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MaxCyte: Firing on all cylinders

MXCT made outstanding progress in H1 20 across the business and is set to report revenue growth of c 30% to $10.9mln ($8.4mln in H1 19). Trading reflected the solid progress made in MXCT’s cell therapy business, which is focused on driving adoption of its nonviral cell engineering technology Flow Electroporation across its ExPERT instrument platform. Since the start of the year, MXCT has signed three out of 11 clinical and commercial licences with leaders in the cell therapy space. The company’s wholly-owned therapeutic subsidiary, CARMA, is on target for achieving independent funding in 2020, and this can crystallise its value, given the strong appetite and interest in the broader regenerative medicine space which attracted $9.8bn of global financing in 2019.

 

Quick facts: MaxCyte Inc

Price: 630 GBX

AIM:MXCT
Market: AIM
Market Cap: £486.11 m
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MaxCyte Inc: Analyst talks expansion of its phase I clinical trial of MCY-M11

Proactive Research analyst Emma Ulker discusses the update this morning from MaxCyte Inc (LON:MXCT) on the expansion of its phase I clinical trial of MCY-M11 - its differentiated lead cell therapy candidate currently in first-in-human studies for advanced solid cancers. Ulker says the move is a...

on 18/8/20

4 min read