Last C$0.93 CAD
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adherex technologies inc (AHX) Snapshot

Open
C$0.92
Previous Close
C$0.93
Day High
C$0.95
Day Low
C$0.85
52 Week High
05/27/14 - C$2.59
52 Week Low
09/12/13 - C$0.21
Market Cap
27.5M
Average Volume 10 Days
19.7K
EPS TTM
C$-0.12
Shares Outstanding
29.6M
EX-Date
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Current Stock Chart for ADHEREX TECHNOLOGIES INC (AHX)

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adherex technologies inc (AHX) Details

Adherex Technologies Inc., together with its subsidiaries, operates as a development stage biopharmaceutical company with a portfolio of product candidates under development for use in the treatment of cancer. Its lead product candidates include Sodium Thiosulfate, a water soluble thiol compound, which is in phase III clinical trials that act as a chemical reducing agent for the prevention of cisplatin induced hearing loss or ototoxicity in children; and Eniluracil, an oral irreversible dihydropyrimidine dehydrogenase inhibitor for the rapid break down of 5-FU in the body, which has completed phase II clinical trials for the treatment of metastatic breast cancer. Adherex Technologies Inc. was founded in 1996 and is based in Research Triangle Park, North Carolina.

1 Employees
Last Reported Date: 05/14/14
Founded in 1996

adherex technologies inc (AHX) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $140.0K
Interim Chief Financial Officer
Total Annual Compensation: $26.5K
Consultant
Total Annual Compensation: $71.5K
Compensation as of Fiscal Year 2013.

adherex technologies inc (AHX) Key Developments

Adherex Technologies Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Adherex Technologies Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss was $750,000, or $0.03 loss per share, compared to a net income of $6.61 million, or $0.26 per share, for the same quarter ended June 30, 2013. Loss from operations was $930,000, compared to a loss from operations of $927,000 for the same quarter ended June 30, 2013. For the six months, net loss was $3.94 million, or $0.13 loss per share, compared to a net income of $2.50 million, or $0.10 per share, for the same period ended June 30, 2013. Loss from operations for the six months ended June 30, 2014 was $1.47 million, compared to a loss from operations of $1.46 million for the same period ended June 30, 2013.

Adherex Technologies Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Adherex Technologies Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported a net loss from operations of $0.9 million which excludes a $0.2 million non-cash gain on derivatives for the second quarter ended June 30, 2014, compared to a net loss from operations of $0.9 million excluding the non-cash gain on derivatives of $7.5 million in the same period 2013. There was a significant decrease in research and development expenses for the three months ended June 30, 2014 as compared to the same period in 2013 due to the winding down of the Phase II Eniluracil trial in 2013. For the quarter, the company’s loss from operations was $930,000 against $927,000 a year ago. Net loss was at $750,000 against income of $6.61 million a year ago. Basic and diluted net loss per common share was $0.03 against income of $0.26 a year ago. For the six month period ended June 30, 2014, the company reported a net loss from operations of $1.5 million excluding the $2.5 million non-cash loss on derivatives, compared to a net loss from operations of $1.5 million excluding the non-cash gain of $4.0 million in the same period in 2013. Overall decreases in research and development costs of $0.6 million were offset by the increase in general and administrative costs of $0.6 million. Again, the six month comparative results are being driven primarily by the associated reduction in expenses of winding down of the Phase II Eniluracil trial in 2013 and the increase in non-cash general and administrative expense related to the issuance of options. The company’s loss from operations was $1,467,000 against $1,464,000 a year ago. Net loss was $3.94 million against income of $2.5 million a year ago. Basic and diluted net loss per common share was $0.13 against income of $0.10 a year ago.

Adherex Technologies Inc. Announces Results from Two Sodium Thiosulfate Phase 3 Studies

Adherex Technologies Inc. announced the results on the two Sodium Thiosulfate (STS) Phase III studies presented at the 2014 American Society of Clinical Oncology (ASCO) Annual Meeting in Chicago, Illinois. COG Study ACCL0431, "A Randomized Phase III Study of Sodium Thiosulfate for the Prevention of Cisplatin-Induced Ototoxicity in Children," finished enrollment of 131 patients in first quarter 2012. The patients had been previously diagnosed with childhood cancers. The primary endpoint was to evaluate the efficacy of STS for prevention of hearing loss in children receiving cisplatin chemotherapy (hypothesis: 50% relative reduction in hearing loss). Secondary endpoints included: Compare change in mean hearing thresholds, Compare incidence of other Grade 3/4 toxicities (renal and hematological) and Monitor Event Free Survival (EFS) and Overall Survival (OS) in two groups. Preliminary Results: 126 eligible subjects were enrolled with germ cell tumor (32), osteosarcoma (30), neuroblastoma (26), medulloblastoma (26), hepatoblastoma (7) or other (5). Of these 104 subjects (64 male and 29 <5 years old) were evaluable for the primary endpoint. Subjects were randomized either to no treatment (control) or treatment with STS 16 grams/m2 IV over 15 minutes 6 hours after each cisplatin dose. Hearing was measured using standard audiometry for age and data were reviewed centrally using American Speech-Language-Hearing Association criteria. The proportion of subjects with hearing loss assessed at 4 weeks post the final cisplatin dose (primary endpoint) and EFS/OS (log-rank test, 2-year cumulative estimates and Cox proportional hazards model) were compared between the two groups. The proportion of hearing loss for STS vs. Control was 28.6% (14/49) vs.56.4% (31/55), respectively (p=0.004). Including all 126 subjects at median post-enrollment follow-up of 2.9 years for censored patients, EFS for STS vs. Control was 61.2% vs. 69.9% (p=0.31); OS was 77.0% vs. 88.9% (p=0.029). A subset analysis by extent of disease determined post hoc was performed: For subjects with localized disease, EFS for STS (N=40) vs. Control (N=38) was 72.5% vs. 68.3% (p=0.94); HR (hazard ratio) 1.03 (p=0.94); OS was 89.0% vs. 89.5% (p=0.48); HR 1.58 (p=0.48). For those with disseminated (metastatic) disease, EFS for STS (N=21) vs. Control (N=26) was 41.6% vs. 72.5% (p=0.085); HR 2.13 (p=0.092); OS was 55.9% vs. 88.1% (p=0.011); HR 3.97 (p=0.019). Preliminary Conclusions: STS protects against cisplatin-induced hearing loss in children, especially for those < 5 years old. In this study, use of STS did not result in lower EFS/OS in patients with localized disease. However, the lower survival among those with disseminated disease raises the concern of a tumor protective effect when STS is administered on this dose and schedule. The primary objectives of the study are: to assess the efficacy of STS to reduce the hearing impairment caused by cisplatin and to carefully monitor any potential impact of STS on response to cisplatin and survival. The primary endpoint of the study is centrally reviewed absolute hearing threshold, at the age of >=3.5 yrs, by pure tone audiometry, graded by Brock criteria.

 

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