IXICO plc Contract expansion with biopharmaceutical company (1763Z)
August 30 2018 - 2:00AM
UK Regulatory
TIDMIXI
RNS Number : 1763Z
IXICO plc
30 August 2018
30(th) August 2018
IXICO plc
("IXICO" or the "Company")
Expansion of contract with biopharmaceutical company
Total contract value has increased to EUR1.3m
IXICO plc (AIM: IXI), the data science company delivering
insights in neuroscience, today announced that it has signed a
further change order to a current contract which increases the
total contract value to EUR1.3m.
The original contract in Alzheimer's disease was announced on 5
July 2017 and this change order reflects an extension of the
contract term from September 2020 to May 2021 and the addition of
new clinical sites. The latest amendment results in a total change
in the contract value of EUR0.5m or 65% above the original value of
EUR0.8m.
Change orders often occur as part of the normal course of
multi-year contracts, as the scope of services that IXICO provides
can be expanded or extended during the term of a clinical
trial.
Giulio Cerroni, Chief Executive Officer of IXICO, said: "We are
delighted to announce a further extension and expansion of this
project. This change order and increase in contract value,
demonstrates how closely we work with our biopharmaceutical clients
to expand the services we provide to their clinical development
programmes."
For further information please contact:
IXICO plc
Giulio Cerroni, Chief Executive Officer Tel: +44 20 3763 7499
Susan Lowther, Chief Financial Officer
Shore Capital (Nomad and Broker) Tel: +44 20 7408 4090
Edward Mansfield/Anita Ghanekar/Daniel Bush
FTI Consulting Limited (Investor Relations) Tel: +44 20 3727 1000
Simon Conway/Mo Noonan
About IXICO
IXICO is dedicated to delivering insights in neuroscience. Our
mission is to transform the progression of our clients'
neurodegenerative therapeutic pipeline through the application of
novel medical imaging and mobile health digital technologies.
IXICO's specialist data analytics services are used by the
global pharmaceutical industry to interpret brain scan data and
digital biomarkers to enable better trial design, site
qualification, patient selection and clinical outcomes. We provide
technology-enabled services across all phases of clinical trial
process evaluation. Our integrated digital platform provides a
scalable and secure infrastructure for the capture and analysis of
regulatory compliant clinical data to enable clients to make rapid,
better informed decisions. IXICO is also collaborating with
partners to develop new analytical techniques and companion digital
health products.
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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