Full-year Revenue and Profitability
Reported revenue of GBP 46.8m for FY2025 and an operating profit of GBP 1.4m despite headwinds and net acquisition losses of GBP 1.4m, demonstrating underlying profitability in a challenging year.
Strategic Diversification and Rebranding
Completed integration and rebrand under the single hVIVO brand, consolidating services into four service lines (consulting, clinical trials, human challenge trials, laboratory) to offer an end-to-end drug development platform and reduce reliance on HCT alone.
Expansion into Phase I and Broader Clinical Capabilities
Successfully expanded into Phase I work and now offers Phase I–III capabilities, enabling cross-selling (Phase I + HCT combinations) and access to a broader client base across preclinical to Phase III development.
New Commercial Human Challenge Models
Launched contemporary influenza challenge models and the world's only commercial hMPV challenge model, strengthening the company's differentiated HCT offering.
Notable New Contracts and Pipeline Momentum
Announced a new influenza prophylactic antiviral HCT contract (Traws Pharma) with majority of revenue expected in 2026; near-finalization of the multi‑year ILiAD Phase III whooping cough HCT (major revenues expected in 2027).
Acquisitions Delivered and Integrated
Acquisitions completed and integrated: Cryostore (revenue GBP 0.8m; high margin; 90–95% retention) and German clinical research units (revenue GBP 12.3m); group-wide systems and line management realigned.
Laboratory Capability Upgrades
Invested in new lab equipment including Europe’s first digital droplet PCR (Hamilton) and NGS capability to bring previously outsourced services in-house, improving speed, margins and service scope.
Pipeline and Business Development Traction
New proposals up ~50% year-on-year in Q1 2026 and continuing signing of Phase I contracts (~GBP 0.6–1.0m each); guidance for high single-digit revenue growth in 2026 indicates expected recovery.