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Maxim Group Reaffirms Buy on Medicus Pharma Ltd (MDCX) With $20 Target
Yahoo Finance· 2025-11-25 13:16
Core Insights - Medicus Pharma Ltd (NASDAQ:MDCX) is highlighted as a promising investment opportunity due to its innovative pipeline and strategic initiatives, particularly the SkinJect product aimed at treating basal cell carcinoma [1][2] Company Developments - Maxim Group analyst Jason McCarthy has maintained a Buy rating on Medicus Pharma Ltd with a price target of $20, driven by the company's strong clinical results and acquisition strategies [1] - The FDA-supported 505(b)(2) pathway for SkinJect has demonstrated a 60% complete response rate in Phase 2 trials for non-invasive basal cell carcinoma, significantly exceeding typical benchmarks [1] - Medicus Pharma submitted an FDA Commissioner's national priority voucher application for SkinJect, emphasizing its potential as a non-invasive treatment for basal cell carcinoma [2] Product Highlights - SkinJect offers a non-surgical, locally administered therapy for basal carcinoma, which is the most common cancer in the US, utilizing a biodegradable microneedle patch that eliminates the need for Mohs surgery [3] - The CNPV submission for SkinJect underscores its public health value and potential impact on patients with Gorlin syndrome, who often face numerous surgeries throughout their lives [4] Company Focus - Medicus Pharma is a biotechnology company dedicated to accelerating the clinical development of new therapeutic assets, particularly focusing on improving patient safety and efficacy in areas with unmet medical needs [5]