New RSV contract RNS25 Mar 2022 07:50
REG – Open Orphan PLC – £5m RSV human challenge study contract win
RNS Number : 9798F Open Orphan PLC 25 March 2022
£5m RSV human challenge study contract win
Open Orphan plc (http://www.openorphan.com) (AIM: ORPH), a rapidly growing
specialist contract research organisation (CRO) and world leader in testing
infectious and respiratory disease products using human challenge clinical
trials, announces that hVIVO (http://www.hvivo.com) , a subsidiary of Open
Orphan, has signed a £5m respiratory syncytial virus ("RSV") human challenge
study contract with a European biotechnology company ("European biotech") to
test its intravenous antiviral candidate, using the hVIVO RSV Human Challenge
Study Model.
The study is expected to commence this year and will test and assess the
efficacy of the client's antiviral candidate in a cohort of healthy young
adult volunteers. This contract builds on Open Orphan's existing relationship
with this European biotech, following previous early clinical work completed
by the Venn Breda team, highlighting the Company's ability to maintain
relationships with its clients over time and to cross sell services between
brands. The Company expects the revenues from the contract to be recognised
across 2022 and 2023.
The study will be conducted by hVIVO's highly trained team of medics at its
state-of-the-art quarantine facilities in London which was recently expanded
in a cost-efficient manner from 43 to 62 beds, an increase of c. 45%. The
Company's specialised virology laboratories, hLAB, will provide qPCR
(quantitative polymerase chain reaction), infectivity and serology data for
the study.
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