IXICO says it is excited as Huntington’s consortium progresses
“We're excited to support this important project in our endeavour to bring novel imaging biomarkers into clinical trials," said Robin Wolz, IXICO chief scientific officer
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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“We're excited to support this important project in our endeavour to bring novel imaging biomarkers into clinical trials," said Robin Wolz, IXICO chief scientific officer
Orders are expected to top £15mln at the year-end
The contract, signed with a leading European biopharmaceutical company, is the second study award with this client in the last 12 months
The neuro-imaging expert provided a trading statement alongside its interim results
The latest commercial agreement is worth around £900,000
Chief executive Giulio Cerroni said he was "satisfied" with the performance over the past six months, delivering positive EBITDA and operating cash despite the halting of several important client trials
It will support a global observational study to assess participants for the early detection of the condition
This trial, which is expected to run for over five years, is the company's second study for the client after winning a 2021 contract following a Multiple System Atrophy study
The new platform has been developed and validated in collaboration with academic and pharma partners, the company said
She most recently held a position at date science company IQVIA
Dementias Platform UK (DPUK) is an industry and academic collaborative body focused on finding ways to treat and prevent the disease
Rogers previously held senior positions at GlaxoSmithKline
In the current year the board is managing the challenges from the recent halt of a clinical trial and pursuing a focused investment programme
The trial will be conducted across 100 sites in 10 countries and is worth more than £1.0mln over seven years
IXICO has been notified by a client of an indefinite halt to the client's clinical trial following the receipt of unexpected preclinical data.
“With an ageing population and the high unmet clinical need for new treatments for neurodegenerative diseases we remain very confident in the medium- and long-term opportunity"
The company will support a phase II Alzheimer's trial
The latest deal is with an unnamed existing client
The contract is worth more than US$500,000 over four years, investors were told
"We anticipate returning to a double-digit revenue growth trajectory as our 2022 financial year progresses”