Top cancer Advanced Therapy Company partnership
Lighthouse | 24 March 2020
Trinity Delta view: MaxCyte’s electroporation expertise continues to be in high demand. The range of deals highlights the versatility of its enabling technology and suggests that it is increasingly recognised as the industry standard for non-viral cell therapy modifications. In common with prior deals, there is significant financial upside for MaxCyte linked to Allogene’s clinical progress. MaxCyte has assembled a diversified portfolio of commercial partners, which are engineering various cell types in different ways to treat a wide variety of indications. Clearly the risks of failure with such cutting-edge programmes is relatively high, but, even conservatively assuming a high clinical attrition rate, a few successes would be transformative for MaxCyte. We value MaxCyte at £195m or 341p/share but this should rise as visibility increases.
24 March 2020
|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. Additionally, a novel mRNA mediated CAR technology, known as CARMA, is being explored in various cancers, including solid tumours.
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