Good morning, ladies and gentlemen. My name is Joe, and I will be your operator for today. I'd like to welcome everyone to the Knight Therapeutics Inc Second Quarter 2022 Results Conference Call. Before turning the call over to Samira Sakhia, President and CEO of Knight, listeners are reminded that portions of today's discussion may, by their nature, necessarily involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. The company considers the assumptions on which these forward-looking statements are based to be reasonable at the time they were prepared, but cautions that these assumptions regarding the future events, many of which are beyond the control of the company and its subsidiaries, may ultimately prove to be incorrect. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether a result of new information, future events, except as required by law. We would also like to remind you, questions during today's call will be taken from analysts only. Should there be any further questions, please contact Knight's Investor Relations Department via email to info@knighttx.com or via phone at 514-484-4483. I would like to remind everyone that this call is being recorded today, August 11th, 2022. Now I would like to turn the meeting over to your host for today's call, Samira Sakhia. Please go ahead, Ms. Sakhia. Thank you, Joe. Good morning, everyone, and welcome to Knight Therapeutics Second Quarter 2022 Conference Call. I'm joined on today's call with Amal Khouri, our Chief Business Officer, Arvind Utchanah, our Chief Financial Officer, and Jeff Martens, our Global VP of Commercial. I'm excited to announce that Knight achieved record quarterly revenues of CAD 75.8 million for the quarter, which represents an increase of CAD 10 million or 15% compared to Q2 2021. We continue to see growth in our key brands, driven by market penetration as COVID-19 restrictions are lifted, as well as the impact of the acquisition of Exelon. Almost one year after closing that transaction, we have completed the Exelon marketing authorization transfers to Knight in our key LatAm territories and have assumed commercial activities in Colombia. We also continued to execute on the business development front and entered into exclusive distribution and supply agreements with Helsinn and Rigel in our key territories. Turning to the NCIB. During the second quarter of 2022, we purchased approximately 1.5 million common shares for aggregate cash consideration of CAD 7.7 million at an average price of CAD 5.30 per share. Subsequent to the quarter, we announced the acceptance by the Toronto Stock Exchange of our notice of intention to relaunch a normal course issuer bid, which commenced on July 14th, 2022. Under the 2022 NCIB, Knight may purchase for cancellation up to eight million shares over the next 12 months. I will now turn the call over to Arvind to provide more details on our financial results. Thank you, Samira. In the course of this conference call, I will refer to EBITDA and adjusted EBITDA, which are non-IFRS measures. Knight defines EBITDA as operating income or loss, excluding amortization and impairment of intangible assets, depreciation, purchase price, accounting adjustments, and the impact of accounting under hyperinflation, but to include costs related to leases. Adjusted EBITDA excludes acquisition costs and non-recurring expenses. With respect to our reported revenues, I will focus on the growth related to Exelon, and Jeff will provide an update on the rest of the portfolio. During the quarter ended June 30th, 2022, revenues excluding the impact of hyperinflation under IAS 29 was CAD 75 million, an increase of CAD 9.8 million or 15%. For the second quarter ended June 30th, 2022, Knight recognized revenues of CAD 12.4 million for Exelon, an increase of CAD 8.2 million or 200% compared to the same period last year. The increase in revenues is driven by the full quarter effect of the acquisition of Exelon, which was executed on May 26, 2021. Included in the CAD 12.4 million of revenues related to Exelon, CAD 4 million-CAD 4.5 million is due to the purchasing pattern of certain customers, as well as higher sales in Brazil in anticipation of the transfer of the commercial activities from Novartis to Knight. I would like to remind everyone that the majority of the Exelon revenues for the first half of this year has been accounted for as a net profit transfer and not net revenues. Moving on to gross margin. For the quarter ended June 30th, 2022, we reported CAD 38.3 million or 51% of revenues, compared to CAD 28.9 million or 44% of revenue in the same period last year. Excluding the impact of hyperinflation, the gross margin as a percentage of revenue would have been 54% for the second quarter of 2022. The increase in gross margin, both in dollars and as a percentage of revenues, is due to the change in product mix, including the acquisition of Exelon and its related revenues recorded as a net profit transfer. With the transfer of the commercial activities of Exelon in Colombia, we started accounting the related revenues on a net revenue basis starting in June 2022, which was not material in the quarter. Our total operating expenses for the second quarter of 2022, excluding the amortization of intangible assets, increased by CAD 3.7 million compared to Q2 of 2021. As we return to normal commercial activities post-COVID restrictions, we see an increase in our sales and marketing activities for our key promoted brands as well as Exelon. In addition, we saw an increase in compensation expenses as we expanded our structure, including the management team and certain variable costs such as logistic fees, consulting, and professional fees. Moving on to adjusted