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Original-Research: MagForce AG - von GBC AG

Einstufung von GBC AG zu MagForce AG

Unternehmen: MagForce AG
ISIN: DE000A0HGQF5

Anlass der Studie: Research Comment
Empfehlung: BUY
Kursziel: 15.80 EUR
Letzte Ratingänderung: -
Analyst: Cosmin Filker, Matthias Greiffenberger

MagForce enrolls the first patient in its single-arm study in the USA -
Another important milestone for entering the attractive US market - Target
price of EUR 15.80 confirmed - Rating BUY
 
The company announced on the 02/07/2018 that it has enrolled the first
patient in its clinical evaluation with the Company's innovative NanoTherm
selective ablation. This represents an important milestone in the history
of the company and should make a significant contribution to the future
development of the US market.
 
The purpose of this registration study is to demonstrate that NanoTherm
therapy can focally ablate cancer lesions with minimal side effects for
patients who have progressed to intermediate risk prostate cancer stage.
The objective of the new cancer treatment is to establish itself as a
further pillar of cancer therapy alongside conventional treatment methods
such as surgery, radiation and chemotherapy.
 
The method is based on the insertion of a liquid containing
superparamagnetic, nano-sized iron oxide particles into the cancer cells.
Afterwards an alternating magnetic field is created, which  activates  the 
nanoparticles,  whereby  the  orientation  of  the  magnetic  field 
alternates around 100,000 times per second, resulting in the activation of
the nanoparticles and therefore heating the tissue of the injected tumour.
This results in the destruction  of  cancer  cells  directly  at  the 
NanoTherm  depots,  in  addition  to  the  hyperthermic effect in the
vicinity of the tumour.
 
An important milestone was the FDA's approval in February 2018 to conduct a
registration study for the approval for the treatment of prostate cancer in
the United States. The successful patent recruitment is now underway, with
the goal of enrolling up to 120 male patients in the single-arm study.
 
We expect the study to be completed in the second half of 2019 with
subsequent market approval at the end of 2019. Subsequently, MagForce could
tap into the high-volume US market, which should lead to significant
increases in sales.
 
The scheduled start of the study and the first enrollment speaks for itself
and we confirm our forecast and our price target of EUR 15.80 per share.
Based on the current share price, we confirm a BUY rating.

Die vollständige Analyse können Sie hier downloaden:
http://www.more-ir.de/d/16677.pdf

Kontakt für Rückfragen
Jörg Grunwald
Vorstand
GBC AG
Halderstraße 27
86150 Augsburg
0821 / 241133 0
research@gbc-ag.de
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Offenlegung möglicher Interessenskonflikte nach § 85 WpHG und Art. 20 MAR. Beim oben
analysierten Unternehmen ist folgender möglicher Interessenkonflikt gegeben: (5a,6a,11); Einen
Katalog möglicher Interessenkonflikte finden Sie unter: 
http://www.gbc-ag.de/de/Offenlegung.htm
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-------------------übermittelt durch die EQS Group AG.-------------------


Für den Inhalt der Mitteilung bzw. Research ist alleine der Herausgeber bzw. 
Ersteller der Studie verantwortlich. Diese Meldung ist keine Anlageberatung
oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.

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