19th Jun 2024 10:39
(Alliance News) - Ixico PLC shares rose on Wednesday, after it said it has won a contract to provide services for a Parkinsonian trial.
Shares in the neuroscience focused advanced analytics company were up 14% to7.38 pence each in London on Wednesday morning.
Ixico said it has been contracted by "a top five [contract research organisation] on behalf of a new pharma client", which it left unnamed. Ixico will provide its imaging biomarker services for a phase three clinical trial for patients with a type of Parkinsonian disorder.
The trial is due to run for just under five years and is worth over GBP1 million.
Chief Executive Giulio Cerroni said: "We are pleased that our expertise in providing imaging analysis and radiological reads across clinical trials for a broadening range of neurodegenerative disorders, is increasingly recognised across the drug development industry and continues to attract new sponsors seeking these expert services."
By Sophie Rose, Alliance News senior reporter
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