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DXRX platform contract win

13 September, 2021

Diaceutics PLC (AIM: DXRX), the diagnostic commercialisation company, is pleased to announce that it has secured a contract with a global pharmaceutical company for the provision of technology enabled services, to be delivered via its DXRX platform. The contract value is in excess of $900,000, with the majority of revenue to be recognised in the current financial year, supporting the Company’s growth targets and current year forecasts.

Diaceutics will collaborate with the client to support the launch of a diagnostic test alongside a new oncology drug. Both the diagnostic test and drug are new to the market and as such the diagnostic test will require adoption by laboratories globally in order for the drug to be prescribed by physicians. This initial contract will involve creating a Quality Assurance standard across 30 laboratories in ten countries to ensure that results and interpretation are consistent wherever the test is undertaken. 

Peter Keeling, CEO and Founder of Diaceutics PLC, commented:

We are very pleased to be supporting the commercialisation of this new oncology drug for our client. This drug has the potential to help many cancer patients when on the market and the work done now will mean more patients having access to this drug, earlier. Through the use of the DXRX platform, we anticipate the study to be completed swiftly, utilising our growing online lab network.


Enquiries:

Diaceutics PLC 


Philip White, Chief Financial Officer

Via Alma PR



Stifel Nicolaus Europe Limited (Nomad & Broker)

Tel: +44 (0)20 7710 7600

Ben Maddison


Stewart Wallace


Nick Adams




Alma PR

Tel: +44(0)20 3405 0205

Caroline Forde

[email protected]

Robyn Fisher


Kieran Breheny

Matthew Young




 


About Diaceutics

At Diaceutics we believe that every patient should get the precision medicine they deserve. We are a data analytics and end-to-end services provider enabled by DXRX - the world’s first Network solution for the development and commercialization of precision medicine diagnostics. 

Diaceutics has worked on every precision medicine brought to market and provides services to 36 of the world’s leading pharmaceutical companies. We have built the world’s largest repository of diagnostic testing data with a growing network of 2500 labs in 51 countries.

Diaceutics PLC


Philip White
Chief Financial Officer
+44 (0) 7801 611 921


Nominated adviser and broker

Stifel Nicolaus Europe Limited
150 Cheapside
London
EC2V 6ET.

Public Relations & Investor Relations advisers

Alma PR
71-73 Carter Lane
London
EC4V 5EQ.

Tel: +44 (0)20 3405 0205 or [email protected]


 
Caroline Forde
Robyn Fisher
 
Kieran Breheny