VirtualScopics, Inc. And IXICO plc Open Operations And Business Development
Office In New Hope, PA
ROCHESTER, N.Y. and LONDON, June 30, 2014
ROCHESTER, N.Y. and LONDON, June 30, 2014 /PRNewswire/ --VirtualScopics, Inc.
(NASDAQ: VSCP), a leading provider of clinical trial imaging solutions, and
IXICO plc (AIM: IXI), the brain health company, announced today they are
jointly leasing 2,190 sq. ft. of office space in New Hope, Pennsylvania,
strategically located within the big pharma corridor that runs through New
Jersey and Pennsylvania. The office will be located at 220 Union Square Drive,
located within the Union Square office complex in New Hope. Staffing for the
office will begin immediately.
"This new office will establish a presence for the international commercial
and operational alliance VirtualScopics and IXICO have formed," explained Erik
Jensen, Vice President, Global Business Development and Marketing of
VirtualScopics. "It is in close proximity to many of our respective large
pharma clients, including one of the two new customers VirtualScopics recently
won awards from this year who are among the top 15 big pharma organizations.
Opening this office together is an important initiative of our strategic
alliance, and will allow us to work collaboratively, side by side with our
colleagues at IXICO on numerous pharma projects. The New Hope office will
provide a base of operations for project managers to meet with clinical trial
managers, members of the business development team to meet with new and
existing clients, as well as for human resource personnel to recruit new
talent to support our clients' upcoming clinical trials."
"IXICO is delighted to be sharing the New Hope office with VirtualScopics.
This provides IXICO's first premises in North America in a location close to
many of our pharmaceutical customers," commented John Hall, Vice President,
Business Development. "This enables us to better serve the needs of our
current and future customers, and facilitates a closer working relationship
within our alliance."
About VirtualScopics, Inc.
VirtualScopics, Inc. (NASDAQ: VSCP)is a leading provider of clinical trial
imaging solutions to accelerate drug and medical device development. For
risk-averse, time-constrained Clinical Trial Study Teams, Medical Directors
and Imaging Scientists who require quality imaging data delivered on-time,
within budget and on a consistent basis, VirtualScopics clinical trial imaging
solutions are an inspired true exception to commonly-accepted services
provided by other clinical trial imaging providers. Because of the scientific
and operational flexibility and responsiveness they can offer, VirtualScopics'
clinical trial imaging solutions deliver special performance advantages
compared to other image service providers that offer common, everyday clinical
trial imaging services. For more information on VirtualScopics, Inc., please
About IXICO plc
IXICO plc (AIM: IXI), the brain health company, was founded in 2004 with a
mission to translate image acquisition, management and analysis technology and
know-how, which the founders had developed together, into commercial products
targeting the expanding area of imaging to inform decision-making during drug
development. This has resulted in commercially successful products being
launched in the clinical trials (Phase 0-III) and experimental medicine
markets and more recently launched into the wider clinical diagnostic market.
Since incorporation, IXICO has been awarded contracts by nine of the top 15
global pharmaceutical companies as well as leading biotechnology companies. In
October 2013, IXICO plc was admitted to trading on AIM. More information is
available at www.ixico.com
The statements contained in this press release that are not purely historical
are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, and are intended to be covered by the safe harbors
created thereby. These forward-looking statements include, but are not limited
to, statements regarding the expected benefits of the Company's investment in
infrastructure and new customer contract signings and awards and/or statements
preceded by, followed by or that include the words "believes," "could,"
"expects," "anticipates," "estimates," "intends," "plans," "projects,"
"seeks," or similar expressions. Forward-looking statements deal with the
Company's current plans, intentions, beliefs and expectations. Investors are
cautioned that all forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those in the
forward-looking statements. Many of these risks and uncertainties are
discussed in the Company's Annual Report on Form 10-K for the fiscal year
ended December 31, 2013 filed with the Securities and Exchange Commission (the
"SEC"), and in any subsequent reports filed with the SEC, all of which are
available at the SEC's website at www.sec.gov. These include without
limitation: the risk of cancellation or delay of customer contracts or
specifically as it relates to contract awards, the risk that they may not get
signed. Other risks include the company's dependence on its largest customers
and risks of contract performance, protection of our intellectual property and
the risks of infringement of the intellectual property rights of others. All
forward-looking statements speak only as of the date of this press release and
the Company undertakes no obligation to update such forward-looking
VirtualScopics, Inc. Contact Information:
Donna N. Stein, APR, Fellow PRSA
Donna Stein & Partners
IXICO plc Contact Information:
Derek Hill, Chief Executive Officer
John Hall, Vice President, Business Development
Charles Spicer, Vice President, Corporate Development
+44 203 763 7499
U.K. Headquarters: Griffin Court, 15 Long Lane, London ECI, United Kingdom
U.S. Office: 220 Union Square Drive, New Hope, Pennsylvania, USA
SOURCE VirtualScopics, Inc.
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