EBITDA. The adjusted EBITDA was CAD 17.9 million for the second quarter of 2022, an increase of CAD 8.5 million or 90% compared to the same period last year. The variance is due to the increase in gross margin, offset by the increase in operating expenses. Now moving on to net gains on our financial assets, which are not reflected in our adjusted EBITDA. In the second quarter of 2022, we recorded CAD 7.7 million of net loss on financial assets measured at fair value to profit or loss, which was mostly unrealized. The loss is driven by the continued decline in the share prices of the publicly traded equities in our strategic finance investments due to general market conditions. Moving to our cash flow from operations, Knight generated cash inflows of CAD 11.5 million for the quarter ended June 30, 2022. The cash flow from operations is driven by our operating results as adjusted for non-cash items such as depreciation and amortization, net loss on financial instrument, unrealized foreign exchange gain or loss, and change in working capital. Finally, as the commercial activities of Exelon transition to Knight, as I mentioned earlier, we will record net revenues with related cost of sales instead of a net profit transfer, which will lead to a decrease in our gross margin as a percentage of revenues. Furthermore, we expect additional investments in working capital with an increase in the level of trade accounts receivable and inventory in the next two quarters that will negatively impact our cash flow from operations for the rest of the year. The working capital levels are expected to normalize at the beginning of 2023. I will now turn the call over to Jeff to provide an update on our commercial activities. Thank you, Arvind. Building on our hard work of 2021, our efforts in 2022 remain focused on executional excellence of our new product launches while delivering competitive growth for our mature promoted portfolio. As previously discussed by Arvind, we started commercialization of Exelon in Colombia in June and expect commercialization activities to start in Brazil in Q3, while Mexico and Chile will start during the fourth quarter 2022. In addition to the increase of revenues from Exelon described by Arvind, we had a growth of CAD 2.1 million in our oncology hematology portfolio in Q2 2022 versus the same period last year. This includes the contribution from our launches of Lenvima, Halaven, and our dasatinib branded generic Rembre in Colombia, as well as penetration of our oncology hematology portfolio in other territories. This increase was partially offset by a decline in certain branded generic products due to entrance of new competitors. As for our infectious disease portfolio, it remained relatively flat due to lower COVID-related usage, estimated to be between CAD 4.5 million-CAD 6 million. This lower demand is offset by an increase in sales related to certain customers' buying patterns, as well as the organic growth from our new product launches and an increase in patient treatments as our markets reduce COVID restrictions. On a year-to-date basis, our oncology portfolio grew by CAD 7.4 million or 17% versus last year. Our infectious disease portfolio grew by CAD 5.4 million or 10% versus last year. While our commercial efforts were hindered by COVID last year, with return to the field this year, we are resuming normal commercial activities. With our patients returning to physicians, we are starting to see the impact of our efforts. I will now turn the call over to Amal to provide a business development update. Thank you, Jeff. As Samira previously mentioned, in the second quarter, we announced the signature of two agreements that added three innovative products to our portfolio. First, we entered into an exclusive license distribution and supply agreement with Helsinn for Akynzeo for Canada, Brazil, and other LatAm countries, and Aloxi for Canada. Both products are highly synergistic with our oncology portfolio and commercial footprint in Canada, Brazil, and the remaining countries. In July, we assumed commercial activities in Brazil and Argentina for Akynzeo, and we will begin commercial activities in Canada following a transition from Helsinn's current partner. We also entered into an exclusive license and supply agreement with Rigel for the exclusive rights to commercialize fostamatinib in Latin America. Fostamatinib is commercially available in the United States under the brand name Tavalisse and in Europe under the brand name Tavlesse for the treatment of chronic immune thrombocytopenia. Both of these deals are highly synergistic with our oncology and hematology portfolio and further validate our strategy to in-license innovative products. We will continue to focus on leveraging our pan-American ex-U.S. footprint to build our portfolio along our three-pronged growth strategy, which includes acquiring products or companies with existing sales and licensing innovative pipeline assets and developing and licensing branded generic products. I will now turn the call back to Samira for concluding remarks. Thank you, Amal. Looking ahead, we remain committed to building a leading pan-American ex-U.S. specialty pharmaceutical company. We have over CAD 136 million in cash equivalents and marketable securities, and we generate cash from operations, which positions us well to continue to execute on our strategy. Thank you for your support and confidence in the Knight team. This concludes our formal remarks. I'd like to now open up the call for questions. Joe. Thank you. Before we begin the Q&A, may I please remind everyone that questions during today's call will be taken from analysts only. Should there be further questions, please