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Fennec Pharmaceuticals Inc. (FRX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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5.30+0.02 (+0.38%)
As of 11:15AM EST. Market open.
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  • b
    brian
    I don't care if it takes 1-2 years for approval if this gets in the $3 range I am loading up. It proved to get up to $10 right before approval and an average price forecast of $15 after approval. This company is only Pedmark so it needs to get approval. The whole focus for the next year will be on this issue. Once resolved an investment at this current entry will give you a 100% return preapproval and 275% from approval. I think it is worth an investment after we find the bottom. What do you think?
  • L
    L.R.
    Another CRL for manufacturing issues. This could delay approval 6-9 months. Fennec will definitely need to raise more cash through stock sale or debt.
  • K
    Krypton
    Patience! 50% down is not appropriate reaction. Check the volume is only 3 million. No institution are selling. We should to review the new response letter before posting negative about the management. This is an opportunity for an entry, Institution ownership increased from 45% to 50%.
  • D
    Dan
    Why is the PDUFA target date Nov 27th on a Saturday ? Doesn't seem to make sense. I'm guessing if it falls on a weekend it won't happen until the following week.
  • R
    Robert
    Suspicious day today with heavier than usual trading and downward stock pressure. Is there already insider knowledge about the FDA decision?
  • J
    John
    Many researchers explored the effects of FDA drug authorizations on stock prices. A recent study using 344 FDA events revealed a significant wealth effect of 1.56% following a positive FDA announcement. This study also found that financial market losses from product development failures are much larger than financial market gains from product development successes; indicating an asymmetry in the response of financial markets (Sharma and Lacey 2004). A more recent event study demonstrated stock prices showing significant abnormal returns following a final FDA decision (Sarkar and de Jong 2006).

    https://libstore.ugent.be/fulltxt/RUG01/002/062/116/RUG01-002062116_2013_0001_AC.pdf

    Analysis of Stock Market Reactions to FDA and EMEA Announcements

    Author:
    Joachim De Schrijcer
  • B
    Brett
    Fennec management is not trustworthy; they skimp on production in facilities that will never meet approval…

    Fool me once, shame on you. Fool me 10 times, shame on me. If a business comes down to its leadership, shareholders should consider forcing a change in fennec’s ‘leadership’.
  • Z
    Zeb
    Seems like a buy today!
  • J
    John
    14 days and counting

    Food and Drug Administration (FDA) has accepted for filing the resubmission of its New Drug Application (NDA) for PEDMARKTM (a unique formulation of sodium thiosulfate) for the prevention of ototoxicity induced by cisplatin chemotherapy in patients one month to < 18 years of age with localized, non-metastatic, solid tumors. The Prescription Drug User Fee Act(PDUFA) target action date has been set for November 27, 2021.
    “We are pleased that the FDA has accepted our PEDMARKTM resubmission,” said Rosty Raykov, chief executive officer of Fennec Pharmaceuticals, Inc. “We look forward to working closely with the FDA through the review process. We are committed to bringing this treatment to children receiving cisplatin chemotherapy, an area of high unmet medical need. If approved, PEDMARKTM stands to be the first FDA approved therapy to reduce the risk of cisplatin induced ototoxicity in pediatric patients.”
  • S
    Steve
    FDA did it again. Pulled "..manufacturing deficiencies.." out of its box of cheap excuses. If they found deficiencies during inspection they would have issued 483s.
  • j
    john
    Pdufa coming up and fenc has been steadily going up. If the nes is good fenc could quickly drop so be careful.
  • h
    haskins
    I heard about FENC the other day on (http://trademarketview.tech). It’s looking like an interesting play.
  • J
    Joe
    be careful and quick! smaller companies are not known and FDA approval can make prices go down due to hedges selling off and not much retail activity. if there is no squeeze then the price will drop
  • C
    Christine
    Nothing but disgusted
  • I
    Ido
    This thing is real? 11% down?
  • s
    shortsqueeze
    (ARDS) MC 31 m ..2x HUGE Phase 3 Drugs =2000% UPSIDEE
  • c
    carmp
    FDA doesn't want this to be approved. So maybe big pharma could scoop this up at 2/share. Such BS.
  • C
    Coltrane
    and just like that, it's over...
  • G
    George
    Last chance before 10...15...20...🚀
  • F
    Florida Guy
    There are people here promoting erroneous information about just how long a time frame will be involved in getting the manufacturing issues fixed, and it's not going to be a matter of weeks or even just a few months as some are saying! Here's the accurate regulatory guidance from the FDA, and note that FENC will have to submit a "Class 2 Resubmission," which once received can take as long as SIX MONTHS for FDA action: https://www.fda.gov/media/84417/download. Note that among the factors that will require a Class 2 resubmission are "2. A new manufacturing facility(ies) or would warrant a follow-up assessment and/or inspection of manufacturing facility(ies);... ." See page 3, paragraph D. 2.