MagForce
German company
MagForce AG is a publicly traded German company based in Berlin, Germany that develops medical devices that generate magnetic hyperthermia to treat cancer. The company was founded in 1997 as a spin-off from Charité.
The medical technology company conducts research in the field of nano medicine. It was the first company to receive European authorisation for a medical device containing nanoparticles, in 2010.
History
MagForce was founded in 1997 by Berlin biologist Andreas Jordan and biology engineer Regina Scholz, with Peter Heinrich later stepping in to manage the company.
MagForce AG was listed on the Frankfurt Stock Exchange in 2007. Having developed their NanoTherm, NanoPlan, and NanoActivator treatment systems, they received EU-wide certification (CE mark) and their first authorisation, specifically for the treatment of glioblastoma in 2010,
By 2013, sales of the system were poor; one reason for that was that the company had been run with little money, raising only about 11 million euros by 2010, and had scant clinical trial with which to convince oncologists that its system was effective and safe. The CEOs, Hoda Tawfik and Christian von Volkmann, re-evaluated the company's strategy, and raised 33.3 million euros, and used about half of that to retire debt. In September 2013, American Ben Lipps, who had previously led the DAX-listed Fresenius Medical Care Group, took over as the company's CEO. Lipps had played a crucial role in the widespread market adoption of dialysis procedures and was drawn to MagForce by his enthusiasm for innovative technology. In an interview with Die Welt, Lipps expressed optimism about MagForce's future, stating the company was" on the path to becoming a successful and highly profitable global player in oncology, with the potential to significantly improve the lives of cancer patients".
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Chronology, provenance and viewpoint should be read together before a broad social or political interpretation is accepted. The source revision retrieved here is dated Sep 10, 2026. The linked authority identifier is Q48966228. 2 of 2 selected statements include explicit references; 0 carry qualifiers and 0 use preferred rank. The first chronological checks are 1997, 2010, 2007 and 2013.
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This entry incorporates text from “MagForce” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.