Open Orphan PLC - London-based pharmaceutical services - Swings to pretax profit of GBP277,000 in 202, from a loss of GBP11.0 million. Revenue rises 74% to GBP39.0 million from GBP22.2 million. Attributes growth to a record number of human challenge study contracts won throughout year. Order book grows 11% to GBP46 million of future contracted revenue as at December 31 from GBP41.6 million, year-on-year. Order book stands at GBP64.2 million on June 1. Says the revenue is expected to be recognised across 2022, 2023 and 2024. Confident in further growth in 2022. Looks forward to "converting its progress into value for shareholders."
Current stock price: 14.84 pence, down 7.2% on Tuesday
12-month change: down 53%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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