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0.45 -0.025 (-5.26%)

Bid:

0.40

Ask:

0.50

Spread: 0.10 (25.00%)

Market Cap: £2.04m

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IN BRIEF: Physiomics secures GBP102,000 model development contract

Mon, 17th Mar 2025 16:22

Physiomics PLC - Oxfordshire, England-based mathematical modelling company that supports oncology drug development - Secures contract worth GBP102,000 with a new UK-based biotech firm that is focused on developing antibody drug conjugates based therapies targeting difficult-to-treat cancers. Says the contract will see it develop a pharmacokinetic pharmacodynamic model to inform optimal dosing for the client's upcoming first-in-human trial. Expects the project to run from April until August this year. Chief Executive Peter Sargent says: "We are delighted to be awarded this contract. Not only is this contract with a brand new client, but is also in the area of ADCs; a hot new area of oncology treatments."

Current stock price: 0.44 pence, up 1.4% on Monday afternoon in London.

12-month change: down 67%

By Christopher Ward, Alliance News reporter

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