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LONDON (Alliance News) - Physiomics PLC Monday said it has signed a contract with a new speciality pharmaceuticals customer to investigate how one of the client's new candidate drugs shrinks tumours.
Physiomics scientists will use systems biology approaches to map the possible pathways by which the drug could act, it said in a statement without giving any financial details. The analysis will be used to narrow down possible mechanisms and suggest new experiments that the client can perform to home in on one mechanism.
"If successful, the directors hope that Physiomics will be able to offer its other modelling services to this new client as the project progresses," the company said in a statement.
Physiomics shares were up 31.6% at 0.25 pence early Monday, the biggest gainer on AIM.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
Copyright 2013 Alliance News Limited. All Rights Reserved.
Latest PYC News
- UPDATE: Physiomics wins new deal following Merck contract extension
31 Aug 2023 - IN BRIEF: Physiomics to extend anti-cancer regimen work with Merck
31 Aug 2023 - ValiRx interim loss widens as costs increase; hails Inaphaea progress
24 Aug 2023 - Physiomics inks contract extension with Numab Therapeutics
8 Aug 2023 - IN BRIEF: Physiomics inks further contract with Numab Therapeutics
8 Aug 2023 - TRADING UPDATES: Ecofin US Renewables expects to pay reduced dividend
29 Jun 2023 - Physiomics completes GBP335,000 fundraise; announces new retail offer
27 Jun 2023 - AIM WINNERS & LOSERS: Unbound shares drop as calls off sales process
27 Jun 2023
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