REG - Physiomics PLC - Contract Award

PhysiomicsAnnouncement

13/06/2024 07:00

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RNS Number : 2233S  Physiomics PLC  13 June 2024

13 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 new
contract by an existing, large client. The project involves the use of our
proprietary Virtual Tumour platform to model the client's targeted oncology
agents in combination with other modalities to help inform dose and scheduling
decisions. The value of the contract is £186k and it is anticipated that it
will be completed over the course of the current calendar year.  This project
and associated contract award is the second of the two referred to in the
Company's trading update on 3 May 2024 and now means that the Company will be
going into its next financial year ending 30 June 2025 with committed revenues
of over £0.5m.

 

Dr Peter Sargent, CEO, commented: "After many months of discussion and
negotiation with the client, I'm delighted that we can now start this
substantial project. This win reflects the significant experience and
expertise the Physiomics team has built up over the years, in particular
around more complex modelling of combination therapies".

 

 

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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