IXICO plc Additional Alzheimer's disease contracts (9975D)

TIDMIXI

RNS Number : 9975D

IXICO plc

03 November 2020

IXICO plc

("IXICO" or the "Company")

Additional Alzheimer's disease contracts with new and existing large pharma clients

IXICO plc (AIM: IXI), the data analytics company delivering insights in neuroscience, announces that it has secured new contracts in Alzheimer's disease (AD) clinical trials.

The new contracts include a Phase I study in Alzheimer's disease with a new biotechnology customer, an expansion contract for a Phase II trial with an existing biotechnology company and the initiation of an open-label extension phase III trial with an existing large pharmaceutical company.

The contracts build on the strength IXICO has in AD clinical trials and are in addition to the partnership with the Global Alzheimer's Platform which the Company announced on World Alzheimer's Day, 21 September 2020.

These contracts were included in management's expectations of performance for the coming year and contribute to the Company's strong order book. These contracts relate to trials at different stages of drug development and are with several different customers, strengthening diversification in the Company's order book.

Lammert Albers, Chief Commercial Officer of IXICO, commented: "Today there are 50 million people worldwide that suffer with Alzheimer's and other forms of dementias. There are currently no means to prevent or delay onset, slow progression or meaningfully improve symptoms of Alzheimer's disease. With more than 120 unique investigational drugs in clinical trials, IXICO is proud to support some of these potential treatments that one day may be in the hands of Alzheimer's patients worldwide. "

For further information please contact:

 
 IXICO plc                                      [phone] 
 Giulio Cerroni, Chief Executive Officer 
  Grant Nash, Chief Financial Officer 
 
 Cenkos Securities PLC (Nominated adviser 
  and sole broker)                              [phone] 
 Giles Balleny / Max Gould (Corporate 
  Finance) 
 Michael F Johnson / Russell Kerr 
  (Sales) 
 
 Walbrook PR Ltd                                [phone] 
 Paul McManus / Lianne Cawthorne               [e-mail] 
  / 
 Alice Woodings 
 
 

About IXICO

IXICO is dedicated to delivering insights in neuroscience. Our purpose is to advance medicine and human health by turning data into clinically meaningful information, providing valuable new insights in neuroscience and our goal is to be a leading proponent of artificial intelligence in medical image analysis. We will achieve this by developing and deploying breakthrough data analytics, at scale, through our remote access technology platform, to improve the return on investment in drug development and reduce risk and uncertainty in clinical trials for our pharmaceutical clients.

   More information is available on www.IXICO.com   and follow us on Twitter @IxicOplc 

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November 03, 2020 02:00 ET (07:00 GMT)