Open Orphan Plc (GB:HVO) has released an update.
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Open Orphan Plc, a leading contract research organisation, reports a 30.6% increase in revenue to £35.6 million and a 67.6% increase in EBITDA to £8.7 million for the first half of 2024, compared to the same period last year. With a strong cash position of £37.1 million and a fully contracted revenue guidance for FY 2024, the company is reinforcing its full-year revenue target of £62 million and is on track to achieve £100 million by 2028, driven by its new Canary Wharf facility and operational efficiencies.
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