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Medexus Pharmaceuticals Inc
TSX:MDP

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Medexus Pharmaceuticals Inc
TSX:MDP
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Price: 3.12 CAD 2.63% Market Closed
Market Cap: CA$101.2m

Medexus Pharmaceuticals Inc
Investor Relations

Medexus Pharmaceuticals, Inc. operates as a pharmaceutical company, which provides healthcare products to Healthcare Professionals and patients and focuses on therapeutic areas of auto-immune disease and pediatrics. The company is headquartered in Bolton, Ontario and currently employs 79 full-time employees. The company went IPO on 2012-03-03. The firm is a North American focused, specialty pharmaceutical business that operates through two divisions: Medexus Pharma Canada and Medexus Pharma USA. Medexus Pharma Canada, a fully integrated commercial infrastructure focused on rheumatology, allergy, auto-immune disease, specialty oncology and pediatric diseases in Canada. Medexus Pharma USA, a fully integrated commercial infrastructure focused on rheumatology and auto-immune diseases in the United States (U.S). The firm is focused on the therapeutic areas of auto-immune disease, hematology, pediatrics, dermatology and allergy. The firm's products are Rasuvo and Metoject, a formulation of methotrexate (auto-pen and pre-filled syringe) designed to treat rheumatoid arthritis and other auto-immune diseases. The company also offers IXINITY, a medicine for use in patients 12 years of age or older with Hemophilia B and Rupall, an allergy medication.

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Last Earnings Call
Fiscal Period
Q3 2026
Call Date
Feb 12, 2026
AI Summary
Q3 2026

GRAFAPEX Launch: Early commercial performance of GRAFAPEX exceeded prelaunch expectations, with strong January demand and increasing hospital formulary adoption.

Revenue: Q3 fiscal 2026 net revenue was $25.3 million, down from $30 million a year earlier, due mainly to reduced Rupall sales and the return of Gleolan.

Profitability: The company posted positive operating income and adjusted EBITDA for the third consecutive quarter since GRAFAPEX’s approval and launch.

Gross Margin: Gross margin improved to 53.6% from 50.7% last year, and management expects further gains as GRAFAPEX ramps up.

Cash Flow: Operating cash flow increased to $7.8 million for the quarter, and average quarterly cash flow since GRAFAPEX launch has been $4.3 million.

Guidance: GRAFAPEX is expected to generate $11–12 million in net revenue for fiscal 2026 and $3–4 million in Q4, with accretive cash flow starting in Q4.

Portfolio Dynamics: The base business is seen as stable, with GRAFAPEX growth expected to drive future performance.

Key Financials
Net Revenue
$25.3 million
GRAFAPEX Product Level Net Revenue (Q3)
$2 million
Adjusted EBITDA
$4.5 million
Operating Income
$1.7 million
Net Income
$0.1 million
Gross Profit
$13.6 million
Gross Margin
53.6%
Operating Cash Flow
$7.8 million
Cash on Hand
$15 million at December 31, 2025
Net Debt
$10.4 million
Selling, General and Administrative Expenses
$11.2 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Kenneth d'Entremont
CEO & Director
No Bio Available
Mr. Richard Labelle
Chief Operating Officer
No Bio Available
Mr. Ian C. Wildgoose Brown
General Counsel & Corporate Secretary
No Bio Available
Mr. Brendon Buschman
Chief Financial Officer
No Bio Available
Ms. Tina Byers CFA
Executive of Investor Relations
No Bio Available
Mr. Bill Poncy
Senior Vice President of Commercial Operations - United States
No Bio Available
Mr. Brian Peters
Vice President of Sales & Marketing - United States
No Bio Available

Contacts

Address
ONTARIO
Bolton
35 Nixon Road, Unit 1
Contacts
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