Instem plc H2 China Market Update
December 21 2021 - 2:00AM
RNS Non-Regulatory
TIDMINS
Instem plc
21 December 2021
Instem plc
("Instem" or the "Company")
H2 China Market Update
Strong SaaS growth with new and existing clients
Instem plc (AIM: INS), a leading provider of IT solutions to the
global life sciences market, announces further progress in the
Chinese market in the second half of this financial year. Contract
successes include Provantis(R) preclinical software solution suite
orders for a significant number of additional licensed users from
two long-standing customers, reinforcing Instem's strong existing
relationships, and four additional new clients. All of these orders
are Software-as-a-Service ("SaaS") subscriptions.
Instem will provide the new customers with solutions
incorporating a range of modules across areas including general
toxicology, clinical pathology, pathology and implementation
services. The deals highlight the strength of the Company's
position in the Chinese market, with the SaaS platform providing
increasing earnings visibility and underlying margins growth.
Phil Reason, CEO of Instem plc, said: " We are very pleased to
achieve these contracts, demonstrating the strength of our
long-standing client relationships, the continuing transition to
SaaS, as well as momentum in securing new business. The two
existing customers have been clients for over seven years,
illustrating the long-term nature of our relationships and how
Instem supports its clients' growth.
"As reflected in our interim statement, Instem continues to
capitalise on its market-leading position in China with these
orders, highlighting the health of the early-phase R&D pipeline
in this substantial market."
For further information, please contact:
Instem plc Via Walbrook
Phil Reason, CEO
Nigel Goldsmith, CFO
Singer Capital Markets (Nominated
Adviser & Broker) +44 (0) 20 7496 3000
Peter Steel
Alex Bond
Rachel Hayes
Walbrook Financial PR +44 (0) 20 7933 8780
Tom Cooper instem@walbrookpr.com
Nick Rome
Nicholas Johnson
About Instem
Instem is a leading provider of IT solutions & services to
the life sciences market delivering compelling solutions for Study
Management Regulatory Submissions, Clinical Trial Acceleration, and
Informatics-based Insight Generation.
Instem solutions are in use by over 700 customers worldwide,
including all the largest 25 pharmaceutical companies, enabling
clients to bring life enhancing products to market faster. 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 products and services address aspects of the entire drug
development value chain, from discovery through to market launch.
Management estimate that over 50% of all drugs on the market have
been through some part of Instem's platform at some stage of their
development.
To learn more about Instem solutions and its mission, please visit www.instem.com
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