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Prices & Quotes - UK Markets - Open Orphan (ORPH)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 18.00p
Change Today:
-0.26p
Market Cap:
120.75m
Sector:
Health Care Equipment & Services

Open Orphan subsidiary scores 'significant contract' with AIM ImmunoTech

By Iain Gilbert

Date: Friday 09 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Clinical research organisation Open Orphan's hVIVO subsidiary has signed "a significant contract" to test AIM ImmunoTech's antiviral candidate, Ampligen.
Open Orphan said nVIVO will use both the human Rhinovirus HRV and Influenza human challenge study models as part of a single study on the drug.

With a Phase II human challenge trial expected to commence in the fourth quarter of 2021, Open Orphan anticipates that the majority of revenues from the contract will be recognised in the current trading year.

The AIM-listed group also stated that it expects to sign more contracts in the same area due to the increased international focus on respiratory and infectious diseases following the outbreak of Covid-19.

Chairman Cathal Friel said: "Being able to test our client's product against multiple pathogens in a single study demonstrates our capability of our state-of-the-art London unit, our industry-leading experience, and our position as the go-to provider of human challenge studies for biotech and pharmaceutical companies globally.

"Fortunately, with our access to three challenge study clinics in London, we were able to find a small gap in our schedule later this year to slot this particular study in at short notice."

As of 1020 BST, Open Orphan shares were up 9.00% at 27.25p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Open Orphan Market Data

Currency UK Pounds
Price 18.00p
Change Today -0.26p
52 Week High 45.00p
52 Week Low 16.86p
Volume 3,710,151
Shares Issued 670.86m
Market Cap 120.75m
Beta 1.10

Performance Indicators

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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Open Orphan Dividends

No dividends found

Trades for 01-Dec-2021

Time Volume / Share Price
16:09 1,313 @ 17.50p
16:09 15,000 @ 18.33p
16:08 25,000 @ 18.40p
16:08 15,000 @ 18.00p
16:07 1,994 @ 17.50p

Open Orphan Key Personnel

CFO Leo Toole