tiprankstipranks
Trending News
More News >
Medexus Pharmaceuticals Inc (TSE:MDP)
TSX:MDP
Advertisement

Medexus Pharmaceuticals Inc (MDP) AI Stock Analysis

Compare
60 Followers

Top Page

TSE:MDP

Medexus Pharmaceuticals Inc

(TSX:MDP)

Rating:69Neutral
Price Target:
C$3.00
▲(9.89% Upside)
Medexus Pharmaceuticals shows strong financial performance and promising corporate developments, particularly with GRAFAPEX. However, technical indicators suggest caution, and valuation metrics are moderate. The company's ability to manage liabilities and operational efficiency will be crucial for future performance.
Positive Factors
Market Demand
Canadian unit demand for Trecondyv grew 70% and the drug holds a significant market share in pediatric and adult alloHSCT markets in Canada.
Product Launch
Positive signs are seen in the launch of Grafapex.
Regulatory Approval
U.S. FDA approves Treosulfan, marking a significant benefit to patients.
Negative Factors
Product Profitability
Management has decided to no longer sell Gleolan in the U.S. as the product was not profitable.
Regulatory Challenges
Medexus faces a negative Health Canada setback for Terbinafine.
Revenue Decline
Total revenues decreased 4.6% year-over-year, a decline expected due mainly to generic pressure on Rupall.

Medexus Pharmaceuticals Inc (MDP) vs. iShares MSCI Canada ETF (EWC)

Medexus Pharmaceuticals Inc Business Overview & Revenue Model

Company DescriptionMedexus Pharmaceuticals Inc. operates as a specialty pharmaceutical company in Canada and the United States. It focuses on the therapeutic areas comprising oncology, hematology, rheumatology, auto-immune diseases, and allergy. The company's primary products are Rasuvo and Metoject, a formulation of methotrexate designed to treat rheumatoid arthritis and other auto-immune diseases; IXINITY, an intravenous recombinant factor IX therapeutic for use in patients 12 years of age or older with Hemophilia B; and Rupall, a prescription allergy medication. Its products portfolio also includes Treosulfan, a bifunctional alkylating agent for allogeneic hematopoietic stem cell transplantation; Trispan, a triamcinolone hexacetonide injectable suspension; and Gleolan, an optical imaging agent indicates for patients with glioma symptoms. The company was formerly known as Pediapharm Inc. and changed its name to Medexus Pharmaceuticals Inc. in December 2018. Medexus Pharmaceuticals Inc. is based in Bolton, Canada.
How the Company Makes MoneyMedexus Pharmaceuticals Inc. generates revenue primarily through the sale of its pharmaceutical products. The company's revenue streams are derived from direct sales to healthcare providers, hospitals, and pharmacies in North America. Medexus's business model also includes strategic partnerships and licensing agreements that expand its product portfolio and market reach. These partnerships often involve collaborations with other pharmaceutical companies to co-promote or distribute products, thereby enhancing revenue potential. Additionally, Medexus may receive milestone and royalty payments from licensing arrangements, contributing to its overall earnings.

