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.

Stock data

Market cap.€141.7m
Last close€5.38
High / Low (52 weeks)€9.1 / €5.3
Stock market listingDB
Forecast net debt (€m)1.5
Forecast gearing ratio (%)11
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(9.1)(23)(9.7)
Relative *(14.1)(17)(13.5)

* % Relative to local index

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Company news

MagForce AG Receives FDA Investigational Device Exemption Approval to Conduct ...

Sat, 10 Feb 2018 09:45:00 GMT

At €5.4, Is MagForce AG (FRA:MF6) A Buy?

Thu, 19 Apr 2018 14:58:13 GMT

MagForce AG Publishes its First Shareholder Letter 2016

Thu, 17 Mar 2016 08:23:10 GMT

MagForce AG Publishes Financial Results for the First Half of 2015 and ...

Wed, 30 Sep 2015 20:15:00 GMT

MagForce AG Announces Initiation of Commercial NanoTherm(TM) Treatments for ...

Tue, 26 Apr 2016 07:15:31 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2015A 2.6 (4.4) (4.5) (0.18) N/A N/A
2016A 0.5 (6.6) (7.2) (0.28) N/A N/A
2017E 0.8 (6.2) (7.0) (0.26) N/A N/A
2018E 2.9 (7.6) (8.8) (0.33) N/A N/A

Last updated on 23/02/2018

Investment summary

MagForce has received IDE approval to start its first pivotal clinical trial evaluating NanoTherm focal ablation therapy for prostate cancer in the US. This is a major milestone for the company. Prostate cancer in the US presents a significant market opportunity (representing ~60% of our rNPV) and makes sense strategically as a first US indication. The start of this trial will broaden the geographic and therapeutic reach of NanoTherm therapy beyond Europe, where it is already approved for brain cancer. Our updated valuation is €302.6m.

Last updated on 23/02/2018

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 02/02/2018

Key management

Ben Lipps, Chairman & CEO
Christian von Volkmann, CFO
Barbara von Frankenberg, VP Communications & Investor Relations

Company address

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