IXICO acquires Optimal Medicine to broaden brain health expertise

IXICO has agreed a to buy the US-based digital healthcare specialist for £1.5mln .

Like IXICO, Optimal Medicine specialises in brain health

IXICO (LON:IXI) is looking to tackle the US healthcare market after agreeing to buy Optimal Medicine, a US-based digital healthcare specialist, for £1.5mln .

Brain health specialist IXICO will pay 49p per share, a 53% premium to Optimal’s closing mid-market price yesterday, should shareholders approve the deal at the next general meeting.

Like IXICO, Optimal Medicine specialises in brain health, in particular in attention deficit hyperactivity disorder (ADHD) and behavioural health.

The deal will broaden the company’s products and gives it access to the US market, the biggest digital healthcare market globally, IXICO said.

Derek Hill, chief executive, added: “The acquisition of Optimal Medicine helps us to accelerate our overall strategy towards IXICO becoming a leader in digital healthcare for brain health.

“Optimal Medicine has built an extensive database that is used by clinicians in the US and complements IXICO's existing data and technology in dementia and other neuro-degenerative diseases."

The deal will be funded by a conditional placing of 8.8mln shares at 30.5p per share, a small discount of 4.7% on last night’s close.

IXICO aims to raise around £2.7mln with the remainder used to grow the enlarged business after the acquisition.

Quick facts: IXICO PLC


Price: 80.6 GBX

Market Cap: £38.81 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


Ixico seeing success with a number of contracts awarded covering multiple...

Ixico plc Chief Commercial Officer Lammert Albers joined Steve Darling from Proactive to share news the Clinical Research Organization has awarded the company, on behalf of their biopharmaceutical sponsor,  a 6-figure deal to conduct a Phase II Alzheimer’s disease clinical trial.  Albers...

4 hours, 24 minutes ago

2 min read