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MaxCyte, Inc. - MXCT STOCK NEWS

Welcome to our dedicated page for MaxCyte news (Ticker: MXCT), a resource for investors and traders seeking the latest updates and insights on MaxCyte stock.

MaxCyte, Inc. (NASDAQ: MXCT) is a pioneering commercial cell-engineering company dedicated to advancing cell-based research and next-generation cell therapeutic discovery, development, and commercialization. At the heart of MaxCyte’s offerings is their proprietary Flow Electroporation® platform, which seamlessly facilitates the intricate engineering of a diverse range of cells, making it indispensable for modern cell therapy advancements.

MaxCyte’s core business model revolves around the sale and licensing of their cutting-edge instruments and single-use disposable processing assemblies. The company’s ExPERT™ platform, a next-generation suite of electroporation technology, delivers unparalleled transfection efficiency, scalability, and functionality. This platform is pivotal in supporting the growing cell therapy market, catering to needs from the discovery phase through to full-scale commercialization.

Recent achievements highlight MaxCyte’s significant role in the industry. For instance, Imugene is leveraging MaxCyte’s technology to support its azer-cel CAR T product candidate, potentially a ground-breaking treatment for blood cancer. Meanwhile, Wugen and Be Biopharma also utilize MaxCyte’s platforms to drive forward their innovative cancer therapies and engineered B cell medicines, respectively. These collaborations not only underscore the efficacy and versatility of MaxCyte’s technology but also expand its footprint across various therapeutic areas.

Financially, MaxCyte benefits from a robust revenue model that includes platform licensing fees, annual license fees, and program-related revenue. Their diverse portfolio of partners and extensive clinical and commercial collaborations highlight the trust and reliance placed on MaxCyte's technologies within the biotech industry.

As a company, MaxCyte is unwavering in its commitment to cell engineering excellence. With over two decades of experience, the company has honed its expertise in building best-in-class platforms, perfecting transfection workflows, and pushing the boundaries of current processes to innovate future solutions. Their extensive intellectual property portfolio and comprehensive support services for partners underscore their aim to transform human health through cutting-edge cell engineering.

MaxCyte continues to be at the forefront of cell engineering innovations, partnering with leading biotech firms globally and providing the tools necessary to accelerate the development of life-saving therapies. For more information, visit maxcyte.com and follow MaxCyte on social media platforms like X (formerly Twitter) and LinkedIn.

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MaxCyte, Inc. (NASDAQ: MXCT; LSE: MXCT) appoints Maher Masoud as President and CEO, effective January 1, 2024, and discloses his stock options. The company focuses on cell-engineering technologies for cell therapeutics and bioprocessing applications.
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MaxCyte, Inc. (MXCT) announces the retirement of President and CEO Doug Doerfler, effective December 31, 2023, and the appointment of Maher Masoud as the new President and CEO, effective January 1, 2024. MaxCyte reiterates 2023 expected core business revenue of $28-30 million and expects to exceed prior SPL program-related guidance with revenue of at least $10 million.
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MaxCyte, Inc. (Nasdaq: MXCT; LSE: MXCT) has joined the Alliance for mRNA Medicines (AMM) as a founding member, aiming to advance and advocate for mRNA and next-generation encoding RNA therapeutics and vaccines. The company's versatile electroporation platform continues to provide scientific innovators with a powerful and flexible transfection method to accelerate the development of critical medicines and vaccines. MaxCyte remains committed to enabling the development of new applications for mRNA technology. The AMM, comprised of 31 founding members, will advocate for policies that encourage innovation and funding, define regulatory and reimbursement standards, support manufacturing, and promote access to mRNA medicines to patients by educating and engaging with governments, policymakers, regulators, and other stakeholders in North America, Europe, and Asia Pacific.
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MaxCyte, Inc. (MXCT) Announces Third Quarter 2023 Financial Results, Revenue Decline, and Full Year Guidance. Despite challenges, the company remains confident in the long-term potential of the cell and gene therapy market.
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MaxCyte, Inc. will participate in two upcoming investor conferences, including the Stifel 2023 Healthcare Conference Fireside Chat on November 15th and the Stephens Annual Investment Conference Fireside Chat on November 16th. The events will be webcasted live and archived on the MaxCyte investor relations website.
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MaxCyte, Inc. announces preliminary Q3 2023 revenue of $7.8-8.0 million, a decrease of 25-27% compared to Q3 2022. Core business revenue decreased by 33-35%. SPL Program-related revenue increased to $1.4 million. Full year revenue guidance updated to approximately $34-36 million. Core revenue expected to be $28-30 million. SPL Program-related revenue expected to be $6 million. CEO cites reduced customer activity and funding environment as reasons for decline. Company remains optimistic about long-term prospects.
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MaxCyte appoints Ali Soleymannezhad as EVP of Bioprocessing
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MaxCyte, Inc. to participate at Baird Global Healthcare Conference on September 13th.
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MaxCyte, Inc. announces Q2 2023 financial results. Total revenue of $9.0M, a decrease of 6% compared to Q2 2022. Core business revenue of $8.3M, a decrease of 14%. Five strategic partnerships signed year-to-date. Total cash, cash equivalents, and short-term investments of $216.1M as of June 30, 2023.
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MaxCyte, Inc. (Nasdaq: MXCT; LSE: MXCT) partners with Prime Medicine, Inc. to advance Prime Editing technology using Flow Electroporation® and ExPERT™ platform. Prime Medicine gains non-exclusive clinical and commercial rights, paying annual license fees and program-related revenue. MaxCyte's President and CEO, Doug Doerfler, expresses excitement for the partnership and Prime Medicine's innovative vision. Prime Medicine aims to develop one-time, potentially curative genetic therapies using their Prime Editing platform, while MaxCyte's ExPERT™ instrument portfolio provides the necessary cell engineering technology.
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FAQ

