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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
- Physiomics wins clinical development contract with new UK client
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9 May 2025 - Physiomics extends long-term collaboration with Numab via new contract
15 Apr 2025 - IN BRIEF: Physiomics secures GBP102,000 model development contract
17 Mar 2025 - IN BRIEF: Physiomics eyes new contracts but half-year loss widens
6 Mar 2025 - EARNINGS AND TRADING: Tullow eyes non-core sales; Treatt backs outlook
31 Jan 2025 - Physiomics shares rise as dosing software project gains key approvals
8 Jan 2025 - Physiomics project gets regulatory and ethical approval
8 Jan 2025
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