IXICO announces new contract in Huntington's disease
Third pharma customer in this disease expands growing presence in advanced MRI imaging
23 April 2015, IXICO plc (Ticker: IXI) ('IXICO' or the 'Company'), the brain health company, today announces that it has been awarded a contract for a third clinical trial in Huntington's disease ('HD') by a new US-based drug development specialty pharmaceutical customer.
The contract is for an early phase trial for a novel treatment where IXICO will be providing a battery of advanced MRI imaging techniques and clinical trial endpoints.
This follows the announcements in May and November 2014 of contracts awarded and then extended with two top 15 pharmaceutical companies. This third contract extends and consolidates IXICO's presence in, and revenues to be derived from, this important disease area and further expands the Company's track record and capabilities in advanced MRI imaging techniques.
Professor Derek Hill, Chief Executive of IXICO, commented:
'This third contract in Huntington's disease is gratifying recognition of the success of our developing specialisation in both this disease area and in advanced MRI imaging techniques. These growth areas complement our well established position in the provision of similar support for clinical trials in Alzheimer's disease.'
About IXICO
IXICO, the brain health company, uses its innovative and proprietary digital health technologies to help those involved in researching and treating serious diseases to make rapid, informed decisions targeted at improving patient outcomes. IXICO has significant experience working with global pharmaceutical and biotechnology companies supporting clinical studies in the field of neuro-degenerative disorders including Alzheimer's disease, Huntington's disease, other causes of dementia and Multiple Sclerosis.
More information is available on www.ixico.com
About HD
HD is a rare genetic neurodegenerative disorder that affects the patient's normal movement, cognition and behaviour. HD is more common in people of Western European descent than in those of Asian or African ancestry, affecting approximately 5-7 people per 100,000 in Western countries. There are currently no effective marketed treatments for HD. Despite its low incidence, interest in developing therapeutics to treat the disease within the pharmaceutical industry is significant with a large number of pharmaceutical and biotechnology companies globally interested in the indication. IXICO has supported important research in the HD indication area since 2007. The Company has worked with key opinion leaders around the world and charitable organisations to characterise biomarkers that could be used in clinical trials to evaluate the effectiveness of novel treatments in development. A battery of outcome measures is emerging from these published studies and other academic work.
Enquiries:
IXICO plc
Derek Hill, CEO
Susan Lowther, CFO
Charles Spicer, VP Corporate Development
+44 20 7691 2089
Peel Hunt LLP (Nominated Adviser and Broker)
James Steel
Clare Terlouw
+44 20 7418 8900
Daniel Stewart & Company (Joint Broker)
Martin Lampshire
David Coffman
+44 207 776 6550
FTI Consulting Limited (Investor Relations)
Simon Conway
Matthew Moss
Ben Atwell
+44 20 3727 1000