Medexus Pharmaceuticals Inc Earnings Call Summary

Earnings Call Date:Jun 25, 2025
(Q4-2025)
|
% Change Since: -18.51%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mixed sentiment. The successful launch and initial performance of GRAFAPEX, along with strong financial discipline and cash position, are significant positives. However, decreases in net revenue, negative net income for the quarter, and challenges like Rupall's generic competition present notable concerns. The focus on GRAFAPEX's strong launch suggests optimism, but is tempered by current declines in other areas.
Q4-2025 Updates
Positive Updates
Successful Launch of GRAFAPEX
Medexus achieved $0.6 million of product level revenue for GRAFAPEX in fiscal Q4 '25 and preliminary estimates indicate over $2.5 million in fiscal Q1 '26, showing strong initial market uptake.
Strong Financial Discipline
Record adjusted EBITDA of $20.2 million and record net income of $2.2 million for fiscal year '25, primarily due to ongoing financial discipline.
Positive Market Response to Treosulfan
Treosulfan's market exclusivity in Canada led to a 70% growth in unit demand over the trailing 12-month period ending March 31, 2025.
Cash Position Improvement
Cash on hand increased to $24 million at March 31, 2025, compared to $5.3 million at March 31, 2024, due to a public offering and strong operating cash flow.
Adjusted EBITDA Growth
Fiscal year '25 adjusted EBITDA of $20.2 million, up from $19.5 million in fiscal year '24.
Negative Updates
Decreased Net Revenue
Fiscal Q4 net revenue was $24.8 million, a decrease from $26 million for the same period last year.
Negative Net Income for Fiscal Q4
Net income of negative $0.6 million for fiscal Q4, a decrease from positive $0.8 million for the same period last year.
Impact of GRAFAPEX Investments
Fiscal Q4 '25 adjusted EBITDA decreased to $2.3 million from $4.4 million in the same period last year, primarily due to $2.7 million of GRAFAPEX personnel and infrastructure investments.
Rupall Faces Generic Competition
Rupall's market exclusivity expired in January '25, leading to the beginning of generic competition.
Slight Decline in IXINITY Demand
IXINITY unit demand in the United States increased by only 1% over the trailing 12-month period ending March 31, '25, with expectations for stable or slightly decreasing demand.
Company Guidance
During the Medexus Pharmaceuticals Fourth Quarter and Fiscal Year-End 2025 Conference Call, the company provided detailed financial guidance, emphasizing the successful commercialization of GRAFAPEX, the brand name for treosulfan, in the U.S. Medexus reported $0.6 million in product-level revenue for GRAFAPEX in fiscal Q4 '25 and over $2.5 million in fiscal Q1 '26, with expectations for it to be accretive to quarterly operating cash flows by fiscal Q4 '26. The company's fiscal Q4 net revenue was $24.8 million, down from $26 million the previous year, primarily due to $2.7 million in GRAFAPEX-related investments. Adjusted EBITDA for fiscal Q4 '25 was $2.3 million, a decrease from $4.4 million last year, but fiscal year '25 saw a record adjusted EBITDA of $20.2 million, up from $19.5 million in fiscal '24. The company also reported a net income of $2.2 million for fiscal year '25, a significant improvement from the negative $0.2 million in fiscal '24. Other product updates included a 70% growth in Trecondyv unit demand in Canada and a 1% increase for IXINITY in the U.S. Medexus outlined plans for GRAFAPEX's continued integration into healthcare facilities, with 34 of 180 transplant centers already ordering the product, and highlighted a strong market response with positive formulary inclusion from multiple commercial players.

Medexus Pharmaceuticals Inc Financial Statement Overview

Summary
Medexus Pharmaceuticals has demonstrated strong revenue growth and improved profitability despite some operational efficiency issues. The company's strengthened equity position and reduced leverage are positives, though high total liabilities remain a concern.
Income Statement
75
Positive
Medexus Pharmaceuticals has shown strong revenue growth over the years, particularly from 2022 to 2024, with a slight dip in 2025. The Gross and Net Profit Margins have improved significantly, suggesting better cost management and increased profitability. However, fluctuations in EBIT margins highlight some operational efficiency issues.
Balance Sheet
68
Positive
The company has strengthened its equity position over the years, with a substantial increase in stockholders' equity from 2022 to 2025. The Debt-to-Equity ratio has decreased, indicating reduced leverage. However, high total liabilities still pose a risk to financial stability.
Cash Flow
72
Positive
Operating cash flow has improved significantly, turning positive after periods of negative cash flow. The Free Cash Flow Growth Rate is robust, supporting financial flexibility. However, fluctuations in investing and financing cash flows suggest ongoing capital adjustments.
BreakdownMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue108.33M113.05M108.10M76.70M79.66M
Gross Profit56.58M59.51M60.04M37.93M42.01M
EBITDA16.81M19.28M16.14M15.16M-23.61M
Net Income2.25M-214.00K1.22M-2.88M-28.26M
Balance Sheet
Total Assets171.84M155.73M161.33M139.22M148.51M
Cash, Cash Equivalents and Short-Term Investments23.97M5.25M13.07M10.02M18.70M
Total Debt37.18M49.90M94.72M54.86M56.40M
Total Liabilities119.69M125.41M187.70M151.82M130.50M
Stockholders Equity52.14M30.32M22.45M17.79M18.02M
Cash Flow
Free Cash Flow21.31M18.45M-1.81M-8.89M-5.72M
Operating Cash Flow24.03M18.71M-1.44M-1.18M5.04M
Investing Cash Flow-6.00M-3.48M-1.72M-8.20M-11.70M
Financing Cash Flow796.00K-23.05M6.41M663.00K18.68M

Medexus Pharmaceuticals Inc Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.73
Price Trends
50DMA
2.95
Negative
100DMA
2.75
Negative
200DMA
2.89
Negative
Market Momentum
MACD
-0.06
Positive
RSI
44.20
Neutral
STOCH
38.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MDP, the sentiment is Negative. The current price of 2.73 is below the 20-day moving average (MA) of 2.81, below the 50-day MA of 2.95, and below the 200-day MA of 2.89, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 44.20 is Neutral, neither overbought nor oversold. The STOCH value of 38.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MDP.

