Venn Life Sciences, a subsidiary of Irish-led vaccine research firm Open Orphan, has signed a million-euro contract renewal with an unnamed global pharmaceutical client.
The contract – worth worth £1.5m (around €1.7m) over two years – will commence in January 2022, with Venn helping the global pharma giant to study how drugs affect the body.
Open Orphan is led by Irish entrepreneur Cathal Friel and joined the Dublin and London stock exchange in 2019 after a reverse takeover of Venn, a clinical trials group that was already listed in London.
Open Orphan (LON:ORPH) was founded in 2017, with the goal of rapidly building Europe’s leading pharma services company by a management team with extensive industry and financial expertise. The company comprises of two commercial specialist CRO services businesses (Venn Life Sciences and hVIVO) and is also developing a genomics data platform business (Genomic Health Data).