Trinity Delta view: MaxCyte is clearly consolidating and expanding its position as the leading partner for non-viral cell transfection, a key enabling technology, in the rapidly growing fields of gene editing and cell therapy. These new therapies are truly transformative, and MaxCyte’s flow electroporation platforms lie at the heart of most of these next-generation treatments. The FY19 results confirm our view that MaxCyte is well placed to benefit from the clinical advances being achieved, with the magnitude of the opportunities set to become increasingly visible over the next 18 months. We aim to update our forecasts and valuation to reflect these results as soon as practicable. For context, our prior valuation was £195m, or 341p/share, with the core business excluding CARMA worth £111m.
Lighthouse
21 April 2020
| Price | 135.0p |
| Market Cap | £77.5m |
| Primary exchange | AIM London |
| Sector | Healthcare |
| Company Code | MXCT MXCS |
| Corporate client | Yes |
Company description
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.
Analysts
Lala Gregorek
lgregorek@trinitydelta.org
+44 (0) 20 3637 5043
Franc Gregori
fgregori@trinitydelta.org
+44 (0) 20 3637 5041
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