MagForce (MF6)

Business description

MagForce has a European approved nanotechnology-based therapy to treat brain cancer. Nanoparticles are injected into the tumour and activated by an external magnetic field, producing heat and thermally destroying or sensitising the tumour.

Share price chart

Share chart

Stock data

Market cap.€138.1m
Last close€5.39
High / Low (52 weeks)€7.3 / €4.4
Stock market listingDE
Forecast net cash (€m)22.4
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(17.1)(23.5)14.8
Relative *(20.1)(23.6)7.4

* % Relative to local index

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Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2012A 0.0 (4.6) (5.7) (1.2) N/A N/A
2013A 0.0 (6.6) (6.7) (0.3) N/A N/A
2014E 0.4 (7.5) (7.4) (0.3) N/A N/A
2015E 3.6 (7.6) (7.5) (0.3) N/A N/A

Last updated on 02/12/2014

Investment summary

A €10m capital increase removes a potential funding requirement in 2015, allowing MagForce to focus on its strategy to drive uptake and acceptance of its NanoTherm nanoparticle-based therapy for cancer. In the US, MagForce has submitted a pre-submission filing for prostate cancer to the FDA as part of the process towards starting clinical trials in 2015 in this key region. In Europe, MagForce is on track to complete additional NanoActivator installations in Germany. Our rNPV is increased to €252m.

Last updated on 02/12/2014

Industry outlook

MagForce’s NanoTherm therapy has been designed to directly affect tumours from within, while sparing surrounding healthy tissue. Magnetic nanoparticles are directly injected into a tumour and are then heated in the presence of an external magnetic field generated by specialist equipment (NanoActivator). This can destroy or sensitise the tumour for additional treatment.

Last updated on 01/12/2014

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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