Contract research firm hVIVO sees revenues decline 32%

Company faces headwinds with 'delayed contract conversion and a number of cancellations and postponements' partly due to 'uncertainties in the US'

While the company has seen a decline in revenue, it is still in line with its expectations of generating £47m for the full year.

Irish-founded contract research firm hVIVO has seen its revenue drop by 32% during the first half of the year to £24.2m (€28m), as the company faces headwinds with “delayed contract conversion and a number of cancellations and postponements”.

While the company has seen a decline in revenue, it said it was still in line with expectations of generating £47m for the full year. During the first half of 2024, the company generated £35.6m in revenue.