Second CRADA with the NIH to advance CRISPR therapies
Lighthouse | 11 June 2018
Trinity Delta view: The second CRADA deal with the NIH highlights MaxCyte’s leading position in the field of gene correction using CRISPR, and the importance of its flow electroporation technology for CRISPR therapies.
In the short term, it will have a limited impact on MaxCyte’s financial performance. However, this agreement will help to cement MaxCyte’s expertise in flow electroporation as being a key enabling technology for CRISPR therapies; this should increase mid-long term revenue opportunities as more companies buy licenses to use its instruments, and from the potential partnering of the SCD programme.
Our valuation of MaxCyte is £166m or 327p/share.
11 June 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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