Hvivo (HVO)

Sector:

Health Care

Index:

FTSE AIM All-Share

28.50p
   
  • Change Today:
      0.60p
  • 52 Week High: 30.60p
  • 52 Week Low: 18.00p
  • Currency: UK Pounds
  • Shares Issued: 680.37m
  • Volume: 1,724,303
  • Market Cap: £193.91m

Open Orphan wins £7.2m contract for RSV human study

By Josh White

Date: Tuesday 14 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Contract research organisation Open Orphan announced on Tuesday that iits subsidiary hVIVO has signed a £7.2m contract with an existing global pharmaceutical company to test its orally-administered antiviral product using its human challenge study model for respiratory syncytial virus (RSV).
The AIM-traded firm said the phase 2a double-blinded placebo-controlled human challenge study would take place at its specialist quarantine facilities in Whitechapel, and would evaluate the safety and efficacy profile of the antiviral against RSV.

It said the study would start in June, with the revenue being recognised in 2022 and 2023.

As part of the study, hVIVO would recruit healthy volunteers via its dedicated volunteer recruitment arm, FluCamp.

The client's antiviral was currently in phase 3 clinical trials for another infectious disease indication, with the client set to use human challenge to assess the efficacy of the drug candidate against RSV "quickly and efficiently".

Open Orphan said the repeat business from the "top five" global pharmaceutical company underlined its expertise and ability to attract additional contracts from existing big pharma clients.

"We're delighted to be working with this top five global pharmaceutical client again to test their antiviral candidate using the hVIVO RSV human challenge study model," said chief executive officer Mo Khan.

"I am especially proud that our world-class offering and customer service has secured repeat business from another big pharma client, and that we are seen as the 'go-to' partner for an increasing number of global drug developers.

"The client's drug has already been shown to be an effective antiviral in certain disease indications, and we're pleased to now test its efficacy against RSV infection."

At 1516 BST, shares in Open Orphan were up 2.04% at 12.5p.

Reporting by Josh White at Sharecast.com.

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Hvivo Market Data

Currency UK Pounds
Share Price 28.50p
Change Today 0.60p
% Change 2.15 %
52 Week High 30.60p
52 Week Low 18.00p
Volume 1,724,303
Shares Issued 680.37m
Market Cap £193.91m

Hvivo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
95.74% below the market average95.74% below the market average95.74% below the market average95.74% below the market average95.74% below the market average
65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average65.71% below the sector average
Price Trend
78.19% above the market average78.19% above the market average78.19% above the market average78.19% above the market average78.19% above the market average
94.59% above the sector average94.59% above the sector average94.59% above the sector average94.59% above the sector average94.59% above the sector average
Income
94.38% below the market average94.38% below the market average94.38% below the market average94.38% below the market average94.38% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average52.34% above the market average
72.22% above the sector average72.22% above the sector average72.22% above the sector average72.22% above the sector average72.22% above the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
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Hvivo Dividends

  Latest Previous
  Final Special
Ex-Div 18-Apr-24 04-May-23
Paid 20-May-24 09-Jun-23
Amount 0.20p 0.45p

Trades for 31-Oct-2024

Time Volume / Share Price
16:37 275 @ 28.50p
16:20 71,610 @ 28.25p
16:16 7,150 @ 28.40p
15:56 3,469 @ 28.65p
14:48 150,000 @ 28.15p

Hvivo Key Personnel

CEO Yamin Mo' Khan

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