US $7 million multi-year enterprise engagements for subscription data services
Diaceutics PLC, (AIM: DXRX), a leading technology and solutions provider to the pharmaceutical industry, is pleased to announce two enterprise-level, multi-disease data engagements, with two top 10 global pharmaceutical companies. Combined, the contracts will deliver a cumulative value of US$ 7 million over a two year period, demonstrating Diaceutics’ continued successful transition to a subscription based model and further validating the Group’s strategy and platform technology investments to date.
Diaceutics will deliver a number of subscription data services to help these global pharmaceutical organisations commercialise their therapeutic treatments more quickly, accurately and efficiently, increasing the uptake by eligible patients and enhancing the organisations’ return on R&D investment.
The subscription data services, delivered via Diaceutics’ proprietary DXRX platform, include the following products:
Signal, which uses real-world data through DXRX’s network of labs to identify patients who have tested positively for a particular biomarker and are therefore suitable for certain precision medicines;
Lab Mapping, which provides an in-depth analysis of the lab environment to determine key factors in commercialising the precision medicine;
Physician Mapping, which examines physician testing behaviour to determine testing rates – a leading indicator for prescription – and the critical physician-to-lab relationship; and
Disease Testing Rate Tracker, which delivers an accurate view of testing rates, adoption and trends over time.
Diaceutics has also developed an innovative suite of commercialisation solutions and advisory services, which can be delivered through its proprietary DXRX platform, and offer additional opportunities to expand the scale and coverage of these customer engagements.
Peter Keeling, Chief Executive Officer of Diaceutics, said:
“These enterprise level engagements are a testament to the value placed in our expanding offerings by pharmaceutical and life science organisations.
The continued strong pipeline build serves to highlight the scale of the opportunity available to us within the market, as we continue to further embed within existing customers and onboard new top pharma companies to the DXRX platform.
Looking ahead, our position as a trusted precision medicine partner grants us a unique opportunity to expand our offerings beyond initial data insights and into our full suite of commercialisation solutions and advisory services.”
Enquiries:
Diaceutics PLC
Peter Keeling, Chief Executive Officer
Nick Roberts, Chief Financial Officer
Via Alma PR
Stifel Nicolaus Europe Limited (Nomad & Broker)
Ben Maddison
Stewart Wallace
Nick Adams
Tel: +44 (0)20 7710 7600
Alma PR
Caroline Forde
Kieran Breheny
Matthew Young
Tel: +44(0)20 3405 0205
About Diaceutics
At Diaceutics we believe that every patient should get the opportunity to receive the right test and the right therapy to positively impact their disease outcome.
We provide the world's leading pharma and biotech companies with an end-to-end commercialisation solution for precision medicines through data analytics, scientific and advisory services enabled by our platform DXRX – The Diagnostics Network ®
