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IXICO

From Wikipedia, the free encyclopedia
(Redirected fromPhytopharm)
UK biotech company

IXICO
Company typePublic limited company
LSE:IXI
IndustryData analytics for clinical research
Founded2004
FoundersProfessors Derek Hill,Daniel Rueckert, David Hawkes and Jo Hajnal
Headquarters
London
,
United Kingdom
Area served
Worldwide
Key people
Charles Spicer (Chairman)
Giulio Cerroni (CEO)
Websitehttps://ixico.com/

IXICO plc is a UKclinical research firm that providesneuroimaging and digital biomarker analytics tobiopharmaceutical firms conducting clinical trials into neurological diseases such asAlzheimer's disease (AD) andHuntington's disease (HD).

Company history

[edit]

IXICO was incorporated in 2004[1] as a spin-out from three London academic institutions:Imperial College London,University College London andKing's College London.[2] The initial 3-year research project was called 'Information eXtraction from Images' (hence the IXI name), and funded by theUK e-science core and other industry partners.[3]

In October 2013, IXICO entered theAlternative Investment Market (AIM) of the London Stock Exchange through areverse takeover of defunct pharmaceutical drug company Phytopharm.[4]

Phytopharm

[edit]

Phytopharm was a Britishpharmaceutical company, incorporated on 28 November 1995. Briefly known as Lawnhale, it changed its name to Phytopharm in March 1996[5] and listed on the London Stock Exchange on 25 April of the same year (LSE:PYM).[6] It announced plans for a secondary listing onNASDAQ in 2004 (NASDAQ:PHYOF).[7] By 2012, the Phytopharm group consisted of a parent company, Phytopharm plc, a wholly owned trading subsidiary, Phytotech Limited, and a dormant subsidiary, Phytodevelopments Limited.[8]

Amongst other activity, Phytopharm raised funds for research into treatment ofParkinson's disease (PD) from sources including theMichael J Fox Foundation,[9] but the company collapsed in 2013 following the failure of its main PD drug (Cogane) during clinical trials.[10] Its shares were suspended from trading on 20 May 2013.[11][12]

References

[edit]
  1. ^Chesters, Laura (24 September 2013)."Independent". Retrieved30 November 2018.
  2. ^Nair, Praseeda (8 August 2006)."growthbusiness.co.uk". Retrieved30 November 2018.
  3. ^"What is IXI?".www0.cs.ucl.ac.uk. Retrieved30 November 2018.
  4. ^"Phytopharm plc to be renamed IXICO plc on admission - London Stock Exchange".www.londonstockexchange.com. Retrieved30 November 2018.
  5. ^"IXICO PLC - Overview (free company information from Companies House)".beta.companieshouse.gov.uk. Retrieved4 December 2018.
  6. ^"Resources".
  7. ^"Phytopharm turns to Nasdaq in search for US investors".The Independent. Retrieved4 December 2018.
  8. ^"Phytopharm PLC Preliminary Results".ADVFN. Retrieved4 December 2018.
  9. ^"Phytopharm turns to Nasdaq in search for US investors".The Independent. Retrieved4 December 2018.
  10. ^"Cogane for Parkinson's Shows No Benefit over Placebo in Clinical Trial".The Michael J. Fox Foundation for Parkinson's Research | Parkinson's Disease. Retrieved4 December 2018.
  11. ^"Phytopharm (PYM) Share Price".ADVFN. Retrieved4 December 2018.
  12. ^"Phytopharm suspends shares pending acquisition | Business Weekly | Technology News | Business news | Cambridge and the East of England".www.businessweekly.co.uk. Retrieved4 December 2018.
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