REG - Physiomics PLC - Contract Award

PhysiomicsAnnouncement

07/06/2024 07:00

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RNS Number : 4997R  Physiomics PLC  07 June 2024

7 June 2024

 

Physiomics plc

("Physiomics" or the "Company")

 

Contract Award

 

Physiomics plc (AIM: PYC), a leading mathematical modelling and data science
company supporting the development of new therapeutics and personalised
medicine solutions, is pleased to announce that it has been awarded a
significant contract by a new UK-based biotech client. This client sits at the
forefront of AI-driven design and development of novel therapies across
various therapeutic areas. The project involves the use of our proprietary
Virtual Tumour technology to help guide the Phase 1b/2 dosing regimens for one
of their oncology assets and benchmark it against the competition. The project
is valued at £161,580 and is anticipated to be completed over the next five
months. The project, and associated contract award, is one of the two referred
to in the Company's trading update on 3 May 2024.

 

Dr Peter Sargent, CEO, commented: "We at Physiomics are very excited about
starting our first project with this exciting new client and we look forward
to working with their team over the coming months and hopefully on further
programmes in the future".

 

 

Enquiries:

 

Physiomics plc

Dr Peter Sargent, CEO

+44 (0)1235 841575

 

Hybridan LLP (Broker)

Claire Louise Noyce

+44 (0) 203 764 2341

 

Strand Hanson Ltd (NOMAD)

James Dance & James Bellman

+44 (0)20 7409 3494

 

 

 

Notes to Editor

 

About Physiomics

 

Physiomics plc combines cutting edge PKPD and QSP modelling and data science
techniques, along with deep biology expertise, to help biotech and pharma
companies streamline their drug development journeys.

 

Our approach is to derive insight from all relevant data in order to de-risk
decision making and optimise design research across discovery, pre-clinical
and clinical studies.

 

Through use of bespoke models and our proprietary Virtual Tumour technology,
the Physiomics team has informed the development of over 100 commercial
projects, over 50 targets and 75 drugs. Clients include Merck KGaA, Astellas,
Bicycle Therapeutics, Numab Therapeutics & CRUK.

 

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