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.€176.2m
Last close€6.69
High / Low (52 weeks)€9.1 / €4.1
Stock market listingDB
Forecast net debt (€m)1.2
Forecast gearing ratio (%)7
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(4.9)(10.9)52.8
Relative *(4.7)(12.5)33.5

* % Relative to local index

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Company news

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

Tue, 26 Apr 2016 06:22:30 GMT

MagForce AG Publishes Financial Results for the Year 2015 and Operative Highlights

Thu, 30 Jun 2016 21:00:00 GMT

MagForce AG Publishes its First Shareholder Letter 2016

Thu, 17 Mar 2016 07:30:00 GMT

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

Wed, 30 Sep 2015 20:15:00 GMT

MagForce AG Publishes Financial Results for the First Half of 2016 and ...

Fri, 30 Sep 2016 06:00:00 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) (17.73) N/A N/A
2016A 0.5 (6.6) (7.2) (27.81) N/A N/A
2017E 3.5 (3.8) (4.6) (17.41) N/A N/A
2018E 6.5 (4.3) (5.6) (21.13) N/A N/A

Last updated on 12/12/2017

Investment summary

MagForce is moving forward with its strategy to drive uptake and acceptance (in the US and Europe) of its NanoTherm nanoparticle-based therapy for cancer. In Germany, Magforce has six centres commercially capable (three utilised, c50 patients to date) of treating glioblastoma (GBM) patients. To accelerate uptake of NanoTherm treatment in Europe, we expect MagForce to look to expand from Germany into other countries (funded primarily by an up to €35m loan from the European Investment Bank). In the US, its subsidiary Magforce USA is in talks with the FDA to initiate a planned clinical trial in prostate cancer patients (potential launch in 2018). The company expects the trial to initiate in H217; data are expected 12 months later.

Last updated on 13/12/2017

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 13/12/2017

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