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IXICO

  • BY: Andrew Hore |
  • POSTED: 24/12/2019 |

IXICO has extended two existing contracts and they will contribute an additional £2.4m in revenues. 

The neuroscience-focused data analytics company has secured a £1.8m extension to a phase III study in Huntingdon’s Disease and a £600,000 extension for a study in progressive supranuclear palsy.

The contracted order book was £15.9m at the end of September 2019. Other contracts have been added since then.

In the year to September, IXICO increased its revenues from £5.4m to £7.6m and it moved into profit for the first time. Pre-tax profit was £366,000.

There was £7.3m in the bank at the end of September 2019. 

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