IXICO plc IXICO signs US$1.5m contract (2029Z)
March 13 2017 - 2:00AM
UK Regulatory
TIDMIXI
RNS Number : 2029Z
IXICO plc
13 March 2017
13 March 2017
IXICO plc
("IXICO" or the "Company")
IXICO signs US$1.5m contract
New contract with an existing top 10 pharma customer
Endorsement of IXICO's expertise in brain diseases and the value
to pharma of its innovative technology for image analysis
IXICO, the brain health company, today announces that it has
signed a new contract worth US$1.5m for its Imaging Clinical Trial
Technologies and Services with an existing customer which is a top
10 pharmaceutical company.
The contract is for the supply of services to a Phase IIb
clinical trial of patients in the early stages of Progressive
Supranuclear Palsy ("PSP"), a Parkinson's-like neurodegenerative
condition caused by the premature loss of nerve cells in certain
parts of the brain.
IXICO will collect, manage and analyse MRI scans acquired at
over 90 international specialist imaging centres utilising its
proprietary TrialTracker(TM) platform. This data analytics
technology has been specifically modified for quantifying drug
effects in PSP patients. This current study is expected to complete
in 2020 and there is potential for the scope to be extended
further.
Giulio Cerroni, Chief Executive of IXICO, commented: "We are
pleased to announce the signing of a further contract with a top
pharma company highlighting our leading position in providing
proprietary digital technologies and services for the analysis of
big data sets from clinical trials, especially in the area of
neurodegenerative disease. This contract further demonstrates
existing customers' endorsement of IXICO's ability to provide
compliant delivery of quality data and trustworthy results, and
cements our position as a valued partner to the pharmaceutical
industry in the drug development process."
For further information please contact:
IXICO plc
Giulio Cerroni, Chief Executive Tel: +44 20
Officer 3763 7499
Susan Lowther, Chief Financial Officer
Shore Capital (Nomad and Broker) Tel: +44 20
Bidhi Bhoma / Edward Mansfield 7408 4090
FTI Consulting Limited (Investor Tel: +44 20
Relations) 3727 1000
Simon Conway/Mo Noonan/Matthew Moss
About IXICO
IXICO's innovative and proprietary digital healthcare
technologies help those involved in researching and treating
serious diseases to capture and analyse clinical data to make
rapid, informed decisions. In clinical research this includes the
phenotyping of patients, quantification of disease pathology and
measurement of patient outcomes. In clinical practice the mobile
health and digital decision support technologies aid diagnosis,
patient engagement and monitoring. IXICO is also collaborating with
partners to develop companion digital health products targeted at
improving patient outcomes.
The Company's brain health focus includes Alzheimer's disease,
Huntington's disease, multiple sclerosis, Parkinson's disease,
behavioural health, child and adolescent mental health.
More information is available on www.ixico.com
Progressive Supranuclear Palsy
Progressive Supranuclear Palsy is a Parkinson's-like
neurological condition caused by the premature loss of nerve cells
in certain parts of the brain. Over time this leads to difficulties
with balance, movement, vision, speech and swallowing. Research
suggests around 20,000 people suffer with PSP in the US alone.
This information is provided by RNS
The company news service from the London Stock Exchange
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