HVIVO posts record revenue amidst growing demand for vaccine trials

Pharmaceutical clinical trial firm hVIVO has posted a 52% revenue growth and a doubling of its earnings as the company released its six month interim results.

The group’s EBITDA margin also increased by 19%, as it took in earnings of £5.2m (€6m) before interest, taxes, depreciation and amortization.

The company stateed that it works with four of the top ten biopharma companies in the world, with 11 separate human challenge models within its arsenal. It has three clinics in which it conducts human trials.

hVIVO plc (formerly Open Orphan plc) 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.

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