Trading update

RNS Number : 7125E

Diaceutics PLC

08 July 2019

 

8 July 2019

Diaceutics PLC

("Diaceutics" or the "Company")

Trading update

Diaceutics PLC (AIM: DXRX), a provider of data analytics and implementation services to the global pharmaceutical industry, announces a trading update for the six months ended 30 June 2019.  Trading has continued in line with market expectations and the Company remains well positioned in key markets, underpinned by a strong sales performance. 

An increased international footprint has enhanced Diaceutics' global offering and allowed the Company to acquire new international clients.  The Nexus project is progressing as planned.

All outstanding debt has now been retired from the balance sheet resulting in net cash of £14.0m.

The Group's interim results are expected to be announced in early September. 

Enquiries:

Diaceutics PLC	www.diaceutics.com
Peter Keeling, Chief Executive Officer	via Walbrook PR
Philip White, Chief Financial Officer
Cenkos Securities plc (Nominated adviser and broker)			[phone]
Callum Davidson / Giles Balleny
Michael Johnson (Sales)
Walbrook PR	Tel: [phone] or [e-mail]
Anna Dunphy		Mob: [phone]
Paul McManus		Mob: [phone]

About Diaceutics

Diaceutics PLC is a leading diagnostics data analytics and implementation services provider for global pharmaceutical companies.  The Company, quoted on the Alternative Investment Market (AIM) of the London Stock Exchange, is enabling pharma to accelerate their market penetration and achieve a better return on precision medicine therapies by helping them to revolutionise patient testing.  By generating insights from its data lake of clinical laboratory testing data and other data, Diaceutics helps pharma understand and leverage the diagnostic landscape through initiatives that improve patient testing, leading to better treatment outcomes.  The Company works with more than 30 global pharmaceutical companies across hundreds of precision medicine projects.  The Company employs a leading global group of experts from the laboratory, diagnostic and pharmaceutical industries.  www.diaceutics.com 

 

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