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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 19.50p
Change Today:
-0.50p
Market Cap:
130.82m
Sector:
Health Care Equipment & Services

Open Orphan secures €900,000 contract with existing customer

By Iain Gilbert

Date: Wednesday 14 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Pharmaceutical services company Open Orphan has secured a new contract win with an unnamed existing customer.
Open Orphan said on Wednesday that the new contract would be worth roughly €900,000 to the company and would see it undertake clinical trial management for the client at its Breda, Netherlands office.

Chairman Cathal Friel said: "This new contract win demonstrates the ongoing and continued success of our Breda office which continues to sign multiple contracts and only those close to 1.0m and above are announced.

"Our Breda office is getting more and more integrated with our London business, and the entire Open Orphan group is excelling as the global leader in the testing of vaccines, anti-virals and other infectious disease therapeutics."

Separately, Open Orphan said its hVIVO subsidiary was continuing to work with the UK Government in order to inoculate up to 20 further volunteers as part of the world's first Covid-19 characterisation study.

As part of the characterisation study, researchers aim to identify a dose of Covid-19 that causes "a safe and reliable infection" in unvaccinated volunteers, with the study expansion due to commence as soon as "appropriate regulatory approvals and clinical preparations" were complete.

Revenue from the contract was also expected to be recognised in the current financial year.

As of 0910 BST, Open Orphan shares were up 4.75% at 26.45p.

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 19.50p
Change Today -0.50p
52 Week High 45.00p
52 Week Low 18.90p
Volume 1,860,438
Shares Issued 670.86m
Market Cap 130.82m
Beta 1.16

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 26-Nov-2021

Time Volume / Share Price
16:26 16,000 @ 19.25p
16:24 20,500 @ 19.24p
16:24 5,130 @ 19.49p
15:52 5,338 @ 19.35p
15:36 42,500 @ 19.22p

Open Orphan Key Personnel

CFO Leo Toole