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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.€128.7m
Last close€4.89
High / Low (52 weeks)€8.2 / €4.5
Stock market listingDB
Forecast net debt (€m)13.2
Forecast gearing ratio (%)209
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(10.2)(11)(31.7)
Relative *(7.7)(11.7)(31.1)

* % Relative to local index

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Company news

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2016A 0.5 (6.6) (7.2) (27.8) N/A N/A
2017A 0.7 (6.7) (7.5) (28.3) N/A N/A
2018E 2.9 (7.6) (8.8) (33.4) N/A N/A
2019E 7.1 (6.6) (7.9) (30.2) N/A N/A

Last updated on 04/07/2018

Investment summary

MagForce has announced the enrolment of the first patient in its pivotal clinical trial evaluating NanoTherm focal ablation therapy in the US for prostate cancer. The trial started as expected in Q218 and further patient recruitment is underway at the two clinical sites (CHRISTUS Santa Rosa and the University of Washington). Prostate cancer presents a significant market opportunity in the US (representing ~60% of our rNPV) and makes sense strategically as a first US indication.

Last updated on 04/07/2018

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 29/06/2018

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