{"id":403793,"date":"2020-12-21T09:56:06","date_gmt":"2020-12-21T14:56:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403793"},"modified":"2020-12-21T09:56:06","modified_gmt":"2020-12-21T14:56:06","slug":"medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/","title":{"rendered":"Medexus (MDP.V) expands specialty pharmaceuticals portfolio"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>By <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=4090984803&amp;u=http%3A%2F%2Fglobalstocksnews.com%2F&amp;a=Global+Stocks+News\" rel=\"nofollow noopener noreferrer\">Global Stocks News<\/a><\/p>\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">Dec. 20, 2020<\/span> \/PRNewswire\/ &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=1107274074&amp;u=https%3A%2F%2Fwww.medexus.com%2Fen_US&amp;a=Medexus+Pharmaceuticals+(MDP.V)\" rel=\"nofollow noopener noreferrer\">Medexus Pharmaceuticals (MDP.V)<\/a>\u00a0is a specialty\u00a0pharmaceuticals company that delivers innovative medicines to underserved segments of the market.<\/p>\n<p>With over 20,000 prescription drug products <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=1624238636&amp;u=https%3A%2F%2Fwww.fda.gov%2Fabout-fda%2Ffda-basics%2Ffact-sheet-fda-glance&amp;a=approved+for+marketing+in+North+America\" rel=\"nofollow noopener noreferrer\">approved for marketing in <span class=\"xn-location\">North America<\/span><\/a>, the pharmacology space is fiercely competitive. Identifying &#8220;underserved markets&#8221; requires scientific, regulatory and business savvy.\u00a0 <\/p>\n<p>Medexus&#8217; CEO Ken d&#8217;Entremont \u2013 a chemist by trade &#8211; is the former V.P of business development at Big Pharma company Sanofi, where he led the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=2666091325&amp;u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fkendentremont%2F%3ForiginalSubdomain%3Dca&amp;a=in-licensing+initiatives+for+Sanofi+Canada\" rel=\"nofollow noopener noreferrer\">in-licensing initiatives for Sanofi Canada<\/a>.<\/p>\n<p>The current focus at MDP\u00a0includes rheumatology (arthritis\/joints\/muscles), auto-immune disease (diabetes\/MS\/lupus), specialty oncology (cancer) and pediatrics (child healthcare).<\/p>\n<p>On <span class=\"xn-chron\">December 18, 2020<\/span> Medexus announced it has signed an exclusive license agreement with Ethypharm to <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=1142970170&amp;u=https%3A%2F%2Fwww.medexus.com%2Fen_US%2Fnews-media%2Fpress-releases%2Fdetail%2F58%2Fmedexus-enters-into-exclusive-license-to-register-and&amp;a=register+and+commercialize+Triamcinolone+Hexacetonide+Injectable+Suspension\" rel=\"nofollow noopener noreferrer\">register and commercialize Triamcinolone Hexacetonide Injectable Suspension<\/a> 20 mg\/mL (TH) in the U.S.<\/p>\n<p>TH is used to treat adults and teenagers suffering from arthritis. The effects last twice as long as competitive products.<\/p>\n<p>This exclusive agreement is expected to address existing supply chain issues, while reducing hospital visits and the need for general anesthetics.<\/p>\n<p>Physically active aging Baby Boomers are plagued by joint pain.\u00a0 Next year, the total number of people older than 65 years will jump to <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=3547150905&amp;u=https%3A%2F%2Fwww2.deloitte.com%2Fglobal%2Fen%2Fpages%2Flife-sciences-and-healthcare%2Farticles%2Fglobal-health-care-sector-outlook.html&amp;a=656+million\" rel=\"nofollow noopener noreferrer\">656 million<\/a> (about 11% of the population).\u00a0 In California, the over-65 population is increasing at twice the speed of millennials.<\/p>\n<p>According to an <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=304336717&amp;u=https%3A%2F%2Fwww.globenewswire.com%2Fnews-release%2F2019%2F05%2F09%2F1820921%2F0%2Fen%2FJoint-Pain-Injections-Market-Size-Worth-US-5-7-Bn-by-2026.html&amp;a=Acumen+Research+Report\" rel=\"nofollow noopener noreferrer\">Acumen Research Report<\/a><b>, t<\/b>he global <b>Joint Pain Injections Market<\/b>\u00a0is estimated to grow at CAGR 8% in the next six years, to reach USD <span class=\"xn-money\">$5.7 billion<\/span> by 2026.<\/p>\n<p>Medexus expects to file for FDA approval of TH within 12-24 months.<\/p>\n<p>On <span class=\"xn-chron\">November 16, 2020<\/span> Medexus published <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=2002249274&amp;u=https%3A%2F%2Fwww.medexus.com%2Fen_US%2Finvestors%2Fnews-events%2Fpress-releases%2Fdetail%2F55%2Fmedexus-pharmaceuticals-reports-operating-and-financial&amp;a=financial+and+operating+results\" rel=\"nofollow noopener noreferrer\">financial and operating results<\/a> for the three months ended <span class=\"xn-chron\">September 30, 2020<\/span> (Q2, 2021).