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Instem seeing all clients place orders as healthcare market stays buoyant

Phil Reason, chief executive of healthcare AI software group Instem PLC (LON:INS), says business was strong across all areas of the group in the first six months of 2019.

Even a change from licences to a SaaS or pay-as you-use model has gone smoothly, he says, with cash inflows strong over the first six months.

Healthcare generally is very strong and that drives more people to Instem, said Reason.

The SEND platform, which helps companies present data to the US FDA in a consistent format, saw revenues double for example, though Reason says all clients are placing orders.

Instem is looking at acquisitions, particularly in the area of software for later-stage clinical trials.

Quick facts: Instem PLC

Price: 438 GBX

Market: AIM
Market Cap: £73.03 m

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