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MaxCyte - delivering growth, highlighting value

MaxCyte (LON:MXCT) delivered a consensus-beating 30% step up in 2019 (FY19) revenues, driven by sales of licences for its proprietary cell engineering platform and early clinical milestones from some of its eight clinical/commercial licences, reaching a five-year revenue compound annualised growth rate (CAGR) of 25%. With more than US$650mln in potential pre-commercial milestones payable from its eight clinical/commercial licences with cell therapy partners, recent advances in its partners’ development programmes are set to translate into further upside to core revenues from FY20. With its novel cell therapy platform CARMA now separated into a wholly-owned subsidiary, targeting self-sufficiency by 2021, and key data due from its lead asset mid-2020, there is increasing visibility on the value and prospects of both its technology and therapeutic divisions.

 

Quick facts: MaxCyte Inc

Price: 130 GBX

AIM:MXCT
Market: AIM
Market Cap: £74.61 m
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Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Maxcyte deal with Allogene Therapeutics 'a clear endorsement' of its technology

Proactive Research analyst Emma Ulker says MaxCyte’s (LON:MXCT) deal with clinical-stage industry leader Allogene Therapeutics (NASDAQ:ALLO) is a clear endorsement of the features of its Flow Electroporation technology. Described by Allogene as the ‘industry standard’, MXCT’s Flow...

1 week, 4 days ago

3 min read