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.€130m
Last close€5.07
High / Low (52 weeks)€7.0 / €4.9
Stock market listingDE
Forecast net cash (€m)13.4
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(6.9)(8.1)(17)
Relative *3.37.8(2.6)

* % 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 Results for the First Half of 2015 and ...

Wed, 30 Sep 2015 20:15:00 GMT

MagForce AG Publishes its First Shareholder Letter 2015

Thu, 05 Feb 2015 11:15:00 GMT

MagForce AG and MagForce USA, Inc. Announce FDA Pre-IDE Meeting on MagForce's ...

Tue, 27 Jan 2015 06:56:15 GMT

MagForce AG Announces that Cologne University Hospital has Initiated ...

Thu, 07 May 2015 06:33:45 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 14/12/2015

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. The first commercial patients have been treated in Germany and further revenues are targeted, with the focus now broadened to include primary brain cancers. Five NanoActivators are currently installed in Germany, with a sixth installation underway. In the US, the first NanoActivator has now been installed in readiness for the planned prostate cancer trial. An IDE for prostate cancer is currently under review and a decision is expected Q116. Note: Our financial forecasts have not been updated post publication of FY14 and H115 results.

Last updated on 05/01/2016

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 05/01/2016

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