MagForce (MF6)

Business description

MagForce is a German medtech firm with a European approved nanotechnology to treat brain cancers. NanoTherm therapy involves injecting NanoTherm particles with a magnetic core into the tumour.

Share price chart

Share chart

Stock data

Market cap.€47.7m
Last close€5.08
High / Low (52 weeks)€6.2 / €4.0
Stock market listingDE
Forecast net cash (€m)12.7
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual1.2(5.1)20.8
Relative *(4.5)(2.7)8.0

* % Relative to local index

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Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2012A 0.0 (4.6) (5.7) N/A N/A N/A
2013A 0.0 (6.6) (6.7) N/A N/A N/A
2014E 0.4 (7.5) (7.5) N/A N/A N/A
2015E 3.6 (7.6) (7.7) N/A N/A N/A

Last updated on 09/09/2014

Investment summary

Progress made in the US and clarity around the regulatory requirements for NanoTherm therapy in both GBM and prostate cancer have led to a reduction in our risk-adjustment in this region. Together with incorporation of the US subsidiary and the $15m fundraise, our valuation has thus increased to €236m. With the post-marketing GBM study underway in Europe, MagForce continues to advance towards its goal of driving uptake and acceptance of its NanoTherm nanoparticle-based therapy for cancer.

Last updated on 09/09/2014

Industry outlook

MagForce’s NanoTherm therapy has been designed to directly affect tumours from within, while sparing surrounding healthy tissue. Nanoparticles are injected into a tumour and heated by an external magnetic field. This can destroy or sensitise the tumour for additional treatment.

Last updated on 01/09/2014

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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