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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

MaxCyte (MXCT) is a commercial cell engineering company that has established a strong reputation in the biopharma and cell therapy industries by harnessing its proprietary Flow Electroporation technology. This innovative platform facilitates high-efficiency cell transfection, enabling the complex engineering of a wide range of cell types. The company’s scalable and clinically validated systems support diverse applications from early-stage cell-based research to the commercialization of next-generation cell therapeutics.

Core Technology and Platforms

At the heart of MaxCyte’s operations is the Flow Electroporation technology, a sophisticated method designed to deliver genetic materials to cells with high precision. The technology minimizes cellular stress while maximizing transfection efficiency, which is crucial for both discovery research and clinical manufacturing. Complementing this is the ExPERT platform, a family of instruments and consumables that embody the latest advancements in electroporation technology. The ExPERT platform is engineered to support seamless scalability in complex cell engineering workflows, making it indispensable for developers working on cell and gene therapies.

Business Model and Revenue Streams

MaxCyte’s business model is built around a diversified revenue strategy. The company generates income through the sale of its cell engineering instruments, licensing its proprietary technologies, and through the continuous revenue stream provided by single-use processing assemblies and consumables. This model allows MaxCyte to support a wide array of partners—from academic research institutions to established biopharmaceutical companies. By licensing its technology to innovative companies, MaxCyte not only advances the state of cell-based research but also forms strategic partnerships that drive further adoption of its platforms.

Market Position and Industry Relevance

Operating at the intersection of biotechnology and medical device manufacturing, MaxCyte plays a vital role in enhancing the capabilities of cell and gene therapy development. Through its high-performance platforms, the company enables efficient, scalable, and reliable cell modification, which is essential in a field that continuously pushes the boundaries of therapeutic innovation. Its technology is employed across various stages of research and clinical development, making it a crucial enabler in the journey from laboratory discovery to commercial therapeutic applications.

Partnerships and Collaborative Developments

MaxCyte has established numerous pivotal partnerships with both clinical-stage enterprises and research organizations. Collaborations with companies developing engineered B cell medicines, allogeneic cell therapies, and advanced gene correction techniques underscore the versatility and broad application of its technology. Through these relationships, MaxCyte not only supports the technical and regulatory challenges inherent in therapeutic development but also benefits from a steady stream of research, clinical, and licensing revenues.

Technological Innovation and Support Services

Innovation remains at the core of MaxCyte’s strategy. The company continuously refines its platforms to enhance transfection efficiency and cell viability, addressing complex challenges in modern cell and gene therapies. Beyond the hardware, MaxCyte provides extensive scientific, technical, and regulatory expertise to its partners. This comprehensive support ensures that users of the platform can focus on the design and development of their therapies while relying on MaxCyte for reliable and validated cell-engineering solutions.

Competitive Landscape

Within the highly competitive bioscience and medical technology sectors, MaxCyte differentiates itself through its commitment to technological excellence and comprehensive support services. While several companies offer cell modification tools, MaxCyte’s combination of cutting-edge electroporation technology and robust intellectual property portfolio positions it uniquely in the market. Its emphasis on precision, scalability, and integrative support has allowed it to build strong, recurring revenue channels and foster lasting partnerships with innovators in the cell and gene therapy space.

Conclusion

In summary, MaxCyte is a crucial player in the transformation of cell-based research and therapeutics. Its pioneering Flow Electroporation technology and the versatile ExPERT platform not only propel advancements in cell engineering but also facilitate a wide range of pharmaceutical and academic research endeavors. By bridging key gaps in the therapeutic development process, MaxCyte continues to empower innovators and contribute to significant improvements in the field of biomedicine.

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MaxCyte, Inc. announced the release of financial results for the first quarter of 2024, scheduled after the U.S. market close on May 7th, 2024. The company, a cell-engineering focused organization, aims to advance cell therapeutics and bioprocessing applications. Investors can join the earnings conference call hosted by the management at 4:30 p.m. Eastern Time.
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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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FAQ

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

The current stock price of Maxcyte (MXCT) is $2.47 as of April 7, 2025.

What is the market cap of Maxcyte (MXCT)?

The market cap of Maxcyte (MXCT) is approximately 262.4M.

What is MaxCyte's primary technology?

MaxCyte's core technology is its proprietary Flow Electroporation platform, which enables efficient and scalable cell engineering for research and therapeutic applications.

How does MaxCyte generate revenue?

The company generates revenue through the sale of its instruments, licensing of its proprietary technology, and the sale of single-use processing assemblies.

What industries benefit from MaxCyte's technology?

MaxCyte serves a broad range of sectors including biopharma, cell and gene therapy, and academic research by providing cutting-edge cell engineering tools.

How does the ExPERT platform support cell engineering?

The ExPERT platform offers a suite of instruments and consumables designed for high transfection efficiency, scalability, and precise cell modification, making it ideal for clinical and research applications.

What distinguishes MaxCyte from competitors?

MaxCyte differentiates itself with its clinically validated electroporation technology, robust intellectual property, and comprehensive support services that assist partners in navigating technical and regulatory challenges.

Who are the typical partners of MaxCyte?

MaxCyte collaborates with a diverse range of partners, including biotech companies developing cell therapies, academic research institutions, and clinical-stage organizations focusing on gene therapies.

What role does MaxCyte play in therapeutic development?

By providing advanced cell engineering platforms, MaxCyte is instrumental in advancing the discovery, development, and commercialization of next-generation cell-based therapeutics.

Why is scalable cell engineering important?

Scalable cell engineering is vital as it ensures that precise and efficient methods are available for modifying cells, which is crucial for the development and manufacturing of safe and effective therapies.
Maxcyte

Nasdaq:MXCT

MXCT Rankings

MXCT Stock Data

262.42M
99.48M
1.49%
74.25%
2.56%
Medical Devices
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