Major milestone achieved, as first patient is treated with a CARMA product
Lighthouse | 10 October 2018
Trinity Delta view: The CARMA technology platform is key asset of MaxCyte, internally developed and wholly-owned. CARMA products clearly have significant manufacturing advantages over the currently approved CAR-T therapies, Novartis’ Kymriah and Gilead’s Yescarta. This trial will indicate whether CARMA products have the better safety profile, with manageable on-target/off-tumour effects (a significant issue for the development of CAR-T therapies in solid tumours), while still having the expected anti-tumour activity.
The initial data from the trial is expected in Q119, but a better indication of the potential of MCY-M11 will probably become apparent later in the year, once patients have received the higher doses.
Our valuation of MaxCyte is currently £166m or 327p/share, which we will review in light of the company’s progress.
10 October 2018
|Primary exchange||AIM London|
|Company Code||MXCT / MXCR|
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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