contact Knight's Investor Relations department via email to info@knighttx.com or via phone at 514-484-4483. If you would like to ask a question, please press star followed by the number one on your telephone keypad. If you're using a speakerphone, please lift your handset before pressing any key. If you would like to withdraw your question for any reason, please press star, then two. We will pause momentarily to assemble our roster. Our first question will come from Andre Uddin with Mackie Research. Please go ahead. Morning, everyone. Here's a bit of a curveball for you. In 2016, there were some rumors that Knight was trying to buy Paladin from Endo. Given that Endo is likely gonna file for Chapter 11, can you comment if Knight will take another look at this opportunity? Thanks. Hi, Andre. What I can tell you is when it comes to looking for M&A and acquisitions, we've always prioritized Canada. This is nothing new. We've prioritized Canada, we've prioritized Mexico. These are two markets where our operations, I'm gonna say, are suboptimal. That doesn't mean that we wouldn't look at markets like Colombia or Brazil. When it comes to Paladin and Endo, what I can tell you is the issues that the bankruptcy is a $8 billion Chapter 11. Paladin is not worth anywhere near that. We would obviously look at such an acquisition, but we will be opportunistic. If it makes sense, we will get it done. I don't know the timing. You have to remember, Chapter 11 in the U.S. takes a really long time. We don't know if they'll be filing for bankruptcy in Canada. Very complicated. If there's an opportunity, we would look at it. Otherwise, we'll just wait it out, and we'll continue to build our business in-license acquire as we see fit. That's a great answer. Just in terms of, could you also just comment a little bit in terms of the color and what you're seeing in business development in terms of prices? Are prices going up, down, and are you seeing more opportunities? Can you comment a little bit more on that? That'd be great. Thanks. Amal, you'll take that one. Sure. Yeah. I mean, deal flow wise, we continue to see a lot of deal flow prices and valuations. We really haven't seen anything dramatic. You have seen kind of on the macro industry side, you're seeing M&A pick up, and that's really. There's a lot of opportunities kind of for some of the big pharma who are quite cash rich. For us, really, the deal flow continues to be healthy, but nothing dramatic in terms of change of prices or valuations. Okay. Thanks. Thanks very much. With no further questions, we will conclude our question and answer session. I would like to turn the conference back over to Samira Sakhia for any closing remarks. Thanks, Joe. Thank you for the confidence in the Knight management team and for joining our Q2 2022 conference call. Actually, I think we have some more questions coming up. Maybe, Joe, you wanna take those. Absolutely. Sorry. Just give us a moment to assemble our roster. Okay. All righty. Thank you for your patience. Our next question will come from Endri Leno with National Bank. Please go ahead. Thank you for taking my question. Congrats on the good quarter. Apologies if I repeat something you said. I just jumped on the call. I had, like, three at the same time. Or if this was in the prepared remarks. The first question I wanted to ask is that there was a 4.5 lift from Exelon in revenues, which could potentially be classified as one-time. The question I have there is, should we apply any margin to that as far as it goes to EBITDA, or is it just a direct flow-through? The thing that I can tell you is, as we've said before, when it comes to Exelon, we're recording net profit transfer. That drops straight to the gross margin and EBITDA. What we've also said is that that CAD 4.5, yes, it's a little bit one time because there's a shift in buying patterns and a shift between quarters, but about half of that is loading into the channel in advance in Brazil in advance of taking over logistics and commercial activities in Brazil. That's actually going to have an impact in Q3. Thank you, Samira. Is that part of the reason why you are keeping guidance unchanged for the balance of the year? I didn't see it in the press release anyways, or Yeah. That's part of it. That's one part of it. The second one, just as a reminder, is, and we announced this in Q4, is that we were transitioning and terminating our agreement with Gilead when it comes to the Andean HIV HCV portfolio, and that shows up as an impact in the back half of the year because that ended as of the middle of the year. Okay. That's good to hear. Thank you. The other question I have, we've seen some reports of some drug shortages in Brazil, especially in hospitals. Can you talk a little bit? Is there any impact on Knight, either way, they're positive or negative or any color you can give us? Not really. I think there was a little bit of gain. Like, we had a little bit of a delay. One of our competitors had a little bit of a delay, offset each other. We haven't really seen anything major when it came to our products. Okay. Great. Thank you. Since we are in Brazil, but I guess a little bit about Colombia. They just had an election. Brazil will have an election soon. Chile did too. Any color? I mean, what are the expectations that you expect from kind of any of these candidates? Any changes you can highlight that could come to Knight's business in those countries? Peru and Chile went to the left end last year or earlier this year. In the case of Colombia, the inauguration was just last weekend. We expect a change in Brazil. The macro concerns that we've always had kind of during COVID, post-COVID is the payers, and as these