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Maxcyte - 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.

Overview of MaxCyte (MXCT)

MaxCyte, Inc. is a pioneering commercial cell engineering company that plays a critical role in advancing the development of next-generation cell-based therapies. The company specializes in providing enabling platform technologies that support the discovery, development, and commercialization of innovative therapeutic solutions. MaxCyte’s proprietary Flow Electroporation® technology and its ExPERT™ platform are at the heart of its operations, offering unparalleled precision, scalability, and efficiency in the engineering of a wide variety of cell types. These technologies are designed to meet the rigorous demands of the rapidly expanding cell and gene therapy market.

Core Business Model

MaxCyte generates revenue through a diversified business model that includes the sale and licensing of its proprietary instruments, as well as the supply of single-use disposable processing assemblies. The company’s ExPERT™ platform, which includes a suite of instruments (ATx™, STx™, GTx™, and VLx™), is complemented by software protocols and a robust intellectual property portfolio. This combination enables MaxCyte to serve a broad spectrum of applications, from early-stage research to clinical development and commercialization of cell-based therapies.

Industry Context and Market Position

Operating within the high-growth cell and gene therapy sector, MaxCyte addresses critical challenges in cell engineering, such as achieving high transfection efficiency, maintaining cell viability, and ensuring seamless scalability. The company’s platforms are integral to the workflows of biopharmaceutical companies, academic institutions, and research organizations. MaxCyte has established over 25 clinical and commercial partnerships, underscoring its significance as a trusted partner in the industry. These collaborations often include licensing agreements that provide recurring revenue streams through milestone payments and sales-based royalties.

Technology and Differentiation

The cornerstone of MaxCyte’s technological offering is its clinically validated Flow Electroporation® technology, which enables the non-viral delivery of molecules into cells with high efficiency and minimal toxicity. This technology is particularly valuable for applications in CAR-T cell therapies, gene editing, and other cutting-edge therapeutic modalities. The ExPERT™ platform further differentiates MaxCyte by offering a scalable solution that can be seamlessly integrated across various stages of therapeutic development, from discovery to commercialization.

Value Proposition

MaxCyte’s value proposition lies in its ability to empower its partners to overcome complex cell engineering challenges. By providing not only advanced technology but also comprehensive scientific, technical, and regulatory support, MaxCyte enables its clients to accelerate the development of transformative therapies. This holistic approach positions the company as a critical enabler in the cell and gene therapy ecosystem, helping to unlock the full potential of cell-based medicines to address unmet medical needs.

Competitive Landscape

In a competitive market that includes other providers of cell engineering and gene therapy technologies, MaxCyte distinguishes itself through its proven track record, robust intellectual property portfolio, and the versatility of its platforms. Its ability to support both ex vivo and in vivo applications further enhances its appeal to a diverse range of clients. The company’s focus on enabling high-performance, scalable, and safe cell engineering solutions ensures its relevance in a rapidly evolving industry.

