Summary
MagForce AG (MagForce) is a medical device company that offers nanotechnology-based therapy for cancer treatment. The company’s products include NanoActivator, NanoTherm, NanoPlan and NanoTherm Therapy. Its NanoActivator creates a magnetic field that can be used to treat tumors in all areas of the body. MagForce’s NanoTherm is a liquid that reacts to the presence of magnetic field. The company’s NanoPlan uses the bioheat transfer equation to help the physician in charge estimate treatment temperatures and the magnetic field strength. Its products are used in the treatment of prostate cancer, pancreatic cancer, esophageal cancer and glioblastoma. The company operates through therapy centers located in Berlin, Munster, Kiel, Cologne and Frankfurt, Germany. MagForce is headquartered in Berlin, Germany.

MagForce AG Key Recent Developments

Feb 06,2019: MagForce: Newly launched ’NanoTherm Therapy School’ kicks off with successful first training session
Oct 23,2018: MagForce publishes financial results for the first half of 2018 and operative highlights
Aug 08,2018: MagForce announces successful capital increase of the subsidiary MagForce USA
May 03,2018: MagForce Publishes Financial Results for the Year 2017 and Operative Highlights

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- Business description – A detailed description of the company’s operations and business divisions.
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- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
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