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Share Price Information for Ixico (IXI)

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Share Price: 7.00
Bid: 6.75
Ask: 7.25
Change: 0.00 (0.00%)
Spread: 0.50 (7.407%)
Open: 7.00
High: 7.00
Low: 7.00
Prev. Close: 7.00
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Ixico's income falls slightly but has a number of contracts in the pipeline

Fri, 21st Oct 2016 10:15

(ShareCast News) - AIM-listed Ixico's income for the year fell, but the brain health company has a number of contracts with pharmaceuticals in the pipeline and a "strong" balance sheet.In trading update for the year ended 30 September, the company reported revenues of £3.1m and other income of £700,000, both unchanged from the previous year. Income totalled £3.8m, a 9.5% decrease.The company said the stable revenues reflected the start-up of seven new clinical trials including five Alzheimer's disease studies, one in progressive supranuclear palsy and a first contract in Parkinson's disease with pharmaceutical Oxford Biomedica.Project start-up activities included the $7m long-term contract with a leading pharmaceutical announced in August 2015.As these projects ramp-up they will make a material contribution to revenue from the current financial year onwards.Revenues in the year were also attributed to a change in the sales mix including a contribution by Biogen, a US biotechnology company, towards the development of Assessa PML, a product from the company's Assessa digital platform, which helps the early detection of progressive multifocal leukoencephalopathy, a side effect of certain drug treatments for Multiple Sclerosis.Net cash at the end of September was £3.1m, including £2.7m from an equity placing in November 2015, and was a small decrease from the net cash of £3.2m at the end of March. Cash inflows for the second half included grant reimbursement and research and development tax credits.On Thursday the company announced it had signed a $1.2m contract with a new global pharmaceutical customer for advanced imaging clinical trial services in progressive supranuclear palsy.Shares in Ixico were down 2.14% to 27.40p at 0944 BST.
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22 May 2014 12:07

IXICO Wins Contracts For Huntington's Disease Clinical Trials

LONDON (Alliance News) - Brain health company IXICO PLC Thursday said it has won contracts for two separate clinical trials in Huntington's disease with "top 15" pharmaceutical companies, building on a third clinical study already underway on the disease. In a statement, IXICO said the two

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16 Apr 2014 09:54

IXICO Awarded Development Contract By NHS England Initiative

LONDON (Alliance News) - IXICO PLC Wednesday said it has been awarded a development contract by The Small Business Research Initiative for Healthcare, an NHS England initiative, to cover phase 1 funding for the development of an online application designed to support dementia sufferers after they

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16 Apr 2014 07:33

UK MORNING BRIEFING: RSA Loses UK & Western Europe Chief Executive

LONDON (Alliance News) - RSA Insurance Group said Wednesday the Chief Executive of the business which houses its troubled Irish operations has resigned in order to become Executive Chairman, underwriting and distribution, at business partner A J.Gallagher. The company said UK & Western Euro

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20 Mar 2014 09:19

Thursday broker round-up UPDATE

Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target

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11 Mar 2014 15:45

Standard Chartered non-exec builds company holding after profit decline

An Independent Non-Executive Director of Standard Chartered has this week upped his stake in the group by a quarter with the purchase of 2,500 shares. John Paynter, who was appointed to his role in 2008, bought the shares at 1,246.50p each for a total of £31,163, taking his total holding to 12,50

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11 Mar 2014 15:07

DIRECTOR DEALINGS: Ixico Non-Executives Buy Shares

LONDON (Alliance News) - Ixico PLC said Tuesday that non-executive chairman Andy Richards had bought 13,700 shares at 78 pence each. Non-executive director Tim Sharpington bought 12,750 shares at 78.5 pence also on Tuesday. Following these purchases Richards has a 0.2% interest in the

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7 Mar 2014 14:47

IXICO, VirtualScopics In International Commercial, Operational Alliance

LONDON (Alliance News) - Brain health company IXICO PLC Friday said it has entered into an international commercial and operational alliance with VirtualScopics Inc, a quantitative medical imaging provider. "The proposed alliance will provide the clinical trials industry with global operati

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28 Feb 2014 15:59

IXICO Positive On Position Following Business Transition

LONDON (Alliance News) - IXICO PLC, the company formed when IXICO Ltd and Phytopharm PLC merged, said Friday that it believes it is strongly positioned in its core clinical trials and experimental medicine markets following the transition of its business. The company formally known as Phyto

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18 Nov 2013 18:34

DIRECTOR DEALINGS: IXICO Non-Executive Director Buys Shares

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18 Nov 2013 18:27

IXICO Non-Executive Director Buys Shares

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1 Nov 2013 16:47

DIRECTOR DEALINGS: Ixico Executive Buys Shares

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31 Oct 2013 14:05

DIRECTOR DEALINGS: IXICO CEO Buys 4,000 Shares

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21 Oct 2013 12:45

DIRECTOR DEALINGS: IXICO Chairman Buys Shares

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