.
information, please contact:
Chief Financial Officer
Fennec Pharmaceuticals Inc.
Corporate and Media:
Elixir Health Public Relations

Frequently Asked Questions

What is PEDMARK used for in pediatric patients?

PEDMARK (sodium thiosulfate injection) is used to reduce the risk of ototoxicity.

Can other sodium thiosulfate products replace PEDMARK?

No, other sodium thiosulfate products are not substitutable for PEDMARK.

Who issued the reminder about PEDMARK substitutions?

The FDA issued the reminder to healthcare providers regarding PEDMARK.

When was PEDMARK approved by the FDA?

PEDMARK received FDA approval in September 2022.

How long is PEDMARK's market exclusivity in the U.S.?

PEDMARK has received seven years of market exclusivity in the U.S.

Last updated: Feb 1, 2024