MEDICUS PHARMA ANNOUNCES KOL ENDORSEMENT OF SKINJECT PHASE 2 RESULTS SHOWING 80% OVERALL RESPONSE RATE
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2026
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Source: moomoo
- Study Overview: Medius Pharma has reported on the validation of Phase 2 data for a skin injection treatment.
- Response Rate: The study indicates an overall response rate of 80% among participants.
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About MDCX
Medicus Pharma Ltd. is a biotech/life sciences company focused on accelerating the clinical development programs of novel and disruptive therapeutics assets. SkinJect Inc., a wholly owned subsidiary of the Company, is a development stage, life sciences company focused on commercializing novel, non-invasive treatment for basal cell skin cancer using a patented dissolvable microneedle patch to deliver a chemotherapeutic agent to eradicate tumors cells. It is conducting a randomized, controlled, double-blind, multicenter clinical study (SKNJCT-003) in the United States and Europe. It has also commenced a randomized, controlled, double-blind, multicenter clinical study (SKNJCT-004) in the UAE. Its subsidiary, Antev Limited, is a late clinical stage biotech company, developing Teverelix, a GnRH antagonist, as a first in market product for cardiovascular high-risk advanced prostate cancer patients and patients with first acute urinary retention relapse episodes due to enlarged prostate.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Financing Agreement Secured: Medicus Pharma has entered into a $22 million financing agreement with an institutional investor, gaining $12 million in immediate operating capital, which is expected to significantly enhance the company's financial flexibility and operational capacity.
- Funding Structure Details: The financing includes a secured promissory note of $12.86 million at an 8.75% interest rate and another secured note of $10 million at a 5% interest rate with no original issue discount, which will help reduce overall financing costs.
- Cash Flow Projections: The company's cash is projected to increase to $30 million, with an operational cash runway expected to exceed 24 months, providing ample funding support for clinical development and potential business initiatives.
- Debt Repayment Strategy: Proceeds from the financing will be allocated to repay $2.5 million of outstanding debt while also supporting clinical development and general corporate operations, a strategy that aims to improve the company's financial health and drive future growth.
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- Earnings Per Share Loss: Medicus Pharma reported a Q1 GAAP EPS of -$0.31, indicating ongoing challenges in profitability that may affect investor confidence moving forward.
- Cash Position Improvement: As of March 31, 2026, cash and cash equivalents stood at $6.4 million, up from $4.0 million in the same period of 2025, suggesting improved liquidity management within the company.
- Rising Operating Expenses: Operating expenses for Q1 reached $8.6 million, significantly higher than $5.1 million in Q1 2025, primarily driven by increases in general and administrative costs as well as R&D spending, which may pressure future profitability.
- Widening Net Loss: The company reported a net loss of $9.0 million for Q1, compared to a loss of $5.1 million in Q1 2025, reflecting ongoing financial strain and an increasingly competitive market environment.
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- Clinical Advancements: In Q1 2026, Medicus Pharma continued to advance its clinical development of SkinJect® and Teverelix®, with the Phase 2 SKNJCT-003 study showing positive dose-response and registrational-grade clearance rates in the 200-µg treatment cohort, which is expected to facilitate FDA engagement for potential registration pathways.
- Financial Position: The company secured approximately $10 million through market financing in Q1, with cash and cash equivalents reaching $6.4 million, despite rising operating expenses of $8.6 million and a net loss of $9 million, indicating ongoing financial pressure.
- Strategic Collaborations: Medicus continues its collaboration with the Gorlin Syndrome Alliance to provide compassionate access to SkinJect® for Gorlin syndrome patients, further expanding market opportunities and enhancing brand influence.
- Future Outlook: The company anticipates a catalyst-rich 2026, planning an FDA Phase 2 meeting to define registration pathways and evaluating collaboration opportunities with HelixNano, reflecting a positive outlook for future growth.
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- Clinical Trial Results: Medicus Pharma's expanded analysis from the SKNJCT-003 study shows that the 200µg D-MNA cohort achieved a clinical clearance rate of 64% at Day 57 among 69 participants, significantly outperforming the device control group's 29%, indicating a progressive enhancement in D-MNA's efficacy for treating nodular basal cell carcinoma.
- Safety Analysis: The study reported no drug-related serious adverse events, and D-MNA demonstrated a favorable safety profile, supporting its repeatable use in clinical applications and bolstering confidence for future FDA registration.
- Dose-Response Relationship: The expanded analysis revealed a clear dose-response relationship for D-MNA, with the 200µg cohort showing sustained improvements across clinical and histological endpoints, suggesting its potential to shift the treatment paradigm for BCC.
- Future Development Path: The CEO of Medicus Pharma stated that these results provide a robust clinical and regulatory foundation for the SKNJCT-003 program, which is expected to facilitate discussions with the FDA for registration, accelerating SkinJect's market entry process.
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- Policy Advocacy Meetings: Medicus Pharma's CEO Dr. Raza Bokhari and the leadership team engaged with senior lawmakers on Capitol Hill to advocate for Orphan Drug Designation and IND approval for SkinJect®, demonstrating the company's proactive involvement and influence in healthcare policy.
- Rare Disease Treatment Need: Patients with Gorlin Syndrome face lifelong recurrence of basal cell carcinomas, with current treatments heavily reliant on surgery and lacking FDA-approved non-surgical options; the development of SkinJect® aims to address this significant market gap and meet urgent patient needs.
- Clinical Development Strategy: The company is advancing a registrational development pathway for SkinJect®, focusing on generating decision-grade data to expedite development in high-burden patient populations, indicating its commitment to innovative therapies and recognition of market potential.
- Strategic Partnerships: Collaboration with the Gorlin Syndrome Alliance aims to provide compassionate access to SkinJect® for patients, further enhancing Medicus's influence in the rare disease space and showcasing its dedication to patient welfare.
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- Rich Program Content: Tonight's episode #746 of New to The Street will air on Bloomberg Television, reaching millions of households across the U.S., MENA, and Latin America, showcasing innovations and developments from various companies.
- Industry Leaders Speak: Dr. Jonathan C. Javitt, CEO of NRx Pharmaceuticals, discusses the company's innovative pipeline in critical care and neuropsychiatric treatments, emphasizing its leading position in the healthcare sector.
- Digital Transformation: Performance Golf, a leading digital golf instruction platform, is transforming how players improve their game worldwide, demonstrating the potential of technology in traditional sports.
- Diverse Sponsorships: The program is further supported by commercial sponsorships from Medicus Pharma, IGC Pharma, Roadzen, and Lantern Pharma, enhancing its influence in the healthcare, AI, and technology sectors.
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