(CRX) Cyprotex
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| 12-01-12 | RNS |
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RNS Number : 4077V Cyprotex PLC 12 January 2012 12 January 2011
Cyprotex ("Cyprotex" or "the Company" or "the Group")
Pre-Closed Trading Update
Cyprotex (LSE:CRX), the drug discovery ADME Tox services and information company, provides the following pre-closed trading update for the year ending 31 December 2011 ahead of its preliminary results on 22nd March 2012.
Current Trading
Revenues for 2011 are expected to be in line with market expectations with an increase of over 30% on 2010 revenues following a strong second half performance from both our UK and US sites in both ADME and Toxicity service areas. We have added several new strategic pharmaceutical, biotech and Governmental customers during the year for our higher throughput offerings which has contributed to a robust margin performance for 2011. We consider this to be an excellent performance in a challenging market for the pre-clinical research services sector and our competitors.
The Company has remained cash generative with cash in hand at the year end in excess of expectations at £1.1M vs £1.04M for 2010, notwithstanding significant investment in new technologies during the year.
Operational Update and Investment Programme
During 2011, we successfully overcame the loss of our largest customer, by growing many of our existing customers and securing new business. As a consequence, we reduced our dependence on our single largest customer, which in 2011 accounted for 13% of revenues, compared to over 35% in 2008.
We have been delighted by the uptake of our CellciphrTM high content toxicology assays and have continued to invest in new assays which now, in combination, contribute significantly to our service revenues.
We are also pleased with the customer uptake in our new (genomic) gADMETM service offering announced in October.
Work has commenced in the near doubling our facilities (from 4,400 sq ft to 8200 sq ft) at our Watertown (US) site and we expect completion in early Q1 2012.
We have also enhanced our sales team and now have a full complement of experienced sales specialists in all our operating territories.
Tony Baxter, Chief Executive of Cyprotex, said:
"I am very pleased with the resilient performance in 2011 and that our investment in R&D has resulted in high customer acceptance and financial success. We look forward to 2012 with confidence and to providing a full update of the Company's performance with the final results in March."
For further information:
Notes to Editors:
Cyprotex PLC
Cyprotex is the world's largest contract research organisation (CRO) specialising in ADME Tox, which is the analysis of the Absorption, Distribution, Metabolism, Excretion, and Toxicity properties of potential drugs, cosmetics, and agrochemicals. It is the only company in the world with in-house capabilities for both in vitro (test tube) and in silico (computer modelling) ADME Tox. Cyprotex was founded in 1999 and listed on the AIM in 2002. It has laboratories in Macclesfield, Cheshire, UK (near Manchester), and Watertown, Massachusetts, USA (near Boston), making it one of only three ADME Tox CROs with international operations.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 16-12-11 | RNS |
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RNS Number : 0992U Cyprotex PLC 16 December 2011 PRESS RELEASE
Sygnature Discovery and Cyprotex Extend Successful Strategic Alliance for a Further Two Years
Nottingham and Macclesfield, UK - 16th December 2011 - Sygnature Discovery Ltd., a leading provider of integrated drug discovery services to the pharmaceutical industry, and Cyprotex Discovery Ltd., the world's largest specialist ADME-Tox/PK pre-clinical discovery and development CRO, today announced they have entered into an extension of their highly successful strategic alliance for a further 2 years. Under the terms of the extension of the agreement, Sygnature and Cyprotex will expand their collaborative sales and marketing initiative to provide a fully-integrated discovery chemistry/ADME-Tox/DMPK service to accelerate their clients' drug discovery projects into development.
Dr Anthony Baxter, Chief Executive Offer at Cyprotex said, "We are delighted to have extended our strategic alliance with Sygnature. The quality of their work and their desire to help customers achieve scientific success has enabled both of us to form a formidable combined offering in medicinal chemistry-driven integrated drug discovery and ADME-Tox services. Since we commenced this relationship there have been several changes to both companies. Both Sygnature and Cyprotex have expanded considerably, with Cyprotex acquiring Apredica, a Boston based ADME-Tox specialist CRO and the assets of Cellumen Inc, through which Cyprotex can now offer proprietary high content toxicology assays under the Cellciphr® brand name. Sygnature have grown organically over the past two years and recently announced the formation of a strategic alliance with Saretius Limited, a pre-clinical experimental services company offering 'gold standard' models in pain, CNS disorders, inflammatory and metabolic diseases. Our experience with Sygnature over the past year has led us both to conclude that we can successfully deliver integrated drug discovery services to our customers, and we wish to strengthen this offering in the future."