economies try to recover from COVID to manage their budgets and how that impacts what they will pay for pharmaceuticals and the pricing and reimbursement pressures that we may see going forward. As these government changes, we're gonna continue to monitor. That's one of the other reasons why we have kind of this blended portfolio of innovative assets as well as branded generics that we can try and bundle and have savings for the payers. That's okay. Thank you. Thanks for the color. The last one for me in terms of the ERP systems, I mean, are they still on track to complete by the end of the year? Arvind, do you want to take that? Yes, sure. Yeah, we're on track. We've been progressing according to our timelines. We've actually already implemented in eight different countries and over 20 entities as of today. By year-end, we should be going live in all countries, excluding Argentina. Okay. That leads me to a bit of a follow-up for Argentina. Why are you leaving Argentina out, and do you need to implement something specific, in that country, or is it good as it is? It's the for Argentina, it's with respect to the nature of the business. If you can recall, we have our manufacturing facilities in Argentina and the whole ERP implementation with the manufacturing activities is a whole different project in itself. That's why it's gonna be a project for next year. Okay. That's it for me. Thank you. Again, if you have a question, you may press star then one to join the queue. Our next question will come from Sahil Dhingra with RBC. Please go ahead. Hi, this is Sahil Dhingra for Doug Miehm. Thank you for taking the questions. My questions relate to on the infectious disease portfolio. Is that product portfolio stable now, given that you highlighted that there's a CAD 4.5 million-CAD 6 million impact because of the higher base of last year? Are you seeing any changes in the trends there, or is that stable? Related to that, on the oncology portfolio, previously it was highlighted that because of lifting of COVID restrictions, you're seeing increased demand of those products. Are they back to pre-pandemic levels, or is there still some room to grow? Thank you. Thank you, Sahil. On the infectious disease side, as I mentioned earlier, one of the things that's gonna be happening in the back half of the year is, we will see a drop in connection to the Gilead portfolio, which we've terminated the agreement. We may do some small distribution, but that's really not gonna be material to the numbers anymore. As far as COVID in that portfolio, we really see minimal sales related to COVID. There are pockets, and I think in Q1 it was about CAD 1 million-ish. In Q2 it was about CAD 1 million-ish, where it was several million dollars last year. When it comes to markets going back to normal, most of our markets in Latam are really back to normal and patients are going to. Doctors are seeing our reps and patients are seeing their doctors. We expect to see continued growth in our oncology portfolio behind that, not just in Latam, but also in Canada. The thing that I will mention is that Canada has been a lag when it comes to patients seeing, doctors seeing their patients on a face-to-face basis, but we see that ramping up a little bit over the summer, but there's still more to go there. Okay. Thank you. Are you seeing any early signs of COVID in Latin America? Well, most of our bigger countries have just gone, like, through summer. Brazil, Argentina, Chile, Uruguay, Peru, they're in winter right now. Just like we're in summer, they're in winter. This is hopefully that's the worst that they've seen, and they're going into their summer months, which hopefully bodes well for a country like Canada 'cause they've gone into winter and they had very minimal shutdowns or closures. Okay. Thank you. Those were all the questions from my end. Our next question is a follow-up from Endri Leno with National Bank. Please go ahead. Thank you. Yeah, just a quick follow-up. I just wanted to mention, on the last call, it was discussed how the sales reps were about to go in the field and we're gonna see a bit more kind of higher expenses this quarter. I was wondering, is the sales force back on the field right now and kind of fully operational? And just to kind of tie back, I mean, is this a cost structure that you have in Q2, I mean, barring any kind of increases for growth, but is this a good kind of cost basis for going forward what you have in Q2? Yeah, I'll take that question and maybe I'll pass it back to Samira for further comments. Andre, thank you for it. So it is very much business as usual. I think Samira mentioned that things are a little slower in Canada, so I think we're slowly building back to normalcy in Canada. For Latam, yes, it has been business as usual, reps in the field. I will say though that we expect expenses will rise with some of our target investment on Exelon, as we commercialize in some of those countries in the back half of this year. Samira, anything to add? Sure. Endri, there's a couple things when it comes to spend. Spend will rise a bit because more activities will happen during Q3, hopefully a little bit more, especially because we are launching a sales force behind Exelon in Brazil. We had a focus team in the front half. As we take on logistics, we're gonna expand that team. Okay. Thank you. With no remaining questions, we will conclude our question and answer session. I'd like to turn the conference back over to Samira Sakhia for any closing remarks. Thanks again, Joe. Thank you for your confidence in the Knight team and for joining our Q2 2022 conference call. Have a great morning. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect your lines.