Business
Inaphaea Contract Award
Inaphaea Contract Award.
About this update from Valirx Plc
[{"type":"text","content":"\n\n17 June 2024\n \nValiRx PLC\n \n(\"ValiRx\" or the \"Company\")\n \nInaphaea Contract Award\n \nLondon, UK - ValiRx Plc (AIM: VAL), a life science company focusing on early-stage cancer therapeutics and women's health, provides the following update from its wholly owned subsidiary Inaphaea BioLabs Limited (\"Inaphaea\").\nInaphaea is pleased to confirm the execution of a revenue-bearing contract for the provision of Patient Derived Cell (\"PDC\") based services with a new client; a US-based biotech company. The contract is a multi-stage project and encompasses analysis and provision of RNA data, acquired as part of the scientific package from Imagen Therapeutics, in addition to bespoke cell-based screening in the laboratory. This initial phase of work will commence immediately, and the project is structured to build a long term working relationship with the client with scope to include potential future material revenue generation.\nAndrew Carnegie, Head of Strategic Commercial Development at Inaphaea, commented \"It's encouraging to have secured this contract in the exciting area of immuno-oncology, which will be a great opportunity to showcase our skills and leveraging our PDCs in this area. \n\"The US biotech market is a strong location to seek clients for Inaphaea and this contract is a positive step towards establishing our brand in further geographical regions\".\nThe 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 it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (\"UK MAR\"). The Directors of the Company take responsibility for this announcement.\n \n*** ENDS ***\nFor more information, please contact:\n \n\n\n\n\nValiRx plc\n \nDr Suzanne Dilly, CEO\n \n \n\n\nTel: +44 (0) 2476 796496\nwww.valirx.com\[email protected]\n \n \n\n\n\n\nV Formation (Public Relations)\n \nLucy Wharton - Senior PR Executive\nSue Carr - Director\n \n\n\n+44 (0) 115 787 0206\nwww.vformation.biz\n \[email protected]\[email protected]\n\n\n\n\nCairn Financial Advisers LLP (Nominated Adviser)\n \nLiam Murray/ Ludovico Lazzaretti\n \n\n\nTel: +44 (0) 20 7213 0880\n\n\n\n\nShard...