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.€144m
Last close€5.61
High / Low (52 weeks)€7.3 / €4.6
Stock market listingDE
Forecast net cash (€m)13.4
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(8.1)(10.8)(17)
Relative *(1.5)1.8(23)

* % Relative to local index

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Company news

MagForce AG: MagForce USA, Inc. files Investigational Device Exemption for ...

Thu, 21 May 2015 05:15:00 GMT

MagForce AG Publishes Financial Year Results 2014 and Operative Highlights

Tue, 30 Jun 2015 17:03:45 GMT

BRIEF-Magforce AG says publishes financial year results 2014 and operative ...

Tue, 15 Apr 2014 06:11:15 GMT

MagForce AG Installs Fifth Nanoactivator(R) in Germany for the Treatment of ...

Mon, 27 Apr 2015 06:22:30 GMT

GBC Research Initiated Coverage on MagForce AG with 'Buy' Recommendation and ...

Wed, 20 May 2015 09:22:30 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2013A 0.0 (6.6) (6.7) (33.7) N/A N/A
2014A 0.0 (8.0) (7.9) (32.8) N/A N/A
2015E 3.6 (7.6) (7.5) (29.4) N/A N/A
2016E 6.8 (4.5) (4.6) (18.0) N/A N/A

Last updated on 17/07/2015

Investment summary

MagForce continues to drive forward its strategy to increase uptake of its NanoTherm nanotherapy for cancer. NanoTherm is already approved in Europe for brain cancer and a post-marketing glioblastoma (GBM) study is underway. The first commercial patients have been treated in Germany and further revenues are targeted in 2015. Five NanoActivators are now installed in Germany, with one more planned during Q315. In the US, where NanoTherm therapy has been confirmed as a medical device, MagForce recently filed an IDE for NanoTherm to treat prostate cancer, which could allow a pivotal clinical trial to start in H215, if approved and assuming a small number of NanoActivators are installed this year. Note: our financial forecasts have not been updated post publication of FY14 results.

Last updated on 03/08/2015

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 03/08/2015

Key management

Ben Lipps, Chairman & CEO
Christian von Volkmann, CFO

Company address

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