16th Jan 2014 12:21
LONDON (Alliance News) - Physiomics PLC Thursday said it had signed a collaboration deal with the University of Dundee to assist it in analysing clinical data with an emphasis on developing new mathematical approaches for drug development.
It said its part of the collaboration will be fully funded by the Northern Research Partnership. The research project, run by Dr Raluca Eftimie and Dr Fordyce A. Davison, will start this month.
"We are pleased to collaborate with such a well know institution in biological modelling. We anticipate that this will further improve our clinical modelling capabilities," Chief Executive Mark Chadwick said in a statement.
Physiomics shares were down 7.9% at 0.161 pence Thursday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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