REG - IXICO plc - Contract Update

IXICOAnnouncement

08/12/2022 15:45

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RNS Number : 1206J  IXICO plc  08 December 2022

8 December 2022

IXICO plc

("IXICO" or the "Company")

 

Contract update

 

IXICO plc (AIM: IXI), the precision analytics company delivering intelligent
insights in neuroscience, announces that it has been notified by a client that
the client has decided to discontinue a phase two trial that was previously
announced by the Company.  While this is expected to result in a reduction in
management's previously anticipated revenues for 2023 of £0.1m and a total
reduction in the Company's orderbook of £0.6 million, market guidance will
not be impacted.

 

For further information please contact:

 

 IXICO plc                                         +44 (0)20 3763 7499
 Giulio Cerroni, Chief Executive Officer

 Grant Nash, Chief Financial Officer

 Cenkos Securities PLC (Nominated adviser and sole broker)                         +44 (0)20 7397 8900
 Giles Balleny / Max Gould (Corporate Finance)
 Michael F Johnson / Tamar Cranford-Smith (Sales)

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 (MAR) as it forms part of domestic law in
the United Kingdom by virtue of the EU (Withdrawal) Act 2018.

 

About IXICO

IXICO is dedicated to delivering insights in neuroscience to help transform
the advancement of investigational therapies for neurological diseases, such
as Huntington's, Parkinson's, Alzheimer's disease and Multiple Sclerosis. The
Company's purpose is to advance medicine and human health by turning data into
clinically meaningful information, providing valuable new insights in
neuroscience by supporting pharmaceutical companies across all phases of CNS
clinical research. IXICO's goal is to be a leading advocate of artificial
intelligence in medical image analysis.

 

IXICO has developed and deployed breakthrough machine learning AI data
analytics, at scale, through its remote access TrialTracker technology
platform, to improve the return on investment in drug development and reduce
risk and uncertainty in clinical trials for the Company's pharmaceutical
clients.

 

 

More information is available on www.IXICO.com (http://www.IXICO.com) and
follow us on Twitter @IXICOnews

 

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