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Open Orphan PLC (ORPH)

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Monday 25 November, 2019

Open Orphan PLC

Early adopters signed for Genomic Health DataBANK

RNS Number : 4434U
Open Orphan PLC
25 November 2019
 

25th November 2019

Open Orphan plc

("Open Orphan" or the "Company")


Early adopters signed for Genomic Health DataBANK

 

Open Orphan, a European-focussed, rare and orphan drug consulting services platform, is pleased to announce it has signed five pharmaceutical and biotechnology companies as early adopters of its Genomic Health DataBANK platform. The platform is expected to be completed and rolled out in Q1 2020.

The five companies signed up to the Genomic Health DataBANK platform will ensure the database is 'fit-for-purpose' from a pharmaceutical and data analysis perspective ahead of the first patient data upload. This builds upon our previously announced collaboration with Empiric Logic who will work with the Company to complete the platform.

In conjunction, Open Orphan is working to finalise early adopter agreements with several Patient Advocacy Groups, who will make their patients aware of Open Orphan's Genomic Database.  The Company hopes to make an announcement on this front shortly.

These strategic agreements will allow Open Orphan to deliver on its objective to build Europe's first rare disease, advocacy-led genomic database which will empower patients to directly drive research into their own respective disease.

Maurice Treacy, Chief Commercial Officer of Open Orphan commented:

"We are very excited to be working with these leading pharmaceutical and biotechnology companies on our market leading DataBANK. The Genomic Health DataBANK, which makes extensive use of AI tools, is an innovative research tool for pharmaceutical companies, and we are excited by its potential when launched in early 2020. We believe the DataBANK can ignite research for new diagnostic tools and therapeutic products for rare disease patients."

 

Enquiries:

Open Orphan plc Tel: +353 1 644 0007
Cathal Friel, Chief Executive Officer

Arden Partners (Nominated Adviser and Joint Broker) Tel: +44 (0)20 7614 5900
John Llewellyn-Lloyd / Ruari McGirr / Benjamin Cryer

Davy (Euronext Growth Adviser and Joint Broker) Tel: +353 (0)1 679 6363
Anthony Farrell (Corporate Finance)

Camarco (Financial PR) Tel: +44 (0)20 3757 4980
Tom Huddart / Dan Sherwen

 

Notes to Editors on Open Orphan:

Open Orphan plc is a European-focused, rare and orphan drug consulting services platform. The Company intends to roll up a number of orphan drug services businesses. Open Orphan has two data driven digital platforms, a Genomic Health Data Platform, which is establishing a rare disease database and a Virtual Rep platform, enabling pharmaceutical companies to engage key opinion leaders and physicians. The Company is targeting rapid growth in one of the fastest growing sectors in the global pharmaceutical industry targeting under-supplied treatment for life threatening or very serious diseases and rare disorders.

 


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