Instem plc Two SEND Submit Contract Wins (0486S)
March 15 2016 - 3:00AM
UK Regulatory
TIDMINS
RNS Number : 0486S
Instem plc
15 March 2016
Instem plc
("Instem", the "Company" or the "Group")
Two SEND submit(TM) contract wins worth $0.8m
Instem plc (AIM: INS), a leading provider of IT solutions to the
global early development healthcare market, announces two new
contracts for its submit(TM) solution suite worth a combined value
of approximately $0.8million, which will be largely recognised in
the current financial year.
These contracts will commence immediately and predominantly
comprise of perpetual software licence fees. They extend our
existing activities with these customers, who are both top 25
global pharmaceutical companies.
The FDA's ("Food and Drug Administration") SEND ("Standard for
Exchange of Nonclinical Data") initiative was ratified in December
2014 and its implementation is now a market imperative for the
entire drug development industry.
SEND experts at Instem have been advising teams across the drug
development community over the past 18 months on the implications
of the new SEND protocol and how to effectively implement its
submit(TM) solution to create, manage, review, store and transfer
SEND data for accurate submissions to the FDA.
Phil Reason, CEO of Instem plc, commented; "We are delighted to
extend our relationship with two existing customers. This provides
further evidence of how Instem is starting to benefit from the FDA
mandate requiring pre-clinical study submissions to comply with
SEND."
"The Instem team has led and participated in the creation of the
SEND standard for over 10 years and brings over 30 years of
experience in developing, delivering and supporting world-class
nonclinical systems and solutions for the scientific community. I
am delighted to say that our submit(TM) solution continues to be
the most widely licensed set of SEND tools around the world,
installed in over 34 sites across 12 countries, helping our
customers achieve successful submissions to the FDA."
For further information, please contact:
Instem plc +44 (0) 1785 825 600
Phil Reason, CEO
Nigel Goldsmith, CFO
N+1 Singer (Nominated Adviser
& Broker) +44 (0) 20 7496 3000
Richard Lindley
Nick Owen
Walbrook Financial PR +44 (0) 20 7933 8000
Paul Cornelius instem@walbrookpr.com
Helen Cresswell
Sam Allen
Paul Whittington
About Instem plc
Instem is a leading supplier of IT applications to the early
development healthcare market, delivering compelling solutions for
data collection, management and analysis across the R&D
continuum. Instem applications 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.
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.
Instem supports over 400 clients from offices in the United
States, the United Kingdom, India, China and Japan, with an
additional presence in France.
To learn more about Instem solutions and its mission, please
visit www.instem.com
This information is provided by RNS
The company news service from the London Stock Exchange
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