£25.1m ($31.0m) successully raised
Lighthouse | 5 May 2020
Trinity Delta view: MaxCyte is the clear leader in non-viral cell modification, with its proven flow electroporation platform being at the heart of the new generation of cell therapies. The additional funds will bolster sales and marketing efforts, production infrastructure, and development opportunities. The two new key investors bring valuable external validation of Maxcyte’s prospects and the strength of management’s strategy. We view the plan to seek a dual listing on NASDAQ positively, as this can be particularly helpful when striking major collaborative deals with fast-growing US companies. We aim to include this fund raise in our valuation as soon as practicable. For context, our prior valuation was £195m, or 341p/share, with the core business excluding CARMA worth £111m.
5 May 2020
|Primary exchange||AIM London|
MaxCyte uses its patented flow electroporation platform to transfect a wide array of cells. Revenues arise from sale and lease of equipment, disposables and licence fees; with an impressive client list. Additionally, a novel mRNA mediated CAR technology, known as CARMA, is being explored in various cancers, including solid tumours.
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