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                <ns2:stateOrCountry>NC</ns2:stateOrCountry>
                <ns2:zipCode>27709</ns2:zipCode>
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            <relationshipsToIssuer>
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                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
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            <aggregateMarketValue>60847.19</aggregateMarketValue>
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            <approxSaleDate>01/06/2025</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
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            <paymentDate>08/13/2020</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
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        <securitiesToBeSold>
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            <amountOfSecuritiesAcquired>2431</amountOfSecuritiesAcquired>
            <paymentDate>12/31/2024</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
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                <address>
                    <ns2:street1>PO BOX 13628, 68 TW ALEXANDER DRIVE</ns2:street1>
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                    <ns2:stateOrCountry>NC</ns2:stateOrCountry>
                    <ns2:zipCode>27709</ns2:zipCode>
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            <securitiesClassTitle>Common</securitiesClassTitle>
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            <amountOfSecuritiesSold>796</amountOfSecuritiesSold>
            <grossProceeds>4807.84</grossProceeds>
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        <securitiesSoldInPast3Months>
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                    <ns2:zipCode>27709</ns2:zipCode>
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            <grossProceeds>10022.55</grossProceeds>
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        <securitiesSoldInPast3Months>
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                    <ns2:stateOrCountry>NC</ns2:stateOrCountry>
                    <ns2:zipCode>27709</ns2:zipCode>
                </address>
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            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>11/04/2024</saleDate>
            <amountOfSecuritiesSold>2431</amountOfSecuritiesSold>
            <grossProceeds>10477.61</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>01/06/2025</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>08/23/2024</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Rostislav Raykov</signature>
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144
0001468316
XXXXXXXX
LIVE
0001211583
FENNEC PHARMACEUTICALS INC.
001-32295
PO BOX 13628, 68 TW ALEXANDER DRIVE
Research Triangle Park
NC
27709
(919) 636-4530
ROSTISLAV RAYKOV
Director
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
10000
60847.19
27470009
01/06/2025
NASDAQ
Common
08/13/2020
Exercised Shares
ISSUER
N
7569
08/13/2020
Cash
Common
12/31/2024
Restricted Stock
ISSUER
N
2431
12/31/2024
Not Applicable
N
ROSTISLAV RAYKOV
PO BOX 13628, 68 TW ALEXANDER DRIVE
Research Triangle Park
NC
27709
Common
12/05/2024
796
4807.84
ROSTISLAV RAYKOV
PO BOX 13628, 68 TW ALEXANDER DRIVE
Research Triangle Park
NC
27709
Common
12/03/2024
1635
10022.55
ROSTISLAV RAYKOV
PO BOX 13628, 68 TW ALEXANDER DRIVE
Research Triangle Park
NC
27709
Common
11/04/2024
2431
10477.61
01/06/2025
08/23/2024
/s/ Rostislav Raykov