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.€157.6m
Last close€6.15
High / Low (52 weeks)€7.3 / €4.6
Stock market listingDE
Forecast net cash (€m)22.4
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual4.410.52.5
Relative *1.42.4(13.9)

* % 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 Announces that Cologne University Hospital has Initiated ...

Thu, 07 May 2015 06:33:45 GMT

MagForce AG Publishes its First Shareholder Letter 2015

Thu, 05 Feb 2015 11:15:00 GMT

MagForce AG Announces that Kiel University Hospital (UKSH) has Initiated ...

Fri, 27 Mar 2015 07:41:15 GMT

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

Mon, 27 Apr 2015 06:22:30 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2012A 0.0 (4.6) (5.7) (116.0) N/A N/A
2013A 0.0 (6.6) (6.7) (33.7) N/A N/A
2014E 0.4 (7.5) (7.4) (29.9) N/A N/A
2015E 3.6 (7.6) (7.5) (29.4) N/A N/A

Last updated on 09/04/2015

Investment summary

MagForce continues to deliver on its strategy to drive 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 now been treated in Germany and further revenues are targeted in 2015. Four NanoActivators are now installed in Germany, the most recent addition in Cologne, and further installations are planned in H115. In the US, NanoTherm therapy has been confirmed as a medical device and dialogue is ongoing with the FDA as part of the IDE process, helping to shape the future development strategy for both GBM and prostate cancer.

Last updated on 06/05/2015

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 06/05/2015

Key management

Ben Lipps, Chairman & CEO
Christian von Volkmann, CFO

Company address

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