Second rejection imminent for Fennec's Pedmark in the USA

30 November 2021

Specialty drugmaker Fennec Pharmaceuticals (Nasdaq: FENC) has announced it will receive a Complete Response Letter (CRL) from the US regulator for its medicine Pedmark (sodium thiosulfate).

The blow hit the company’s share price hard on Monday, with Fennec stock ending the day down around 48%.

The company had already re-submitted Pedmark for approval, after the US Food and Drug Administration rejected its initial bid last year over manufacturing concerns.

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