Last checked at 19 May 2021 07:00
IXICO plc
("IXICO" or the "Company")
Contract win for new neuroinflammatory disorder
Contract extends IXICO's CNS franchise to include a further new disease indication
IXICO plc (AIM:IXI), the AI data analytics company delivering insights in neuroscience, announces that it has been selected by a current biopharmaceutical client to provide neuroimaging services for a Phase III clinical trial. Following on from the recent contract win announcement made on 28th April for an acute ischemic stroke study, today's contract announcement is for a Neuroinflammatory disorder study, extending IXICO's CNS franchise to include a further new disease indication. In addition to deepening the commercial relationship with this client, the additional contract highlights the Company's strategic momentum in diversifying across new neurological therapeutic areas.
Neuroinflammatory disorders such as multiple sclerosis (MS) represent an important area of research within CNS, with an active and growing number of new clinical trials anticipated. The new Phase III trial will be conducted across 50 sites in North America and Europe and is worth in excess of £0.5m over 4 years.
Lammert Albers, Chief Commercial Officer of IXICO, commented:
"IXICO is delighted to be awarded the contract for this new study. By bringing together our Company's proven therapeutic expertise, advanced AI analytics and robust operational infrastructure, IXICO will enable this existing biopharmaceutical client to accelerate R&D decision making, de-risk clinical research and maximise the value of their CNS drug development pipelines. We are proud to support all sponsors in their tireless efforts to bring potential treatments to patients suffering from neurological disorders and the new award reflects the confidence customers place in IXICO as the trusted leading neuroimaging partner for their Phase III CNS studies."
For further information please contact:
IXICO plc | +44 (0)20 3763 7498 | |||
Giulio Cerroni, Chief Executive Officer Grant Nash, Chief Financial Officer |
| |||
| ||||
Cenkos Securities PLC (Nominated adviser and sole broker) | +44 (0)20 7397 8900 | |||
Giles Balleny / Max Gould (Corporate Finance) |
| |||
Michael F Johnson / Russell Kerr (Sales |
| |||
| ||||
Walbrook PR Ltd | +44 (0)20 7933 8780
| |||
Paul McManus / Lianne Cawthorne / | IXICO@walbrookpr.com | |||
Alice Woodings
| ||||
About IXICO
IXICO is dedicated to delivering insights in neuroscience. Our purpose is to advance medicine and human health by turning data into clinically meaningful information, providing valuable new insights in neuroscience and our goal is to be a leading proponent of artificial intelligence in medical image analysis. We will achieve this by developing and deploying breakthrough data analytics, at scale, through our remote access technology platform, to improve the return on investment in drug development and reduce risk and uncertainty in clinical trials for our pharmaceutical clients.
More information is available on www.IXICO.com and follow us on Twitter @IXICOnews