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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 lowers forecasts amid contract delays
3 May 2024 - AIM WINNERS & LOSERS: Fletcher King optimistic; Angle in Astra deal
3 May 2024 - IN BRIEF: Physiomics celebrates "substantial" contract with old client
18 Mar 2024 - Physiomics secures 'substantial new contract' with existing pharma client
18 Mar 2024 - Physiomics reports higher interim revenue; loss narrows
7 Mar 2024 - Physiomics revenue rises, losses narrow in first half
7 Mar 2024 - UK earnings, trading statements calendar - next 7 days
4 Mar 2024 - Physiomics celebrates contract award for cancer therapy insect model
19 Feb 2024
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