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MaxCyte signs clinical and commercial licensing deal APEIRON Biologics

Chief executive Doug Doerfler said: "This agreement represents an important achievement for MaxCyte, and highlights the value of our next-generation technology platform to companies across the globe seeking to unlock the potential of their engineered cell therapy programmes"

MaxCyte Inc -

MaxCyte Inc (LON:MXCT) has signed a clinical and commercial licensing deal with a company developing a gene silencing drug for solid tumours.

Under the agreement, APEIRON Biologics will be allowed to use the AIM-listed group’s Flow Electroporation technology and ExPERT platform to advance APN401, a siRNA-based cell therapy.

In return, MaxCyte will receive “undisclosed development and approval milestones and sales-based payments in addition to other licensing fees”.

In a statement, MaxCyte chief executive Doug Doerfler said: "This agreement represents an important achievement for MaxCyte, and highlights the value of our next-generation technology platform to companies across the globe seeking to unlock the potential of their engineered cell therapy programmes."

Quick facts: MaxCyte Inc

Price: 272.5 GBX

AIM:MXCT
Market: AIM
Market Cap: £210.26 m
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