Oncimmune forecasts sales boost, 'tight' cost management

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Immunodiagnostics group Oncimmune said it expected to book a large rise in revenue, in line with market expectations.

Revenue for the year through March was seen increasing to £5.6 million, up from £0.7 million year-on-year.

Oncimmune said it also managed its cost base tightly during the year following the implementation of a cost reduction programme in the 2020 financial year.

Looking forward to the 2022 financial year, it said it was confident of delivering on revenue expectations, citing a high degree of revenue visibility.