Medexus Pharmaceuticals Inc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
C$131.35M16.7322.17%1.66%16.55%14.70%
69
Neutral
C$88.39M21.265.27%-1.14%
51
Neutral
$7.37B0.24-62.86%2.36%15.01%-2.64%
21
Underperform
C$663.17K43.02%129.21%26.79%
C$1.96M
47
Neutral
C$11.58M-8.79%-0.29%-53.83%
$184.17M20.294.76%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:MDP
Medexus Pharmaceuticals Inc
2.73
0.34
14.23%
TSE:AQS
Aequus Pharmaceuticals
0.01
-0.01
-50.00%
TSE:WIB
West Island Brands Inc
0.13
0.00
0.00%
TSE:MPH
Medicure
1.11
-0.04
-3.48%
TSE:RX
Biosyent
11.45
1.33
13.14%
OGI
OrganiGram Holdings
1.41
-0.06
-4.08%

Medexus Pharmaceuticals Inc Corporate Events

Business Operations and StrategyFinancial Disclosures
Medexus Pharmaceuticals Announces First Fiscal Quarter 2026 Conference Call
Neutral
Aug 5, 2025

Medexus Pharmaceuticals has scheduled a conference call on August 13, 2025, to discuss its first fiscal quarter results for the period ending June 30, 2025. The company will also participate in upcoming industry conferences, reflecting its active engagement in commercialization activities and maintaining its market presence.

The most recent analyst rating on (TSE:MDP) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Medexus Pharmaceuticals Inc stock, see the TSE:MDP Stock Forecast page.

Product-Related Announcements
Medexus Pharmaceuticals’ GRAFAPEX™ Receives NTAP Approval for 2026
Positive
Aug 5, 2025

Medexus Pharmaceuticals announced that GRAFAPEX™ (treosulfan) for Injection has received approval for New Technology Add-On Payment (NTAP) from the US Centers for Medicare & Medicaid Services for the fiscal year 2026. This approval marks a significant reimbursement milestone, allowing eligible procedures involving GRAFAPEX™ to receive additional reimbursement, thereby enhancing its accessibility to Medicare beneficiaries. Since its US commercial launch, GRAFAPEX™ has seen positive uptake, with several commercial payers and healthcare institutions including it in their formularies, indicating promising commercial potential.

The most recent analyst rating on (TSE:MDP) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Medexus Pharmaceuticals Inc stock, see the TSE:MDP Stock Forecast page.

Product-Related AnnouncementsFinancial Disclosures
Medexus Pharmaceuticals Reports Strong FY 2025 Results and Successful GRAFAPEX Launch
Positive
Jun 25, 2025

Medexus Pharmaceuticals reported strong fiscal year 2025 results, highlighted by the successful U.S. launch of GRAFAPEX (treosulfan) following FDA approval. Despite a slight decrease in overall revenue, the company achieved record net income and Adjusted EBITDA, driven by financial discipline and strategic investments. The launch of GRAFAPEX has shown promising initial market uptake, with positive formulary inclusion from major payers and healthcare institutions, indicating significant future revenue potential. Medexus expects GRAFAPEX to contribute positively to cash flows by fiscal Q4 2026, enhancing its market position in the rare disease treatment segment.

The most recent analyst rating on (TSE:MDP) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Medexus Pharmaceuticals Inc stock, see the TSE:MDP Stock Forecast page.

Financial Disclosures
Medexus Pharmaceuticals Announces Fiscal Year 2025 Financial Results Conference Call
Neutral
Jun 17, 2025

Medexus Pharmaceuticals has announced a conference call scheduled for June 26, 2025, to discuss its financial results for the fourth fiscal quarter and fiscal year ending March 31, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (TSE:MDP) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Medexus Pharmaceuticals Inc stock, see the TSE:MDP Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 07, 2025