IXICO Awarded Significant Long-Term Contract with Leading Global Pharmaceutical Company
Highlights IXICO’s position as partner of choice for major pharmaceutical companies in neurodegeneration drug development
28 August 2015, IXICO plc (Ticker: IXI) (‘IXICO’ or the ‘Company’), the brain health company, today announced that it has been awarded a long-term contract from a leading global pharmaceutical company with a revenue value to IXICO of c. $1 million per year.
This project is for a large Phase II/III global clinical study in neurodegenerative disease which is expected to run over at least 7 years and will utilise IXICO’s expertise in the collection and manipulation of magnetic resonance imaging (MRI) data including data from advanced MRI techniques. IXICO will be working with specialist imaging centres at multiple global sites and will be using its TrialTracker® and Assessa® digital platforms to collect imaging data and measure and monitor changes in disease pathology in subjects enrolled in the study.
John Hall, SVP Commercial Operations, commented:
“This important project award highlight’s IXICO’s growing position in the neuroscience clinical trial market. Our image data management system, TrialTracker®, is recognised as a leading platform to support the management of sites and imaging data in global clinical trials involving 10,000s of data sets. Furthermore, IXICO is being increasingly valued as a collaborative partner in the execution of such projects, where, through its scientific expertise and digital health platforms such as Assessa®, IXICO is providing further value to the customer.”
Professor Derek Hill, Chief Executive Officer of IXICO, commented:
“We are very pleased to have been awarded this significant project which recognises our expertise and utilises our digital technology platforms. This long-term contract with a valued customer coupled with our other previously announced new wins provides strong foundations for our growing business.”
Derek Hill, CEO
Susan Lowther, CFO
Charles Spicer, VP Corporate Development
+44 20 3763 7499
Peel Hunt LLP (Nominated Adviser and Broker)
+44 20 7418 8900
Daniel Stewart & Company (Joint Broker)
+44 207 776 6550
FTI Consulting Limited (Investor Relations)
+44 20 3727 1000
Notes to Editors
IXICO, the brain health company, uses its innovative and proprietary digital health technologies to help those involved in researching and treating serious diseases to make rapid, informed decisions targeted at improving patient outcomes. IXICO has significant experience working with global pharmaceutical and biotechnology companies supporting clinical studies in the field of neuro-degenerative disorders including Alzheimer’s disease, Huntington’s disease, other causes of dementia and Multiple Sclerosis.
IXICO’s digital platform technology which can combine imaging, demographic, cognitive and functional information to improve the precision of patient stratification, differential diagnosis and predict likely disease progression of dementia and other neurodegenerative diseases. Available in both research and medical device forms, Assessa® can support both stratification of patients in clinical trials and diagnosis of disease in the clinic.
More information on Assessa is available on the IXICO website.