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. (MXCT) pioneers advanced cell engineering through its proprietary Flow Electroporation technology, enabling breakthroughs in gene therapy and biopharmaceutical development. This dedicated news hub provides investors and industry professionals with essential updates on MXCT’s strategic initiatives, financial performance, and scientific advancements.
Access timely press releases covering regulatory milestones, partnership announcements, and technology innovations. Our curated collection includes earnings reports, clinical trial updates, and analyses of MXCT’s role in advancing next-generation cell therapies. The platform serves as a critical resource for tracking the company’s impact on precision medicine and scalable therapeutic manufacturing.
Discover updates about MXCT’s ExPERT platform deployments, licensing agreements with biotech innovators, and expansions in global research collaborations. Content is organized for quick scanning while maintaining technical accuracy, ensuring relevance for both casual observers and specialized analysts.
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MaxCyte, a leading cell-engineering company, announced on April 11, 2022, that it granted stock options for a total of 554,000 shares to newly hired employees, including 500,000 shares to Cenk Sumen, the new Chief Scientific Officer. The options, issued under the 2021 Inducement Plan, have a ten-year term with an exercise price of $5.67 per share, matching the stock's closing price on the grant date. Vested shares will occur over four years, contingent upon continued employment.
MaxCyte, Inc. (NASDAQ: MXCT) announced the resignation of Amanda Murphy as Chief Financial Officer effective April 15, 2022. Ron Holtz, current Senior Vice President and Chief Accounting Officer, will serve as Interim CFO. MaxCyte expects first-quarter revenue to be at least $11.0 million, a significant increase from $6.5 million year-over-year. Additionally, core business revenue is anticipated to reach $9.0 million. Murphy will assist during the transition, while Sean Menarguez is promoted to Director, Investor Relations.
MaxCyte reported fourth quarter and full year 2021 results, showcasing record revenues of $10.2 million for Q4 and $33.9 million for the year, reflecting growth of 19% and 30%, respectively. Core business revenues surged by 37%, driven by a 43% increase from cell therapy customers. The company anticipates 2022 revenue growth of 22% to 25% over 2021, with SPL Program-related revenue projected at $4 million. Operating expenses rose to $48.4 million, leading to a net loss of $19.1 million for 2021. Cash reserves stood at $255 million as of year-end.
MaxCyte has appointed Cenk Sumen, Ph.D., as the new Chief Scientific Officer (CSO), effective March 9, 2022. Dr. Sumen brings a wealth of experience in scientific innovation and technology development, having previously served as CTO at Stemson Therapeutics. MaxCyte is a pioneering cell-engineering company dedicated to advancing cell-based research and therapies with its Flow Electroporation® technology. CEO Doug Doerfler expressed enthusiasm for Dr. Sumen's strategic vision, which aims to enhance MaxCyte’s position in the growing cell therapy market.
MaxCyte, Inc. (NASDAQ: MXCT) will release its fourth quarter and full year 2021 financial results on March 22, 2022, after U.S. market close. A conference call is scheduled for 4:30 p.m. Eastern Time to discuss the results. The company, recognized for its proprietary Flow Electroporation® platform, is focused on advancing cell-based research and the cell therapy market with its ExPERT™ platform. This technology supports various stages of cell therapeutic development and commercialization.
MaxCyte, a leader in cell-engineering technology, announced its participation in several upcoming virtual investor conferences. Key events include the BIO CEO & Investor Conference on February 15, the BTIG MedTech event on February 17 at 3:00 p.m. ET, and the Cowen Annual Healthcare Conference on March 7 at 9:50 a.m. ET. The company will provide live and archived webcasts of these presentations on its investor relations website. MaxCyte's technologies aim to enhance cell-based research and support the growing cell therapy market.
MaxCyte, a commercial cell-engineering company, has granted stock options for 204,500 shares to eight new employees as part of its 2021 Inducement Plan. This move, effective from February 10, 2022, aligns with Nasdaq rules and aims to incentivize talent acquisition. Each option has a ten-year term with an exercise price of $6.54, matching the stock's closing price on the grant date. Vesting occurs over four years, with 25% available after the first year. This initiative underscores MaxCyte's commitment to enhancing its workforce to drive next-generation cell-based medicine advancements.
MaxCyte has signed a strategic platform license with Intima Bioscience, a biotechnology company focused on cell therapies for solid tumors. This agreement grants Intima access to MaxCyte’s Flow Electroporation® technology and ExPERT™ platform, aimed at enhancing the development of its checkpoint cell therapy targeting CISH in gastrointestinal and colon cancers. MaxCyte will receive licensing fees and milestone payments from Intima. This partnership marks MaxCyte's 16th such collaboration, further expanding its technology's application in the cell therapy market.
MaxCyte, Inc. (NASDAQ: MXCT) expects fourth quarter 2021 revenue to exceed $10 million, up 17% from Q4 2020, with full year revenue anticipated above $33.7 million, marking a 28% increase from 2020. The company reports over 500 instruments installed and 15 Strategic Platform Licenses (SPLs), enabling over 95 programs, with 15% in clinical stages. MaxCyte's SPLs could lead to over $1.25 billion in precommercial revenue potential. CEO Doug Doerfler highlighted significant achievements in 2021, including a successful IPO and organic growth in core business.
MaxCyte, a commercial cell-engineering company, announced its participation in several investor conferences. The events include the Consilium Strategic Communications 9th Annual Healthcare Conference on November 15, 2021, Stifel 2021 Virtual Healthcare Conference on November 16, and Stephens Annual Investment Conference on November 29. Each session will feature discussions led by company management. Live and archived webcasts will be available on MaxCyte's investor relations website.
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