Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Physiomics shares jump on new contract wins

(Sharecast News) - Shares in Physiomics surged on Thursday after the mathematical modelling company was awarded two contracts, one of which was with a new client.

The group, which supports the development of oncology drugs and personalised medicine solutions, has won its first contract with a new unnamed biotech client in the UK. The contract, worth £125,000, relates to a project in the immune-oncology field, is expected to be completed within this calendar year.

Separately, Physiomics also announced it had won a further contract with existing client Merck for an undisclosed amount. The work, which should complete over the next three months, involves "pre-clinical and clinical modelling and simulation of anti-cancer regimens involving combinations of DNA damage/ repair agents", the company said.

Physiomics has now announced four contract awards in August alone.

The stock was up 21% at 1.18p in afternoon trade.

Share this article

Related Sharecast Articles

De La Rue's £300m authentication unit sale expected to close in May
(Sharecast News) - Banknote printing business De La Rue said on Monday that the £300.0m sale of its authentication business was now expected to close at the beginning of May.
Topps Tiles shares trade lower despite H1 sales growth
(Sharecast News) - Shares in floorings retailer Topps Tiles headed south on Wednesday after it said trading had started slowly in January but stated volumes had begun to improve through February and March.
Peel Hunt FY25 losses seen lower than previously expected
(Sharecast News) - Investment bank Peel Hunt announced on Tuesday that FY25 losses would come in lower than previously expected thanks to cost-cutting efforts made throughout H2.
Hunting secures $38m of new contracts
(Sharecast News) - Precision engineering firm Hunting said on Monday that its subsea technologies arm had secured a number of new contract wins totalling $38.0m.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.