IXICO's digital expertise to be deployed in clinical trial as it lands US$2.7mln contract
The seven-year deal, which starts immediately, builds on a relationship with an existing customer
Company
LON:IXI
IXICO is no ordinary Imaging Contract Research Organisation (iCRO). By unlocking valuable insights into drug safety and efficacy, IXICO has built a highly respected global reputation and a 20-year track record as an end-to-end iCRO. IXICO addresses the complex biomarker challenges associated with neurodegenerative conditions, expertly managing and analysing neuroimaging clinical trials in areas such as Alzheimer’s, Parkinson’s, Huntington's and other rare diseases.
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The seven-year deal, which starts immediately, builds on a relationship with an existing customer
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IXICO's mission is to transform the pursuit of improving brain health through the application of digital technologies
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"On our path to profitability, we will seek to ensure that IXICO captures its share of the value being created by incredibly exciting and disruptive digital health tools"
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London's FTSE 100 closed the day sharply higher, up over 1% to 7,460
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The deal, the second of its kind, is with an unnamed leading biopharmaceutical and is worth £750,000 over two years
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A glance at some of the day's highlights from the Proactive Investors newswire
Revenues in the year to September will be about 20% higher that a year ago at £3.7mln
The AIM-listed digital technologies company said the contract is for a Phase II clinical trial evaluating the safety and tolerability of a novel treatment for patients with Huntington's disease.
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The contract value is £1.2mln over a three year term
FTSE 100 closed 9.35 lower at 7,301 and the FTSE 250 added over 49 points at 19,566