** Shares of drug developer Medicus Pharma MDCX.O rise 12% to $1.49 premarket
** Co says it has cut royalty payments on investigational prostate cancer drug teverelix to 2% from ~4% after amending its deal with UK research group LifeArc
** Co's teverelix is being tested for advanced prostate cancer and recurring acute urinary retention, a condition where men suddenly cannot urinate
** Co says early studies showed teverelix quickly lowers hormone levels key to prostate cancer treatment
** MDCX plans mid‑stage testing before seeking commercial partners; also expects early‑2026 data for its SkinJect skin cancer patch, per co
** Shares down ~37% in 2025
(Reporting by Sahil Pandey in Bengaluru)
((Sahil.Pandey@thomsonreuters.com))