hVIVO Trading Update: FY23 revenue p 15% to £56m, with EBITDA margin expansion

hVIVO plc released its Trading Update for the 12 months to the 31st of December 2023.

FY23 Highlights:
FY23 revenue up 15% to £56m
EBITDA margin expansion to c.22%
Cash, as at 31 December, of £37.0m (FY22; £28.4m / 1H23: £31.3m)

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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