Commenting on the partnership Dr Simon Hirst, Sygnature's CEO said, "We have found the strategic alliance with Cyprotex to be highly beneficial to our clients over the past two years. Working with Cyprotex is a key component of our portfolio of pre-clinical services as we have grown and expanded to offer our clients integrated drug discovery services. Cyprotex has an enviable reputation as a CRO which provides premium ADME-Tox/DMPK services, so I am delighted that we will continue working together for two more years to offer our clients an exceptional, fully-integrated drug discovery service. At Sygnature, we strongly believe that modern drug discovery requires the marriage of medicinal chemistry, biology, in vitro ADME and disease-specific models. Our team of over 50 medicinal chemists are experienced in using ADME data to drive programmes forward into proof-of-concept studies. Over the past four years, Sygnature and Cyprotex have collaborated on a number of drug discovery programmes for clients. We have a dedicated project manager at Cyprotex focused on our clients' projects, and scientists from both organisations have established a very close working relationship. I am confident that future customers will see the benefits of working with Sygnature, Cyprotex and Saretius, acknowledged centres of excellence in their particular fields, to accelerate their drug discovery programmes forward into development."
About Sygnature Discovery Limited Sygnature Discovery is a leading UK-based provider of integrated drug discovery services. Sygnature employs over 50 laboratory-based medicinal chemists and bioscientists (in vitro biologists) in a modern, purpose-built facility in BioCity Nottingham. Most of these scientists have PhDs and many have 10-22 years drug discovery experience with companies such as AstraZeneca, Pfizer, Merck and OSI Pharmaceuticals. Sygnature's industry-experienced team adds considerable value to clients' discovery activities by undertaking complete drug discovery programmes and key elements of the drug discovery process, such as hit finding, hit-to-lead and lead optimisation. Sygnature's scientists also provide significant intellectual input into clients' projects; thereby generating novel intellectual property. Key areas of expertise include medicinal chemistry, bioscience, molecular modelling, ADME/toxicity (through a strategic alliance with Cyprotex Discovery) and pre-clinical experimental services (through a strategic alliance with Saretius). For more see www.sygnaturediscovery.com .
About Cyprotex PLC Cyprotex is based in Macclesfield, near Manchester in the UK, and Watertown, Boston in the US and is listed on the AIM market of the London Stock Exchange (CRX). The company was established in 1999 and works with more than 600 partners ranging from small biotechs to large pharma companies. Cyprotex acquired Apredica and the assets of Cellumen Inc. in August 2010 and the combined business provides support for a wide range of experimental and computational ADME-Tox and PK services, extending from early drug discovery through to IND submission. The company's core capabilities include high quality in vitro ADME screening services, mechanistic toxicology and high content toxicology screening services and predictive modelling using PBPK and QSAR techniques, including Cloe® PK for in vivo PK prediction. For more information, see www.cyprotex.com.
Contacts:
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 09-11-11 | RNS |
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RNS Number : 6885R Cyprotex PLC 09 November 2011 9 November 2011
Cyprotex PLC
Cyprotex Improves Predictive Technology for Pharmacokinetics
Major Upgrade to Cloe® PK Pharmacokinetic Model
Cyprotex PLC (AIM:CRX), the preclinical ADME-Tox services company, today announces major enhancements to Cloe® PK, Cyprotex's pharmacokinetic prediction software.
Cloe® PK™ enables scientists in the drug discovery and agrochemical industries to use ADME and physicochemical data to predict human and rodent pharmacokinetics (process by which a drug is absorbed, distributed, metabolised, and eliminated by the body). These predictions allow prospective compounds to be ranked and prioritised for success potential prior to or even without the need for expensive and time-consuming in vivo studies. Cloe® PK has already been shown to predict aspects of human pharmacokinetics better than extrapolation from animal in vivo studies.
Twenty-seven key parameters are used to measure Cloe® PK's performance. The enhancements to Cloe® PK have improved accuracy on 16 of these 27 parameters. These parameters summarise the model's capability to predict aspects of human and rodent pharmacokinetics, including clearance, distribution, half-life, and oral absorption.
Several of the enhancements were facilitated through collaboration with one of Cyprotex's major clients who provided Cyprotex with a large in vivo dataset for building and testing the improvements to the model.
Cloe® PK is available either as a site license, or on an as-needed basis via Cyprotex's online portal, Cloe® Gateway (www.cloegateway.com).
Cyprotex's Chief Scientific Officer, Dr Katya Tsaioun, comments: "Cyprotex is the only ADME Tox contract research organisation with in-house expertise in both in vitro and in silico ADME and has a unique capacity to help clients understand the relationship between in vitro data, in silico predictions, and in vivo performance*. Cyprotex continues to refine the Cloe® PK software and this latest enhancement increases the model's reliability and usability. Cloe® PK speeds up the process of selecting compound candidates to create a drug and it reduces the need for expensive and time-consuming animal pharmacokinetic studies."
* in vitro - in tube; in silico - computer generated; and in vivo - in animal
For more information, see http://www.cyprotex.com/cloepredict/physiological_modelling/cloe-pk/ .
