Diaceutics PLC New contract win for DXRX platform (6787T)

TIDMDXRX

RNS Number : 6787T

Diaceutics PLC

22 July 2020

Diaceutics PLC

("Diaceutics" or the "Group" or the "Company")

New contract win for DXRX platform

Diaceutics PLC (AIM: DXRX), the diagnostic commercialisation company, announces a significant new client contract win with a leading pharmaceutical company.

Diaceutics' will collaborate with this new client to produce an outsourced commercial solution for its US market, using the Company's new DXRX platform to improve patient testing and support the client's pioneering activities in the field of immunotherapy. This initial contract is worth $1.27 million.

The end-to-end diagnostic development and commercialisation service to be provided to this client evidences the evolution of Diaceutics' business model. The introduction of DXRX marks the shift from historical consulting and planned platform services to a broader client offering which brings together Diaceutics' propriety intellectual property, global laboratory network and repository of testing data on one proprietary platform, on a longer term basis. DXRX will enable the client to deliver seamless diagnostic testing for their precision medicine therapies which will result in greater efficiencies and drive increased testing rates and adoption.

Commenting on today's news, Peter Keeling, Diaceutics' Chief Executive said:

"This client win marks another milestone in the commercial success of Diaceutics. Our data and new commercialisation platform DXRX are designed to provide a full end-to-end service, and via these we believe we are well placed to significantly improve patient testing for our clients' therapy in this challenging cancer setting."

Enquiries:

 
 Diaceutics PLC 
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Callum Davidson / Giles Balleny 
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Anna Dunphy                                                                   Tel: [phone] 
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Paul McManus                                                                  Tel: [phone] 
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About Diaceutics

At Diaceutics we believe that every patient should get the precision medicine they deserve. We are a data analytics and end-to-end services provider enabled by DXRX - the world's first Diagnostic Network solution for the development and commercialisation of precision medicine diagnostics. The Group, listed on the AIM Market of the London Stock Exchange, has created commercially useful data sets for every precision medicine that has come to market. We have built the world's largest repository of diagnostic testing data with a growing network of 2500 labs in 51 countries. www.diaceutics.com

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July 22, 2020 02:00 ET (06:00 GMT)