hVIVO plc, a specialist in testing infectious and respiratory disease products using human challenge clinical trials, has reported a 16% increase in revenue for 2023 to £56m.
The company, listed on AIM in London and Euronext in Dublin and led by chairman Cathal Friel, has reported 44% improvement in Ebitda to £13m, and ended the year with cash and cash equivalents of £37m. Adjusted basic earnings per share came in at 1.27p, and a 0.2p per share dividend is being paid.
CEO Dr Yamin ‘Mo’ Khan said growth is due to “increased recognition among Big Pharma and biotech firms of the compelling evidence supporting the efficacy of hVIVO’s human challenge trials in expediting the development of novel vaccines and antivirals”.
hVIVO plc (formerly Open Orphan plc), led by Cathal Friel, is a rapidly growing specialist contract research organisation (CRO) and the world leader in testing infectious and respiratory disease vaccines and antivirals using human challenge clinical trials, providing end-to-end early clinical development services for its broad and long-standing client base of biopharma companies.