IXICO PLC, a neuroscience imaging and biomarker analytics firm, saw its shares rise up to 11% after reporting interim results with the highest order book since 2021 at £18.1 million, a 38% increase year-on-year. Revenue grew 23% to £3.9 million in the first half of the year, with improved gross margins driven by more analysis-related work. The order book now covers 95% of the full-year revenue forecast of £7.5 million, with management indicating second-half revenue will meet or exceed expectations. The company is investing in growth strategies targeting Alzheimer's and Parkinson's markets and recently raised £10 million to fund its TechBio platform, which aims to generate recurring revenue through partnerships like the one with Medidata. This positions IXICO for sustained growth from both its core operations and new business ventures.
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