Open Orphan signs new 2-year contract with a tier 1 German pharmaceutical company

Open Orphan plc (LON:ORPH), a rapidly growing specialist CRO pharmaceutical services company which is the world leader in the testing of vaccines and antivirals using human challenge clinical trials, has announced a new 2-year contract with a tier 1 German pharmaceutical company which is one of Europe’s top research-driven pharmaceutical companies.  

The contract guarantees annual revenue, for the next two years, with work under the contract to commence this month. The contract will see the Venn Life Sciences, part of Open Orphan plc, Breda office in the Netherlands, build upon its strong existing relationship with this German pharmaceutical company.

This contract is an extension of the relationship built with the leading German pharmaceutical company. The new contract is in addition to the work currently undertaken by Venn, to the client, providing support in quantitative sciences (pharmacokinetics and pharmacometrics) as well as earlier stage projects.

As pharmacometric analysis is becoming an ever more important part of regulatory submissions, the Venn team in Breda is increasing its specialisation with the ambition of becoming the European leader in pharmacometric analysis.

Cathal Friel, Executive Chairman, Open Orphan, said:

“Open Orphan’s subsidiaries continue to excel, highlighting the well-rounded expertise of the group and in turn maximising shareholder value. This contract delivers on a number of our ambitions, it is a large multi-year contract generating recurring revenues, it is with a large partner and it utilises our expertise in pharmacometric analysis.”

“This new contract further demonstrates Open Orphan’s ability to execute on its significant pipeline of contracts with major pharmaceutical business. It also demonstrates Venn Life Sciences position as a market leader in its field.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Open Orphan PLC

More articles like this

Open Orphan Plc

Open Orphan pharmaceutical company expands Covid-19 trial

Pharmaceutical services company Open Orphan is expanding its Covid-19 challenge study, inoculating up to 20 further volunteers. The government-funded trial, which is being carried out with subsidiary hVivo, involves deliberately infecting people with Covid in a controlled setting to see

Open Orphan Plc

Open Orphan subsidiary signs contract for antiviral study

Clinical research organisation (CRO) Open Orphan has announced that its subsidiary hVIVO has signed a contract with AIM ImmunoTech to test its antiviral candidate, Ampligen, against the human Rhinovirus HRV, or common cold, and influenza, in a single

Open Orphan Plc

Open Orphan signs significant contract with AIM IT to test Ampligen

Open Orphan plc (LON:ORPH), a rapidly growing specialist pharmaceutical services clinical research organisation (CRO) and world leader in vaccine and antiviral testing using human challenge clinical trials, has announced that hVIVO, a subsidiary of Open Orphan plc, has signed

Open Orphan Plc

Don’t be afraid of the FDA

The Food and Drug Administration (FDA) is an agency within the U.S. Department of Health and Human Services. It is the US Agency responsible for the regulation of drugs and biologics, including, vaccines for humans, blood and blood

Open Orphan Plc

Open Orphan launches infectious disease spinout

Clinical research organisation (CRO) Open Orphan has launched a spin-out organisation targeting the infectious disease market. Biotech Poolbeg Pharma has been created in the wake of the Covid-19 pandemic and builds upon Open Orphan’s experience and knowledge of

Open Orphan Plc

Open Orphan on Covid-19 and studying the virus

The MedTalk’s Reece Armstrong speaks to Cathal Friel, chairman and co-founder of Open Orphan, about the company’s involvement in setting up the first human challenge study model for Covid-19 and the importance of studying the virus during the