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Diaceutics PLC - Belfast-based testing laboratories company - Wins a three-year enterprise contract with an unnamed ‘top 10 global pharmaceutical company’ based in the US. Says the contract will bring in $10.1 million in revenue over its term, with options to ‘significantly’ increase its scope and value. Revenue will be recognised monthly, with immediate effect. Says revenue will be recognised on a monthly basis. It will deliver a range of subscription data services via its DXRX platform. Chief Innovation Officer Ryan Keeling says: ‘The strength of our growing pipeline of new enterprise-level contracts highlights the progress made in becoming the primary commercialisation partner for pharma or biotech companies launching a new precision medicine.’ Current stock price: 91.50 pence each, up 14% on Monday morning in London 12-month change: down 17% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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