What is the current stock price of MaxCyte (MXCT)?

The current stock price of MaxCyte (MXCT) is $3.765 as of November 4, 2024.

What is the market cap of MaxCyte (MXCT)?

The market cap of MaxCyte (MXCT) is approximately 391.5M.

What does MaxCyte, Inc. specialize in?

MaxCyte specializes in commercial cell engineering, providing platform technologies to advance cell-based research and the development of next-generation cell therapeutics.

What is the ExPERT™ platform?

The ExPERT™ platform is MaxCyte’s next-generation electroporation technology, designed for complex and scalable cell engineering, offering high transfection efficiency and seamless scalability.

How does MaxCyte generate revenue?

MaxCyte generates revenue through the sale and licensing of their instruments and single-use disposable processing assemblies, along with annual license fees and program-related revenue.

What recent partnerships has MaxCyte formed?

Recent partnerships include Imugene for azer-cel CAR T product development, Wugen for NK and CAR-T cell therapies, and Be Biopharma for Engineered B Cell Medicines.

What are some key features of MaxCyte’s Flow Electroporation® technology?

MaxCyte’s Flow Electroporation® technology excels in transfection efficiency, scalability, and functionality, making it ideal for various therapeutic applications in the cell therapy market.

Where can I find more information about MaxCyte’s financial performance?

Detailed financial performance information can be found on the MaxCyte investor relations website at https://investors.maxcyte.com/.

What is the significance of MaxCyte’s partnership with Imugene?

The partnership with Imugene is significant as it involves the use of MaxCyte’s technology to develop azer-cel, a promising CAR T product candidate for blood cancer treatment.

How long has MaxCyte been in the cell engineering industry?

MaxCyte has over 20 years of experience in the cell engineering industry, continually innovating and perfecting their platform technologies and workflows.

What products are included in the ExPERT™ family?

The ExPERT™ family includes four instruments: ATx™, STx™, GTx™, and VLx™, along with proprietary processing assemblies, software protocols, and a robust intellectual property portfolio.

How does MaxCyte support its partners?

MaxCyte provides comprehensive support to its partners, including scientific, technical, and regulatory assistance, to help them advance their cell engineering projects and transform human health.

MaxCyte, Inc.

Nasdaq:MXCT

MXCT Rankings

MXCT Stock Data

391.46M
105.09M
1.5%
70.26%
3.34%
Medical Devices
Services-commercial Physical & Biological Research
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