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VirtualScopics inks agreement with London brain health company

Rochester Business Journal
June 27, 2014

VirtualScopics Inc. and London-based IXICO plc have signed an alliance framework agreement and master subcontractor agreement, officials announced Friday.

VirtualScopics provides quantitative imaging, specializing in clinical trials. IXICO is a technology company that works with those involved in research and treating serious diseases. Both work with pharmaceutical, biotech and academic industries.

The alliance “brings together two highly aligned organizations, each with a strong track record of supplying imaging services and technologies to global pharmaceutical companies," said Derek Hill, CEO of IXICO in a statement. "By combining our resources with those of VirtualScopics, we can enhance our ability to deliver on the largest clinical trials worldwide across a more diverse range of therapeutic areas."

Supporting global customers is imperative to Brighton-based VirtualScopics, company officials said.

"The alliance enables us to access IXICO's focus on neurology and gives us a European presence, something that will enhance our ability to serve global pharmaceutical clients,” said Eric Converse, interim CEO of VirtualScopics, in a statement. “In addition, the integration of our complementary technologies will allow us to provide more comprehensive and scalable capabilities to our customers."

Other changes at VirtualScopics include the recent appointment of Charles Phelps to chairman of the board of directors. Phelps has been as a director of the company for nearly 10 years.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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