Capital raised to advance CARMA primarily
Lighthouse | 6 February 2019
Trinity Delta view: The company delivered a strong period of growth, signed new commercial licensing deals and treated the first patient with a CARMA therapy (MCY-M11) in H218 (as detailed in our update note on 15 January 2019). But, it should be remembered that despite the promising results achieved with cell therapies to date, the field is still very young and dynamic, and it is important that MaxCyte sustains an appropriate level of investment to maintain its leading position as a partner of choice for cell therapy companies and to compete in the field of CAR therapies; the additional capital will allow MaxCyte to do so.
We currently value the company at 358p per share, and will shortly review our valuation to take into account the capital raise
6 February 2019
|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.
Mick Cooper PhD
+44 (0) 20 3637 5042
+44 (0) 20 3637 5043
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