BERLIN & NEVADA--(BUSINESS WIRE)--MagForce AG (Frankfurt, Entry Standard, XETRA: MF6, ISIN: DE000A0HGQF5), a leading medical device company in the field of nanomedicine focused on oncology, today published financial results for the first half of 2014, ending on June 30, 2014, and operative highlights.
Ben J. Lipps, CEO of MagForce, commented: “I am pleased to inform you that we are well on track, both in Europe and the US, and that I am very happy with MagForce’s performance. With our EU-wide certification, we are planning to begin the commercial treatment of brain tumors in Germany sometime at the end of this year. In the US, from a long-term perspective, the greatest market potential comes from the treatment of prostate cancer. In view of the extremely positive development we have experienced over the past ten months, I am convinced that we will meet our financial targets in Europe and North America. We are continuing our preparations for registration in the US and are planning to begin clinical trials in 2015. In August, we also successfully completed the first round of financing for MagForce USA, Inc. and raised USD 15 million with an additional USD 15 million in warrants to finance the development of the NanoTherm™ therapy in the US. I am delighted that we have managed to convince important strategic investors such as PayPal founder Peter Thiel to invest in MagForce USA.”
Help employers find you! Check out all the jobs and post your resume.
