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.€130.7m
Last close€5.10
High / Low (52 weeks)€7.3 / €4.4
Stock market listingDE
Forecast net cash (€m)22.4
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(1.1)(7.1)13.3
Relative *(8.6)(21.4)(1.5)

* % 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) (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 18/12/2014

Investment summary

MagForce is aiming to accelerate uptake of its NanoTherm therapy, which should be facilitated by the recent €10m capital increase. NanoTherm is already approved in Europe for brain cancer and a post-marketing GBM study is underway. Three NanoActivators are installed in Germany, with further installations planned. In the US, NanoTherm therapy has been confirmed as a medical device helping to shape the future development strategy for both GBM and prostate cancer. MagForce plans to install a couple of NanoActivators in the US to be used as part of a planned prostate cancer trial, anticipated to start in 2015, in addition to expanding the ongoing European post-marketing GBM study to the US. A smaller NanoActivator is also being developed in parallel.

Last updated on 22/12/2014

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 22/12/2014

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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