DXRX Diaceutics Plc

TIDMDXRX

RNS Number : 9186C

Diaceutics PLC

24 June 2021

24 June 2021

Diaceutics PLC

("Diaceutics" or "the Company")

Multiple contracts for Inherited Retinal Disease (IRD) in APAC, EU, and US markets

 
      -   Diaceutics is providing data analytics and implementation 
           solutions to enable seamless commercialisation of diagnostic 
           testing for leading global pharmaceutical companies ahead 
           of the launch of an innovative targeted therapy for IRD 
      -   Projects cover comprehensive mapping of IRD testing landscapes, 
           including through the use of the Company's diagnostic 
           commercialisation platform DXRX, and test commercialisation 
           strategy implementation to ensure the right testing is 
           in place at launch, supporting increased uptake of the 
           therapy 
      -   Contracts awarded cover key regional footprint extending 
           to Europe, the UK, APAC & the US 
 

Diaceutics PLC, (AIM: DXRX), the diagnostics commercialisation company for precision testing, announces it has secured four projects with two leading pharmaceutical companies to solve real-world testing hurdles for the rare disease group: Inherited Retinal Disease (IRD). IRD has, until now, been a largely untreatable disease group causing severe vision loss or even blindness, affecting around two million people worldwide. The contracts demonstrate the applicability of the DXRX diagnostic commercialisation platform outside of the Company's core area of oncology.

The services will be delivered over the course of six months in 2021 across Europe, the UK, APAC & the US. The projects are in partnership with existing pharmaceutical customers of the Company and represent an expansion of its commercial relationship into a new therapy area, in line with the C ompany's 'land and expand' strategy, and the increased engagement of the customers with the DXRX platform. The contracts will deliver approximately GBP1.0 million revenue within 2021.

Peter Keeling, CEO and Founder of Diaceutics says, "Diaceutics is excited to be involved with these ground-breaking therapies for IRD, giving us an opportunity to bring our extensive knowledge of personalized medicine in the oncology field to rare disease and to help patients with IRD access the best treatments available. These new project wins across a new disease area show the confidence that leading pharma companies have in Diaceutics and our considerable expansion opportunity. Through utilising the DXRX platform, alongside our advisory services, the projects can be delivered efficiently, at scale, across multiple geographies, bringing together all the segments in the precision medicine diagnostics market required to facilitate change and ensure patients get the right treatment at the right time."

Diaceutics is the first to market with a unique diagnostic commercialisation platform, DXRX, allowing stakeholders in the precision medicine market to collaborate and shape the diagnostics marketplace, in real time. Via the DXRX platform, the Group is providing both data analysis services to pharmaceutical customers, collected within the platform to highlight key opportunities and hurdles that need to be considered for testing launch, and subsequent implementation solutions, in which key testing laboratories will be engaged to ensure seamless and high-quality diagnostic testing is in place at the time of therapy launch.

Enquiries:

 
 Diaceutics PLC 
Peter Keeling, Chief Executive Officer                       Via Alma PR 
Philip White, Chief Financial Officer 
 
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                                   diaceutics@almapr.co.uk 
Robyn Fisher 
Kieran Breheny 
 

About Diaceutics

At Diaceutics we believe that every patient should have access to the right treatment at the right time. We provide the world's leading pharmaceutical companies with an end-to-end solution for the launch of precision medicine diagnostics enabled by DXRX - The Diagnostic Network(R).

DXRX is the world's first diagnostic commercialisation platform for precision medicine, integrating multiple pipelines of real-world diagnostic testing data from a global network of laboratories.

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June 24, 2021 02:00 ET (06:00 GMT)

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