Diligence memo · auto-generated · as of July 2, 2026
Fennec Pharmaceuticals Inc.
Fennec Pharmaceuticals Inc. looks fair against its niche peers and is dormant on financing cadence.
Businessfiled
Fennec Pharmaceuticals Inc. operates in Biotechnology, based in RESEARCH TRIANGLE PARK.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Fennec Pharmaceuticals Inc. has raised $11M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $7.6M on 2017-06-08.
Most recent recorded round closed around 2017-06-08.
Valuation (modeled)modeled
Provath models Fennec Pharmaceuticals Inc. at approximately $275M (range $8.3M–$1.5B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 1.30× the median modeled value of Series A Biotechnology companies in 2016–2018 (157 peers) — value vs value, same stage and era. Within the normal band (130% of peer median) for its niche.
Financing rhythm & timingmixed
Historic cadence: a new round about every 21 months.
Last raise 9.1 yr ago; this sector typically re-raises about every 14 months.
Silent for over 3× the sector's normal cadence.
The last round stepped up 3.5× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 59% of Biotechnology peers (4293 compared).
Modeled value ranks above 76% of those peers.
Closest niche peers: Bio-Dent, LTD. LLC, Anthera Pharmaceuticals Inc, Cynvec LLC, Biothera Holding Corp., Limelight Bio, Inc..
Peoplefiled
8 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.