Medicus Pharma gains after cutting royalty payment to Teverelix
ReutersJan 22, 2026 1:03 PM
Shares of drug developer Medicus Pharma MDCX.O rise 12% to $1.49 premarket
Co says it has cut royalty payments on investigational prostate cancer drug teverelix to 2% from ~4% after amending its deal with UK research group LifeArc
Co's teverelix is being tested for advanced prostate cancer and recurring acute urinary retention, a condition where men suddenly cannot urinate
Co says early studies showed teverelix quickly lowers hormone levels key to prostate cancer treatment
MDCX plans mid‑stage testing before seeking commercial partners; also expects early‑2026 data for its SkinJect skin cancer patch, per co
Shares down ~37% in 2025
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