Specialist pharmaceutical services clinical research company Open Orphan said its hVIVO subsidiary has signed a £5.1m contract with a biopharmaceutical company to use its respiratory syncytial virus (RSV) human challenge study model.
The study is due to start in the second half of 2022, with the revenue from the contract being recognised across 2021 and 2022.
hVIVO will conduct this study on behalf of the biopharmaceutical client to demonstrate the efficacy of its IMP against RSV infection.
Open Orphan (LON:ORPH) was founded in 2017, with the goal of rapidly building Europe’s leading pharma services company by a management team with extensive industry and financial expertise. The company comprises of two commercial specialist CRO services businesses (Venn Life Sciences and hVIVO) and is also developing a genomics data platform business (Genomic Health Data).