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Pin to quick picksIxico Share News (IXI)

Share Price Information for Ixico (IXI)

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Share Price: 7.125
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Ask: 7.50
Change: 0.00 (0.00%)
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Ixico hails contract win for early phase atrophy disease trial

Fri, 09th Dec 2022 11:53

(Alliance News) - Ixico PLC on Friday said it has signed a start-up agreement with a new client to provide MRI imaging services for an early phase clinical trial in multiple system atrophy, a rare nervous system condition that causes gradual damage to nerve cells in the brain.

The London-based AI data analytics company presumes a contract value of around GBP600,000 in early 2023 and expects the trial to last for two years.

The news comes a day after Ixico said that a client decided to discontinue a phase two trial previously announced by company. On Thursday it said it expects to suffer a reduction in anticipated revenue of GBP100,000 for 2023 amid a total reduction in the order book of GBP600,000. Financial guidance is not impacted by the cancellation, Ixico said on Thursday.

Ixico shares were 5.5% higher at 26.90 pence each on Friday morning in London, but 5.8% lower than on Monday, when they traded at 28.55p each. The stock is down 56% over the past 12 months.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

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20 Jan 2023 15:45

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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9 Dec 2022 14:21

Ixico awarded two-year MRI imaging contract

(Sharecast News) - Neuroscience analysis technology specialist Ixico has been selected by an unnamed, "leading" global pharmaceutical company and new client, it announced on Friday, to provide MRI imaging services for an early-phase clinical trial in multiple system atrophy.

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8 Dec 2022 16:51

TRADING UPDATES: Helios Towers seals deal; Ixico client cancels trial

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7 Dec 2022 12:26

Ixico profit, revenue down; expects return to medium, long-term growth

(Alliance News) - Ixico PLC on Wednesday said profit and revenue were down but it expects to return to growth over the medium and long term following recent client trial failures.

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30 Nov 2022 15:46

UK earnings, trading statements calendar - next 7 days

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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25 Oct 2022 14:27

Full-year revenue set to fall for Ixico

(Sharecast News) - Artificial intelligence (AI) data analytics company Ixico flagged full-year revenue of £8.6m in a trading update on Tuesday, down from £9.2m year-on-year.

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25 Oct 2022 12:43

IN BRIEF: Ixico shares down as annual revenue expected to drop

Ixico PLC - London-based neuroscience data analytics company - Expects revenue in year ended September 30 to be GBP8.6 million, down from GBP9.2 million the year before. Says year-on-year revenue fall reflects the "impact of the early cessation of client trials during the year". Order book amounts to GBP16.0 million at year-end, down from GBP18.8 million in prior year. "This reflects the signing of GBP12.6 million of new contracts during the year, offset by the delivery of GBP8.6 million revenue and GBP6.8 million contract value reductions due to the early client trial cessations and minor foreign exchange differences", Ixico notes.

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1 Sep 2022 12:27

IN BRIEF: Ixico shares rise as earnings to "comfortably" beat guidance

Ixico PLC - London-based neuroscience data analytics company - Says that trading in the second half of its financial year ending September 30 is "strong" and expects earnings before interest, tax, depreciation, and amortisation to "comfortably" exceed its previous guidance of GBP1.2 million. Does not give numbers for expected Ebitda. It was GBP1.7 million in financial year 2021. Adds that full-year revenue will be in line with market expectations.

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14 Jun 2022 15:38

Ixico to extend work on Huntington's disease trial

(Sharecast News) - Neuroimaging-focussed contract research organisation Ixico announced on Tuesday that an existing client has asked it to extend its breadth of services on their phase 1 and 2 trial into Huntington's disease.

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14 Jun 2022 14:23

IN BRIEF: Ixico extends Huntington's disease contract worth GBP800,000

Ixico PLC - London-based neuroscience data analytics company - Says it has extended a contract originally signed in April 2019. The existing client will use Ixico's services on its phase I/II trial into Huntington's disease. The contract extension is worth around GBP800,000, which Ixico expects to deliver across a four-year period.

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