Physiomics Awarded Follow On Contract by UK Client
Physiomics plc has secured a follow-on contract with an existing UK client, valued between £116,000 and £169,000, to support a Phase 2 clinical study for a rheumatoid arthritis therapeutic. This new project builds upon previous work and is expected to commence in 2027, running for approximately six months. The contract highlights the client's continued commitment and provides Physiomics with an opportunity to expand its project pipeline for the upcoming financial year.
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Physiomics plc (AIM: PYC), a leading mathematical modelling, data science and biostatistics company supporting the development of new therapeutics and personalised medicine solutions, is pleased to announce a follow on contract with an existing UK based-client.
This new project builds on the contract award announced on 9 May 2025, under which Physiomics assisted its client in developing a population Pharmacokinetic (PK) model to inform the design of a Phase 2 clinical study for a small molecule therapeutic targeting rheumatoid arthritis. As the client prepares to initiate their clinical trial, this latest contract reflects a continued commitment to support the project throughout the execution of the Phase 2 study. Due to timelines associated with patient recruitment and data generation, this project is not anticipated to commence until 2027. The extended period between contract signature and project commencement is attributable to the client's desire to secure key service providers before initiating the trial. Upon initiation, the project is expected to run for approximately six months and due to flexibility in the scope of work has a value between £116K and £169K.
Dr Peter Sargent, CEO of Physiomics, commented:
"We are thrilled to have been awarded this new contract and to have the opportunity to continue supporting our client through their Phase 2 trial. This offers Physiomics an excellent chance to provide valuable insights that could guide the development of this Rheumatoid Arthritis asset, while also allowing us to begin expanding our project pipeline for the next financial year."
For more information about Physiomics and its services, please visit www.physiomics.co.uk.
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