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.€182m
Last close€6.91
High / Low (52 weeks)€9.1 / €4.0
Stock market listingDB
Forecast net debt (€m)1.4
Forecast gearing ratio (%)9
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(11.3)17.543.4
Relative *(8.7)13.616.8

* % Relative to local index

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Company news

MagForce AG Publishes its First Shareholder Letter 2016

Thu, 17 Mar 2016 07:30:00 GMT

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

Thu, 30 Jun 2016 21:00:00 GMT

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 First Half of 2015 and ...

Wed, 30 Sep 2015 20:15:00 GMT

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

Thu, 21 May 2015 05:43:39 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) (4.1) (15.63) N/A N/A
2018E 6.5 (4.3) (4.6) (17.58) N/A N/A

Last updated on 13/07/2017

Investment summary

MagForce continues to execute the strategy originally proposed in late 2013. Domestic reimbursement discussions are ongoing within Germany but expansion in the rest of Europe remains the focus as MagForce looks to increase patient numbers. In the US, a second clinical treatment site has been established in Texas and the IDE approval process with the FDA continues. Post period the company has raised gross €13.4m through equity and debt to aid in the roll-out of devices across the broader EU.

Last updated on 13/07/2017

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 01/06/2017

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