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Share Price: 1.40
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Change: 0.05 (3.70%)
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Physiomics Secures Contract Extension With Existing Client Merck

Thu, 05th Mar 2020 13:57

(Alliance News) - Oncology-focused research and development services provider Physiomics PLC on Thursday said it has been awarded a further contract by Merck KGaA.

The financial details of the deal was not disclosed.

The Oxford-based company said the contract is an extension of one of the projects previously awarded by the German pharmaceutical company.

In November, Physiomics said Merck & Co Inc committed to an initial tranche of projects for 2020, with a combined value of GBP250,000. It added that the projects - expected to be completed during the first six to eight months of 2020 - will encompass a range of drug targets and treatment types in both pre-clinical and clinical settings.

The newly-awarded contract is expected to complete in the next six months.

"We are delighted that the new arrangement with our long-standing client, Merck, appears to be working well, having already added our first additional project to those announced in December. We look forward to the possibility of further new projects as the year progresses," said Physiomics Chief Executive Jim Millen.

The stock was trading 4.1% lower at 2.30 pence each on Thursday afternoon in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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14 Jun 2024 09:51

Physiomics re-engages with DoseMe for personalised dosing software

(Sharecast News) - Physiomics, a mathematical modelling and data science specialist focussed on therapeutics and personalised medicine, has re-engaged with DoseMe to implement its personalised dosing software on the 'DoseMeRx' platform, it announced on Friday.

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13 Jun 2024 10:28

IN BRIEF: Physiomics inks contract with old client worth GBP186,000

Physiomics PLC - Abingdon, Oxfordshire-based mathematical modelling and data science for new medicines - Wins new contract from "an existing, large client", worth GBP186,000. According to the agreement, the client will use Physiomics' proprietary Virtual Tumour platform to model its targeted oncology agents in combination with other modalities, in order to help inform dose and scheduling decisions. As a result, Physiomics will be entering the next financial year - ending June 30, 2025 - with committed revenue of over GBP500,000.

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13 Jun 2024 09:56

Physiomics wins new contract with existing client

(Sharecast News) - Data sciences business Physiomics said on Thursday that it has been awarded a new contract by an existing, large client.

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7 Jun 2024 12:01

IN BRIEF: Physiomics wins "significant" GBP160,000 contract

Physiomics PLC - Abingdon, Oxfordshire-based mathematical modelling and data science for new medicines - Says it has been awarded a significant contract by a new UK-based biotech client, which it left unnamed. "This client sits at the forefront of AI-driven design and development of novel therapies across various therapeutic areas," the company says. The project involves the use of Physiomics' Virtual Tumour technology to help guide the phase 1b/2 dosing regimens for one of their oncology assets and benchmark it against the competition. The project is valued at GBP161,580 and is anticipated to be completed over the next five months.

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1 Jun 2024 13:01

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3 May 2024 14:34

IN BRIEF: Physiomics warns large contracts taken longer than expected

Physiomics PLC - Milton Park, England-based data science company, focused on new therapeutics and personalised medicine solutions - Warns several large contracts have taken longer than expected to be signed. It predicts total income for the year to June 30 will decline to a range of GBP600,000-GBP650,000 as a result. It adds: "The company is in the final stages of negotiation for two projects (one with an existing client and one with a potential new client), the total value of which is expected to be, in aggregate, approximately GBP350,000. Whilst the board anticipates that the contracts for these two projects will be signed in FY24, the majority of the revenue is now expected be recognised in the company's next financial year ending 30 June 2025, and accordingly the board's expectations for FY25 revenues have been correspondingly increased."

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3 May 2024 11:21

Physiomics lowers forecasts amid contract delays

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18 Mar 2024 11:57

IN BRIEF: Physiomics celebrates "substantial" contract with old client

Physiomics PLC - mathematical modelling company that supports oncology drug development - Receives a "substantial" new contract by an existing "large pharma" client, though doesn't specify whom the client is. The project, which is valued at GBP178,000, involves involves pharmacokinetic-pharmacodynamic modelling in the field of DNA damage and repair fields. It is designed to help inform clinical dose and scheduling decisions. Physiomics expects this work to be completed over the course of the next six months.

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18 Mar 2024 09:43

Physiomics secures 'substantial new contract' with existing pharma client

(Sharecast News) - Mathematical modelling and data science company Physiomics has been awarded "a substantial new contract" by an existing large pharmaceutical client.

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7 Mar 2024 14:24

Physiomics reports higher interim revenue; loss narrows

(Alliance News) - Physiomics PLC on Thursday reported higher interim revenue and a narrowed loss.

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7 Mar 2024 12:50

Physiomics revenue rises, losses narrow in first half

(Sharecast News) - Physiomics reported revenue of £0.37m in its interim results on Thursday, up from the £0.34m it recorded a year earlier.

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4 Mar 2024 16:21

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19 Feb 2024 10:30

Physiomics celebrates contract award for cancer therapy insect model

(Alliance News) - Physiomics PLC on Monday said that it has been awarded a contract by the University of Sheffield to support a grant-funded project focused on an insect model of cancer treatment.

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