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MaxCyte, Inc. partners with Be Biopharma to utilize Flow Electroporation® technology and ExPERT™ platform for Engineered B Cell Medicines programs. This strategic platform license agreement aims to advance the development of therapies for genetic diseases and cancer.
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MaxCyte, Inc. announces fourth quarter and full year 2023 financial results with total revenue of $15.7 million in Q4, an increase of 26% over Q4 2022. Core business revenue declined by 32% in Q4. SPL Program-related revenue saw a significant increase of 359% in Q4. Full year 2023 total revenue was $41.3 million, a decline of 7% over 2022. The company ended the year with $211.2 million in cash, cash equivalents, and investments. Management reiterated 2024 revenue guidance with expectations of flat to 5% growth in core business revenue and SPL Program-related revenue of approximately $3 million.
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MaxCyte, Inc. provided revenue guidance for 2024, reaffirming 2023 preliminary results. Total revenue for 2023 expected to be $41.1-41.3 million, down from $44.3 million in 2022. Core revenue to be $29.6-29.8 million. SPL Program-related revenue to be $11.4 million. Cash, cash equivalents, and investments expected to be $210 million by Dec 31, 2023. 2024 guidance includes flat to 5% growth in core revenue and $3 million in SPL Program-related revenue. Management anticipates ending 2024 with $175 million in cash. MaxCyte signed three SPLs in 2024 to support cell and gene therapy clients. The company will present at the Cowen Healthcare Conference and release Q4 earnings on March 12, 2024.
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MaxCyte, Inc. announces the release of financial results for Q4 and full year 2023, along with upcoming investor conferences. The company focuses on cell-engineering technologies for cell therapeutics and bioprocessing applications.
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MaxCyte, Inc. and Wugen, Inc. have signed a strategic platform license agreement, allowing Wugen to use MaxCyte's Flow Electroporation® technology and ExPERT™ platform for its programs targeting hematologic and solid tumor cancers. Wugen will gain non-exclusive clinical and commercial rights in exchange for annual license fees and program-related revenue. Wugen is developing off-the-shelf memory natural killer (NK) and CAR-T cell therapies for cancer, with its lead program, WU-CART-007, currently in a global Phase 1/2 clinical trial for the treatment of relapsed or refractory T-cell acute lymphoblastic leukemia/lymphoblastic lymphoma. MaxCyte's ExPERT™ platform is expected to support efficient and seamless expansion to large-scale manufacturing for Wugen's therapies, ultimately impacting patients' lives. This marks MaxCyte's 26th clinical/commercial partnership, generating pre-commercial milestone revenue and sales-based payments.
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MaxCyte, Inc. and Imugene announce a strategic platform license agreement for the use of MaxCyte's Flow Electroporation® technology and ExPERT™ platform to support azer-cel, a potential first-in-class allogeneic CD19 CAR T product candidate for the treatment of blood cancer, along with additional novel cell therapy programs. Imugene is rapidly moving towards a potential Phase 2 registrational trial for azer-cel in cancer, leveraging MaxCyte's scalable cell-engineering process and optimized clinical manufacturing workflow.
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MaxCyte, a leading cell-engineering focused company providing enabling platform technologies, reported preliminary unaudited fourth quarter and full year 2023 results. Total revenue for the fourth quarter of 2023 is expected to be between $15.5 million and $15.7 million, compared to $12.4 million in the fourth quarter of 2022. Total revenue for the fiscal year of 2023 is expected to be between $41.1 and $41.3 million, compared to $44.3 million for fiscal year 2022. MaxCyte's total cash, cash equivalents, and investments as of December 31, 2023, is expected to be approximately $210 million.
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MaxCyte, Inc. (MXCT) partners with Lion TCR to develop and scale TCR-T cell therapies for solid tumors and viral-related diseases, expanding MaxCyte's presence in Asia with anticipated expansion into the US and European markets.
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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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FAQ

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

The current stock price of Maxcyte (MXCT) is $3.41 as of March 3, 2025.

What is the market cap of Maxcyte (MXCT)?

The market cap of Maxcyte (MXCT) is approximately 358.1M.

What does MaxCyte do?

MaxCyte provides enabling platform technologies for cell engineering, supporting the discovery, development, and commercialization of cell-based therapies.

How does MaxCyte generate revenue?

The company earns revenue through the sale and licensing of proprietary instruments and single-use disposable processing assemblies.

What is Flow Electroporation® technology?

Flow Electroporation® is MaxCyte’s proprietary, clinically validated technology for delivering molecules into cells with high efficiency and minimal toxicity.

Who are MaxCyte's clients?

MaxCyte serves biopharmaceutical companies, academic institutions, and research organizations involved in cell and gene therapy development.

What is the ExPERT™ platform?

The ExPERT™ platform is MaxCyte’s advanced suite of instruments, software, and disposables designed for scalable and efficient cell engineering.

What industries does MaxCyte operate in?

MaxCyte operates in the biotechnology and cell and gene therapy sectors, focusing on enabling next-generation therapeutic development.

How does MaxCyte differentiate itself from competitors?

MaxCyte stands out through its clinically validated technology, robust IP portfolio, and comprehensive support for partners across the therapy development lifecycle.

What are some applications of MaxCyte's technology?

Applications include CAR-T cell therapies, gene editing, and the development of next-generation cell-based medicines.

What is the significance of MaxCyte’s clinical partnerships?

These partnerships generate recurring revenue through licensing fees, milestone payments, and sales-based royalties, highlighting MaxCyte’s integral role in therapeutic development.

What challenges does MaxCyte address in cell engineering?

MaxCyte’s platforms address challenges like achieving high transfection efficiency, maintaining cell viability, and ensuring scalability in therapeutic development.
Maxcyte

Nasdaq:MXCT

MXCT Rankings

MXCT Stock Data

358.11M
98.74M
1.49%
70.49%
2.85%
Medical Devices
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