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New US deal for Oncimmune on the back of mixed results

Oncimmune Holdings PLC (LON:ONC) has inked a new deal with US diagnostics firm Biodesix for its EarlyCDT lung cancer test. CEO Adam Hill tells Proactive London how significant the deal is and lays out his new three year strategic vision for the company, underlining a newly-implemented and strengthened cash position as well as an ability to drive growth through commercial collaborations.
The new deal will be worth up to US$28mln to Oncimmune over the next five years, with the agreement open for renewal for another five year period up to 2029.

Quick facts: Oncimmune

Price: 151.49 GBX

AIM:ONC
Market: AIM
Market Cap: £96.26 m
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Oncimmune CEO says they're seeing 'significant interest' in its EarlyCDT...

Oncimmune Holdings PLC's (LON:ONC) Adam Hill tells Proactive the next 18 months are expected to create substantial revenues within the EarlyCDT lung cancer test business while the pipeline of contracts within the ImmunoINSIGHTS services business is building. In a trading update covering the...

on 5/6/20

2 min read