Nkarta signs SPL to accelerate its NK cell therapies
Lighthouse | 4 November 2021
Trinity Delta view: MaxCyte’s proven expertise is increasingly at the heart of the new generation of gene-edited and cell therapies, which effectively makes MaxCyte a unique and diversified play on the whole cell engineering field, providing broad exposure across cell types, technologies, indications, and approaches. Its growing and diverse portfolio of SPLs covers a variety of modalities with many of the leading and emerging players in the development of cell and gene therapies, and management have indicated that its pipeline of SPL opportunities is the strongest and most diverse to date. Pipeline visibility at MaxCyte’s SPL partners is improving and, in our view, will be a major determinant of its share price progression. SPL-derived revenues should come to the fore in the medium term as progress across its SPL stable contributes to build a meaningful pre-commercial milestone stack. We intend to revisit our forecasts and valuation following Q321 results on November 10.
4 November 2021
|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. Key programmes with several clients are gaining greater visibility and approaching material value-inflections points. These will trigger a stream of milestone fees.
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