MagForce (MF6)

Business description

MagForce is a German medtech firm with a European approved nanotechnology to treat brain cancers. NanoTherm therapy involves injecting NanoTherm particles with a magnetic core into the tumour.

Share price chart

Share chart

Stock data

Market cap.€153.2m
Last close€6.405
High / Low (52 weeks)€6.8 / €2.5
Stock market listingDE
Forecast net cash (€m)3.3
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual20.89.4161.4
Relative *26.113.2133.0

* % Relative to local index

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Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2012A 0.0 (4.6) (5.7) (116.0) N/A N/A
2013A 0.0 (1.5) (1.6) (8.1) N/A N/A
2014E 1.6 (4.9) (5.6) (23.2) N/A N/A
2015E 3.6 (7.1) (8.2) (34.1) N/A N/A

Last updated on 31/07/2014

Investment summary

MagForce is aiming to accelerate uptake of its NanoTherm therapy, already approved in Europe for brain cancer. To increase physician acceptance and awareness of the therapy, MagForce has worked with a number of key opinion leaders to design a new glioblastoma study and the first patient was enrolled in March. Three NanoActivators are already in place, with additional installations planned in Germany; expansion across Europe is anticipated in the next few years. MagForce also intends to introduce NanoTherm therapy to the US, both in glioblastoma and prostate cancer, and could expand the current GBM study to this region; the FDA recently confirmed that NanoTherm will be designated as a medical device in the US.

Last updated on 05/08/2014

Industry outlook

MagForce’s NanoTherm therapy has been designed to directly affect tumours from within, while sparing surrounding healthy tissue. Nanoparticles are injected into a tumour and heated by an external magnetic field. This can destroy or sensitise the tumour for additional treatment.

Last updated on 05/08/2014

Key management

Ben Lipps, Chairman & CEO
Christian von Volkmann, CFO

Company address

Max-Planck-Strasse 3
12489
Berlin
Germany
+49 30 308 380 0
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