Maxcyte (DI) (MXCT)

  • Change Today:
  • 52 Week High: 239.00
  • 52 Week Low: 115.00
  • Currency: UK Pounds
  • Shares Issued: 51.36m
  • Volume: 505
  • Market Cap: £62.66m
  • Beta: 0.02

MaxCyte buddies-up with Gilead subsidiary

By Duncan Ferris

Date: Monday 12 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Cell-based medicines and life sciences company MaxCyte confirmed on Monday that it has entered into a research agreement with Kite, a subsidiary of American biotechnology giant Gilead.
The agreement between the two parties will see Kite gain access to MaxCyte's flow electroporation technology platform, which can transfect any cell type using a single, chemically-defined electroporation buffer, to enable non-viral cell engineering.

The London-listed company's strategy is to provide the technology to partners in order to advance the development of cutting-edge medicines, particularly in cell therapy, including the use of gene editing tools in the treatment of inherited genetic diseases and immuno-oncology approaches to treating cancer.

Kite, meanwhile, is a biopharmaceutical company engaged in the development of cancer immunotherapies with a goal of providing rapid, long-term, durable response and eliminating the burden of chronic care.

Doug Doerfler, president and chief executive of MaxCyte, said: "We're excited to provide Kite the ability to leverage our versatile cell engineering platform to enable gene-editing technologies for research and development of important new therapeutics. This agreement further underlines MaxCyte's position as a leader in non-viral cell engineering for cell therapies."

MaxCyte's shares were up 0.51% at 199.00p at 1255 GMT.

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Maxcyte (DI) Market Data

Currency UK Pounds
Share Price 122.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 239.00
52 Week Low 115.00
Volume 505
Shares Issued 51.36m
Market Cap £62.66m
Beta 0.02

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Maxcyte (DI) Dividends

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Trades for 23-Sep-2019

Time Volume / Share Price
10:15 505 @ 120.00p

Maxcyte (DI) Key Personnel

CEO Doug Doerfler
CFO Ron Holtz

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