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Medexus Pharmaceuticals boosts 2Q revenue attributed to IXINITY acquisition

Medexus Pharmaceuticals Inc (CVE:MDP) (OTCQX:MEDXF) (FRA:P731) CEO Ken d’Entremont tells Proactive its second quarter revenue rose to C$23.6 million from C$16.4 million during the same period last year, which it attributed mainly to its acquisition of IXINITY, as well as solid performances from key products.

d’Entremont says the specialty pharmaceutical company also reported that adjusted EBITDA for the period increased to C$3.0 million from C$0.5 million a year earlier, while swinging to an operating profit of C$0.6 million from a loss of $1.3 million in second quarter 2019.

Quick facts: Medexus Pharmaceuticals Inc

Price: 5.52 CAD

TSX-V:MDP
Market: TSX-V
Market Cap: $79.79 m
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Medexus Pharmaceuticals gets Health Canada approval to market Gleolan for...

Medexus Pharmaceuticals Inc (CVE:MDP) (OTCQX:MEDXF) CEO Ken d’Entremont tells Proactive the group has received a notice of compliance from Health Canada, granting the company approval to market its tumor imaging agent Gleolan in the country. d’Entremont says with Gleolan, which is essentially...

on 09/14/2020

2 min read