For further information:
Notes to Editors:
Cyprotex PLC
Cyprotex is the world's largest contract research organisation (CRO) specialising in ADME Tox, which is the analysis of the Absorption, Distribution, Metabolism, Excretion, and Toxicity properties of potential drugs, cosmetics, and agrochemicals. It is the only company in the world with in-house capabilities for both in vitro (test tube) and in silico (computer modelling) ADME Tox. Cyprotex was founded in 1999 and listed on the AIM in 2002. It has laboratories in Macclesfield, Cheshire, UK (near Manchester), and Watertown, Massachusetts, USA (near Boston), making it one of only three ADME Tox CROs with international operations.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 07-11-11 | RNS |
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RNS Number : 5640R Cyprotex PLC 07 November 2011 7 November 2011
Cyprotex PLC
Expansion of US Facility
Cyprotex Doubles the Size of Its US Facility to Meet Growing Demand
Cyprotex PLC (AIM:CRX), the preclinical ADME-Tox services company, today announces a major expansion of its US-based facility in Watertown, near Boston in Massachusetts. In January 2012, the facility for Cyprotex's US operations will be increased from 4,400 sq ft to 8,200 sq ft.
The facility expansion is driven by strong demand in North America for Cyprotex's services and an increasing worldwide demand for the specialty in vitro toxicology services provided by the Watertown facility, in particular, Cyprotex's CellCiphr™ High Content Toxicology service.
The original facility was acquired as part of the August 2010 acquisition of Apredica. Since that time revenues for the facility have more than doubled and are continuing to increase steadily. In the first half of 2011, revenues for the US site were £1.27 million; compared £0.53 million for the same period in 2010.
Dr. Tony Baxter, Cyprotex's Chief Executive Officer, comments: "Cyprotex's increasingly acute need to expand the Watertown facility is the consequence of a series of successful strategic efforts, including our entry into the in vitro toxicology market. In 2011, we have continued to focus on growth, most recently with the launch of our new genomic ADME service, gADME™, which allows tailored dosage regimens of drugs based on genetics. This new service opens new commercial possibilities for compounds that historically may have had to be discontinued from development. With this new technology, Cyprotex is bringing personalised medicine into discovery programmes."
Dr. Katya Tsaioun, Cyprotex's Chief Scientific Officer, comments: "Due to the increasing problems the pharmaceutical industry is having with toxicity, we anticipate growing demand for Cyprotex's in vitro toxicology services. These services allow drug discovery companies to remove toxic compounds from development earlier and at a lower cost than traditional methods. We are still in the early stages of a technological revolution regarding toxicology that is similar to the revolution seen in ADME. Before then, 40% of drugs failed in clinical trials due to ADME reasons. Now that figure is 7% and falling. This application of in vitro technologies to the ADME problem was arguably the greatest efficiency improvement in drug development in the last decade. Our extended facilities will allow us to be at the forefront of applying in vitro technologies to the toxicity problem, which we believe will be the greatest efficiency improvement of this decade."
For further information:
Notes to Editors:
Cyprotex PLC
Cyprotex is the world's largest contract research organisation (CRO) specialising in ADME Tox, which is the analysis of the Absorption, Distribution, Metabolism, Excretion, and Toxicity properties of potential drugs, cosmetics, and agrochemicals. It is the only company in the world with in-house capabilities for both in vitro (test tube) and in silico (computer modelling) ADME Tox. Cyprotex was founded in 1999 and listed on the AIM in 2002. It has laboratories in Macclesfield, Cheshire, UK (near Manchester), and Watertown, Massachusetts, USA (near Boston), making it one of only three ADME Tox CROs with international operations.
This information is provided by RNS The company news service from the London Stock Exchange More |
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Buy
Possitive Update
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Nice possitive update.. Looks like 2012 is going to be the year
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http://www.theshedend.com/topic/19000-a-tragic-tale-of-a-harlequins-rugby-hope-jack-brennan/
Epetheloid Sarcoma..the type that Jack Brennan is suffering from, is currently being treated with 'new' experimental drugs in conjunction with chemo therapy at the Royal Marsden under the care of Prof. Ian Juddson, Britain's foremost oncologist in this sphere. http://www.ecancermedicalscience.com/tv/most-viewed.asp?play=63&cid=0&scid=0&q= ValiRx's GeneICE technology has been developed for silencing rebellious genes, which cause conditions such as cancer and various neurological problems. The 'sarcomas' or soft tissue cancers could also be targeted by the drugs being developed by VALiRx Imperial College, University of London, has been working in collaboration with ValiRx and is currently carrying out the late pre-clinical development of ValiRx's lead therapeutic, VAL101 with funding awarded from the Eurostars scheme. The company announced that stability and toxicology studies are currently underway. The production of the VAL101 compound is going to plan and has been optimised and simplified, which by extension makes the compound cheaper to produce, thereby adding future value. More on this innovative bio-pharma company.... Hybridan raises target price 3-fold to... 1.66p ! http://www.proactiveinvestors.co.uk/companies/news/37128/ValiRx%20has%20its%20price%20target%20increased%20by%20broker%20Hybridan proactive news/articles: Everyone a 'positive' update http://www.proactiveinvestors.co.uk/LON:VAL/ValiRx/ Video-interview-unlimited potential of GeneICE http://www.proactiveinvestors.co.uk/companies/stocktube/760/satu-vainikka-from-valirx-talks-about-the-unlimited-potential-of-geneice-.html |
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