Open Orphan PLC New Contract win for Open Orphan's Breda office (1452F)
14 July 2021 - 4:01PM
UK Regulatory
TIDMORPH
RNS Number : 1452F
Open Orphan PLC
14 July 2021
Open Orphan plc
("Open Orphan" or the "Company")
New Contract win for Open Orphan's Breda office
Open Orphan plc (AIM: ORPH), a rapidly growing specialist
pharmaceutical services clinical research organisation (CRO) and a
world leader in vaccine and antiviral testing using human challenge
clinical trials, announces a new contract win of c. EUR900,000 with
an existing customer for clinical trial management by our Breda,
Netherlands office.
Cathal Friel, Executive Chairman of Open Orphan, said: "This new
contract win demonstrates the ongoing and continued success of our
Breda office which continues to sign multiple contracts and only
those close to GBP1 million and above are announced. Our Breda
office is getting more and more integrated with our London
business, and the entire Open Orphan group is excelling as the
global leader in the testing of vaccines, anti-virals and other
infectious disease therapeutics."
Completion of CHIMagents acquisition
Separately, and further to the Company's announcement of 15 July
2020, Open Orphan announces that it has completed its acquisition
of CHIMagents Limited. CHIMagents was established to assist in the
design, manufacture and testing of challenge agents for use in
challenge studies. The CHIMagents team have been working alongside
the Open Orphan team since July 2020 supporting the design,
manufacture and testing of both new challenge agents and the
Company's industry leading portfolio of existing challenge study
agents.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 (as implemented into
English law) ("MAR"). With the publication of this announcement via
a Regulatory Information Service, this inside information is now
considered to be in the public domain.
For further information please contact:
Open Orphan plc +353 (0) 1 644 0007
Cathal Friel, Executive Chairman
Arden Partners plc (Nominated Adviser
and Joint Broker) +44 (0) 20 7614 5900
John Llewellyn-Lloyd / Richard Johnson
/ Oscair McGrath
finnCap plc (Joint Broker) +44 (0) 20 7220 0500
Geoff Nash / James Thompson/ Richard
Chambers
Davy (Euronext Growth Adviser and Joint
Broker) +353 (0) 1 679 6363
Anthony Farrell
Walbrook PR (Financial PR +44 (0)20 7933 8780 or openorphan@walbrookpr.com
& IR)
Paul McManus/ Sam Allen/ Louis Ashe-Jepson +44 (0)7980 541 893 / +44
(0) 7502 558 258 / +44 (0)
7747 515393
Notes to Editors
Open Orphan plc
Open Orphan plc (London and Euronext: ORPH) is a rapidly growing
pharmaceutical service/contract research company that is a world
leader in testing vaccines and antivirals using human challenge
clinical trials. The company provides services to Big Pharma,
biotech and government/public health organisations.
Open Orphan runs challenge studies in London from both its
19-bedroom Whitechapel quarantine clinic, opened in February 2021,
and its 24-bedroom QMB clinic which also has a highly specialised
virology and immunology laboratory on-site. Open Orphan has a
leading portfolio of eight human challenge study models for
conditions such as RSV, flu, asthma and COPD. In addition, Open
Orphan is also developing the world's first COVID-19 human
challenge study model as part of the Human Challenge Programme and
has signed a reservation contract with the UK Government for the
first three COVID-19 vaccine challenge studies.
Building upon its many years of challenge studies and virology
research, the Company is developing an in-depth database of
infectious disease progression data. Based on the Company's Disease
in Motion(R) platform, this unique dataset includes clinical,
immunological, virological and digital (wearable) biomarkers. The
Disease in Motion platform has many potential applications across a
wide variety of end users including big technology, wearables,
pharma and biotech companies. Following COVID-19 there is now a
renewed interest and investment in infectious diseases.
Open Orphan's Paris office has been providing biometry, data
management and statistics to its many European pharmaceutical
clients for over 20 years. For over 15 years, the Company's
Netherlands office has been providing drug development consultancy
and services, including CMC (chemistry, manufacturing and
controls), PK and medical writing, to a broad range of European
clients. Both offices are now also fully integrated with the London
office and working on challenge study contracts as well as
supporting third party trial contracts.
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