hVIVO reports higher revenues and earnings for 2023, strong orderbook ahead

Healthcare company hVIVO, formerly Open Orphan, has reported higher revenues and earnings for 2023 and said it had a robust orderbook for this year.

The company – which tests infectious and respiratory disease products using human challenge clinical trials – said its revenues for the year rose by 16% to £56m from £48.5m.

hVivo said its profit before income tax rose to £11.147m from a pre-tax loss of £365,000 in 2022.

EBITDA for the year to the end of December jumped by 44% to £13m from £9.1m in 2022, while its adjusted basic EPS increased 32% to 1.27 pence per share, up from 0.96 pence the previous year.

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.

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