IXICO signs US$1.5m contract

March 13, 2017
News

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™ 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 Officer
Susan Lowther, Chief Financial Officer
+44 20 3763 7499

Shore Capital (Nomad and Broker)
Bidhi Bhoma / Edward Mansfield
+44 20 7408 4090

FTI Consulting Limited (Investor Relations)
Simon Conway/Mo Noonan/Matthew Moss
+44 20 3727 1000