IXICO PLC (LON:IXI)

IXICO PLC (LON:IXI)


Share Price
26.00 p
Change
-0.5 (-1.89 %)
Market Cap
£12.16 m
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IXICO PLC RNS Release

Contract with top 10 global pharmaceutical company


RNS Number : 3166A
IXICO plc
11 September 2018
 

11 September 2018

 

IXICO plc

("IXICO" or the "Company")

 

Significant new contract with a top 10 global pharmaceutical company to provide specialist medical imaging services for a Phase III Huntington's disease clinical trial

 

Highlights the value of IXICO's data science expertise in neuroscience drug development.

 

IXICO plc (AIM: IXI), the data science company delivering insights in neuroscience, today announced that it has signed a new contract with a top 10 global pharmaceutical company, to provide its technology enabled imaging services in support of a Pivotal Phase III study in Huntington's disease. The contract value of £9.1m will be delivered over a four year term.

 

As part of this study, IXICO will utilise its expertise to optimise, standardise and collect magnetic resonance imaging (MRI) data from specialist imaging centres across North America, Latin America, Europe, Asia and Australasia. IXICO's data science expertise and artificial intelligence (AI) software algorithms will be applied to provide insights into brain cellular microstructure and neuronal connectivity to support the evaluation of drug safety and efficacy.

 

This contract expands IXICO's relationship with an existing client and is the fourth new contract in Huntington's disease announced this financial year. It demonstrates the increasing adoption of IXICO's scientific and operational expertise in this important area of clinical development; Huntington's disease is a rare genetic neurodegenerative disorder which affects movement, cognition and behaviour.

 

Giulio Cerroni, CEO of IXICO, said: "I am delighted to announce this new contract for a Pivotal Phase III clinical trial with an existing client which demonstrates confidence in IXICO's services to deliver valuable insights through our proprietary data analytics platform. Huntington's disease is an area of significant unmet medical need as there are currently no effective marketed treatments. This latest contract award reflects our experience working in this important area of neuroscience drug development which, together with previously announced new contracts and contract extensions, provides a strong foundation for future growth."

 

 

For further information please contact:

 

IXICO plc

Giulio Cerroni, Chief Executive Officer

Susan Lowther, Chief Financial Officer

 

Tel: +44 20 3763 7499

 

 

Shore Capital (Nomad and Broker)

Edward Mansfield / Anita Ghanekar / Daniel Bush

Tel: +44 20 7408 4090

 

 

FTI Consulting Limited (Investor Relations)

Simon Conway/Mo Noonan

Tel: +44 20 3727 1000

 

 

About IXICO

IXICO is dedicated to delivering insights in neuroscience.   Our mission is to transform the progression of our clients' neurodegenerative therapeutic pipeline through the application of advanced medical imaging and digital health technologies.

 

IXICO's specialist data analytics services are used by the global pharmaceutical industry to analyse brain scan data and digital biomarkers to measure disease status and progression, enable better trial design, site qualification, patient selection and clinical outcomes. We provide technology-enabled services across all phases of clinical trial process evaluation. Our integrated digital platform provides a scalable and secure infrastructure for the capture and analysis of regulatory compliant clinical data to enable clients to make rapid, better informed decisions. IXICO is also collaborating with partners to develop new analytical techniques and companion digital health products targeted at improving patient outcomes.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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IXICO PLC Timeline

Newswire
December 11 2018

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