Diaceutics, the Irish data analytics and diagnostic commercialisation company, is our Company of the Month for March 2024, in association with KPMG.
Diaceutics, the Belfast-headquartered company, reports continued growth in a challenging year for pharma worldwide. The company provides leading pharmaceutical companies around the world with data, analytics and enables an end-to-end solution for the launch of precision medicine diagnostics with The Diagnostic Network (DXRX). DXRX is the world’s first diagnostic commercialisation platform for precision medicine, integrating multiple pipelines of real-world diagnostic testing data from a global network of laboratories.
In March this year, the company updated its DXRX platform to increase the power and efficiency of the platform. The upgrade also enables multiple stakeholders within the life sciences industry to access a best in class, real world data set that is HIPAA compliant, at a pace that previously would not have been possible.
The company has reported continued growth in spite of a challenging year for the entire pharmaceutical industry.
Co-founder and CEO Ryan Keeling commented on the results when released: “We are pleased to report a strong performance across our business in 2023, against the backdrop of a challenging year for the pharmaceutical industry. To continue our growth trajectory despite this demonstrates the significant value our customers place on our differentiated offering, as reflected by the increasing number of precision medicines we are working with and enterprise-wide engagements secured to date. Our solid recurring revenue and order book growth in 2023, alongside our expanding product set, provides us with good momentum as we enter 2024.”
In 2023, the company signed four enterprise-wide engagements with a total contract value of $20.1 million.
Company of the Month
The Company of the Month Award, in association with KPMG, recognises outstanding Irish companies. It especially acknowledges those who have made significant contributions to the business community of Ireland.
Recipients of the award are automatically put forward as candidates for the prestigious Company of the Year Award at the annual Business & Finance Awards.
There is a last call for submissions, click here to nominate.
To reserve your table now, click here.
Business & Finance, Company of the Month
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COTM January 2024: Kerry Group