<\/p>\n<p>Medexus achieved revenue of <span class=\"xn-money\">$23.6 million<\/span> (CND) for the three-month period ended <span class=\"xn-chron\">September 30, 2020<\/span>, a 40% increase over the same period, the previous year. <\/p>\n<p>The big revenue growth catalyst was the <span class=\"xn-money\">$3 million<\/span> quarterly revenue derived from IXINITY sales.<\/p>\n<p>IXINITY is used to treat Hemophilia B \u2013 a hereditary bleeding disorder.\u00a0 <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=2145547288&amp;u=https%3A%2F%2Fwww.hemophilia.org%2Fbleeding-disorders-a-z%2Ftypes%2Fhemophilia-b&amp;a=Hemophilia+occurs+in+approximately+1+in+5%2C000+live+births\" rel=\"nofollow noopener noreferrer\">Hemophilia occurs in approximately 1 in 5,000 live births<\/a>.<\/p>\n<p>IXINITY was absorbed by MDP in February, 2020 in a &#8220;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=2561573153&amp;u=https%3A%2F%2Fwww.medexus.com%2Fen_US%2Finvestors%2Fnews-events%2Fpress-releases%2Fdetail%2F30%2Fmedexus-expands-its-us-product-portfolio-by-acquiring-the&amp;a=transformative+acquisition\" rel=\"nofollow noopener noreferrer\">transformative acquisition<\/a>&#8220;.\u00a0 At that time, the product was booking 40% year-over-year growth. Since that event, the MDP stock price has risen 74%.<\/p>\n<p>MDP paid USD <span class=\"xn-money\">$30 million<\/span> for IXINITY.\u00a0 The purchase price was non-dilutive \u2013 coming from existing cash and a <span class=\"xn-money\">$20 million<\/span> credit facility with MidCap Financial.<\/p>\n<p>The U.S. hemophilia B market is approximately USD <span class=\"xn-money\">$734 million<\/span> and growing, with a highly concentrated prescriber base (limited number of physicians treating the disorder).<\/p>\n<p>&#8220;IXINITY is an FDA approved product with a track record of safety, efficacy and growing sales,&#8221; stated d&#8217;Entremont.<\/p>\n<p>The product is currently approved for patients 12 years and older. <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=851290651&amp;u=https%3A%2F%2Fwww.medexus.com%2Fen_US%2Finvestors%2Fnews-events%2Fpress-releases%2Fdetail%2F54%2Fmedexus-reaches-50-enrollment-in-ixinity-phase-4&amp;a=An+MDP%C2%A0Phase+4+clinical+trial\" rel=\"nofollow noopener noreferrer\">An MDP\u00a0Phase 4 clinical trial<\/a> is investigating the safety and efficacy of IXINITY for children. <\/p>\n<p>&#8220;The pediatric segment is estimated to represent one-third of the hemophilia B population,&#8221; stated d&#8217;Entremont, who is targeting &#8220;a label expansion&#8221; for IXINITY.<\/p>\n<p>&#8220;Medexus&#8217; <span class=\"xn-money\">$95 million<\/span> 12-month trailing revenue is within 5% of its current market cap,&#8221; stated <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=55217581&amp;u=http%3A%2F%2Fglobalstocksnews.com%2Fabout-guy-bennett%2F&amp;a=Global+News+CEO+Guy+Bennett\" rel=\"nofollow noopener noreferrer\">Global News CEO <span class=\"xn-person\">Guy Bennett<\/span><\/a> on <span class=\"xn-chron\">December 20, 2020<\/span>, &#8220;By comparison, the <span class=\"xn-money\">$209 billion<\/span> Pfizer has 12-month trailing revenue of about <span class=\"xn-money\">$45 billion<\/span>, about 21% of its market cap&#8221;.<\/p>\n<p>Medexus has 43 dedicated North American sales reps.<\/p>\n<p>The <span class=\"xn-chron\">November 16, 2020<\/span> financials reveal that Medexus&#8217; selling and admin expenses decreased this quarter from 64.4% of revenue to 46.6% of revenue.<\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3018946-1&amp;h=2994995485&amp;u=http%3A%2F%2Fglobalstocksnews.com%2Flegal-disclaimer%2F&amp;a=Full+Disclaimer\" rel=\"nofollow noopener noreferrer\">Full Disclaimer<\/a>.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA30090&amp;sd=2020-12-21\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/medexus-mdpv-expands-specialty-pharmaceuticals-portfolio-301196839.html\">http:\/\/www.prnewswire.com\/news-releases\/medexus-mdpv-expands-specialty-pharmaceuticals-portfolio-301196839.html<\/a><\/p>\n<p>SOURCE  Global Stocks News<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA30090&amp;Transmission_Id=202012210952PR_NEWS_USPR_____VA30090&amp;DateId=20201221\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire By Global Stocks News VANCOUVER, BC, Dec. 20, 2020 \/PRNewswire\/ &#8211; Medexus Pharmaceuticals (MDP.V)\u00a0is a specialty\u00a0pharmaceuticals company that delivers innovative medicines to underserved segments of the market. With over 20,000 prescription drug products approved for marketing in North America, the pharmacology space is fiercely competitive. Identifying &#8220;underserved markets&#8221; requires scientific, regulatory and business savvy.