- Reports continued progress in the evaluation of assets for potential pipeline expansion in the areas of oncology and rare disease; transaction targeted for 2025 - TEL AVIV, Israel, Aug. 14, 2025 /PRNewswire/ -- BioLineRx Ltd. (NASDAQ: BLRX) (TASE: BLRX), a development stage biopharmaceutical company pursuing life-changing therapies in oncology and rare diseases, today reported its unaudited financial results for the quarter ended June 30, 2025, and provided a corporate update. "Since our last quarterly up ...

Core Viewpoint - Medicus Pharma Ltd. is acquiring Antev, a clinical-stage biotech company, to enhance its portfolio with Teverelix, a potential first-in-class therapy for cardiovascular high-risk prostate cancer patients and those experiencing acute urinary retention [1][3]. Group 1: Acquisition Details - Medicus will acquire all of Antev's issued shares in exchange for 2.67 million shares, representing approximately 19% of Medicus [2]. - Antev shareholders may receive up to $65 million in contingent consideration based on future FDA approvals [2]. - The transaction is expected to close before the end of June [2]. Group 2: Market Potential and Strategic Fit - Teverelix targets an estimated $2 billion addressable U.S. market for acute urinary retention, with no approved drugs currently available for recurrence [3]. - The acquisition aligns with Medicus' strategy, as it does not overlap with existing programs and could add significant value if Teverelix progresses smoothly into Phase 3 trials [4]. Group 3: Clinical Study Updates - Medicus announced a positive interim analysis for the SKNJCT-003 Phase 2 clinical study for treating basal cell carcinoma, showing over 60% complete clinical clearance among subjects [5]. - The investigational product D-MNA was well tolerated across both low and high-dose groups, with no dose-limiting toxicities or serious adverse events reported [5]. - The company plans to submit the interim analysis to the FDA as part of a package for a Type C meeting in Q2 2025 [6]. Group 4: Stock Performance - Following the news, MDCX stock increased by 15.8%, reaching $5.31 [6].