Going forward30 Sep 2023 08:29
Company has been particularly successful in attracting repeat business this year from clients such as Numab Therapeutics and Bicycle Therapeutics which have helped to offset a reduction in revenues from long-standing client Merck KGaA (although at the time of writing Merck has just signed its first new project with us since 2022).
The Company's clients in this financial year have been located in the USA, UK, EU and Switzerland. In terms of the mix of work, we continue to work across the full spectrum of R&D from discovery to development, though we continue to focus increasingly on translational projects involving assets entering clinical development for the first time. This is particularly exciting, as it raises our profile and can involve exposure to regulatory authorities. The Company continues to work in the immuno-oncology space with several of its clients, and it is anticipated that the industry focus on this treatment approach is likely to continue for some time.
Personalised Medicine
The personalised medicine and digital health space continues to generate significant interest from both investors and healthcare systems. Many start-ups in this area focus on the use of genetic markers or the pattern-recognition capabilities of artificial intelligence applications. However, we believe that there is a significant opportunity in the analysis of existing clinical data to identify better ways to treat patient using existing drugs and procedures.
The Company has developed a tool for personalised dosing, funded mainly by two Innovate UK and one NIHR grant as noted above.