Editas deal marks sixth commercial licence
Update | 7 October 2019
MaxCyte has achieved another milestone, securing a sixth commercial licence for its Flow Electroporation technology with leading genome editing company Editas Medicine. This new non-exclusive clinical and commercial licence agreement allows Editas to use MaxCyte’s technology and its ExPERT instruments in the development and commercialisation of up to five therapies (sickle cell/beta thalassemia programme EDIT-301 and four immuno-oncology programmes). MaxCyte is eligible for development and approval milestones and sales-based payments in addition to other licensing fees, and revenue from consumables sales. The deal with Editas reinforces MaxCyte’s position as the key enabler for gene edited (including CRISPR-based) therapies, further increasing confidence in our £195m (341p/share) valuation.
|Year-end: December 31||2017||2018||2019E||2020E|
|Adj. PBT (US$m)||(9.9)||(8.9)||(16.6)||(16.2)|
|Net Income (US$m)||(9.9)||(8.9)||(16.6)||(16.2)|
7 October 2019
|Shares in issue||57.3m|
|12 month range||110.0-244.0p|
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 5041
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