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US Government Contract

26 Apr 2017 07:00

RNS Number : 3281D
Instem plc
26 April 2017
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Instem plc ("Instem")

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US Government Contract

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Further to the statement in the preliminary results announced on 28th March, the Company's auditors have confirmed that the accounting treatment for the contract with the US National Institute of Environmental Health Sciences (NIEHS) awarded in early 2017 will be to recognise the contract revenues and profits in the current year. This is consistent with the accounting treatment assumed in current market expectations.

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For further information, please contact:

Instem plc

Tel: +44 (0) 1785 825 600

Phil Reason, CEO

www.instem.com

Nigel Goldsmith, CFO

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N+1 Singer (Nominated Adviser & Broker)

Tel: +44 (0) 20 7496 3000

Richard Lindley

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Nick Owen

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Walbrook PR Ltd

Tel: +44 (0) 20 7933 8780 or

Paul Cornelius

instem@walbrookpr.com

Helen Cresswell

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Sam Allen

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Paul Whittington

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About Instem

Instem is a leading supplier of IT applications and services to the early development healthcare market delivering compelling solutions for data collection, analysis and regulatory submissions management. Instem solutions are in use by customers worldwide, meeting the rapidly expanding needs of life science and healthcare organisations for data-driven decision making leading to safer, more effective products.

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Instem's portfolio of software solutions increases client productivity by automating study-related processes while offering the unique ability to generate new knowledge through the extraction and harmonisation of actionable scientific information.

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Instem supports over 500 clients through offices in the United States, United Kingdom, France, Japan, China and India.

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To learn more about Instem solutions and its mission, please visit www.instem.com

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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10th Nov 202312:03 pmGNWForm 8.3 - Instem plc
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3rd Nov 20239:49 amRNSForm 8.5 (EPT/RI)
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31st Oct 20239:39 amRNSForm 8.5 (EPT/RI)
30th Oct 202310:09 amRNSForm 8.5 (EPT/RI)
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27th Oct 20233:00 pmBUSForm 8.3 - INS LN
27th Oct 20231:09 pmGNWForm 8.3 - Instem Plc

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