\u00a0 Medexus&#8217; CEO Ken d&#8217;Entremont \u2013 a chemist by trade &#8211; is the former V.P of business development at Big Pharma company Sanofi, where he led the in-licensing initiatives for Sanofi Canada. The current focus at MDP\u00a0includes rheumatology (arthritis\/joints\/muscles), auto-immune disease (diabetes\/MS\/lupus), specialty oncology (cancer) and pediatrics (child healthcare). On December 18, 2020 Medexus announced it has signed an exclusive license agreement with Ethypharm to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Medexus (MDP.V) expands specialty pharmaceuticals portfolio&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-403793","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Medexus (MDP.V) expands specialty pharmaceuticals portfolio - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medexus (MDP.V) expands specialty pharmaceuticals portfolio - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire By Global Stocks News VANCOUVER, BC, Dec. 20, 2020 \/PRNewswire\/ &#8211; Medexus Pharmaceuticals (MDP.V)\u00a0is a specialty\u00a0pharmaceuticals company that delivers innovative medicines to underserved segments of the market. With over 20,000 prescription drug products approved for marketing in North America, the pharmacology space is fiercely competitive. Identifying &#8220;underserved markets&#8221; requires scientific, regulatory and business savvy.\u00a0 Medexus&#8217; CEO Ken d&#8217;Entremont \u2013 a chemist by trade &#8211; is the former V.P of business development at Big Pharma company Sanofi, where he led the in-licensing initiatives for Sanofi Canada. The current focus at MDP\u00a0includes rheumatology (arthritis\/joints\/muscles), auto-immune disease (diabetes\/MS\/lupus), specialty oncology (cancer) and pediatrics (child healthcare). On December 18, 2020 Medexus announced it has signed an exclusive license agreement with Ethypharm to &hellip; Continue reading &quot;Medexus (MDP.V) expands specialty pharmaceuticals portfolio&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T14:56:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA30090&amp;sd=2020-12-21\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Medexus (MDP.V) expands specialty pharmaceuticals portfolio\",\"datePublished\":\"2020-12-21T14:56:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\\\/\"},\"wordCount\":556,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=VA30090&amp;sd=2020-12-21\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\\\/\",\"name\":\"Medexus (MDP.V) expands specialty pharmaceuticals portfolio - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Medexus (MDP.V) expands specialty pharmaceuticals portfolio - Market Newsdesk","og_description":"PR Newswire By Global Stocks News VANCOUVER, BC, Dec. 20, 2020 \/PRNewswire\/ &#8211; Medexus Pharmaceuticals (MDP.V)\u00a0is a specialty\u00a0pharmaceuticals company that delivers innovative medicines to underserved segments of the market. With over 20,000 prescription drug products approved for marketing in North America, the pharmacology space is fiercely competitive. Identifying &#8220;underserved markets&#8221; requires scientific, regulatory and business savvy.\u00a0 Medexus&#8217; CEO Ken d&#8217;Entremont \u2013 a chemist by trade &#8211; is the former V.P of business development at Big Pharma company Sanofi, where he led the in-licensing initiatives for Sanofi Canada. The current focus at MDP\u00a0includes rheumatology (arthritis\/joints\/muscles), auto-immune disease (diabetes\/MS\/lupus), specialty oncology (cancer) and pediatrics (child healthcare). On December 18, 2020 Medexus announced it has signed an exclusive license agreement with Ethypharm to &hellip; Continue reading \"Medexus (MDP.V) expands specialty pharmaceuticals portfolio\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-21T14:56:06+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA30090&amp;sd=2020-12-21","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Medexus (MDP.V) expands specialty pharmaceuticals portfolio","datePublished":"2020-12-21T14:56:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/"},"wordCount":556,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA30090&amp;sd=2020-12-21","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/medexus-mdp-v-expands-specialty-pharmaceuticals-portfolio\/","name":"Medexus (MDP.V) expands specialty pharmaceuticals portfolio - 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