Genedrive (GDR)

Sector:

Health Care

Index:

FTSE AIM All-Share

2.00p
   
  • Change Today:
      0.048p
  • 52 Week High: 22.25
  • 52 Week Low: 1.80
  • Currency: UK Pounds
  • Shares Issued: 154.32m
  • Volume: 2,506,841
  • Market Cap: £3.08m
  • RiskGrade: 747

Genedrive to participate in three-country HCV therapy study

By Josh White

Date: Thursday 29 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Near-patient molecular diagnostics company Genedrive announced on Thursday that it will participate in an international multicentre trial, designed to assess the impact of outreach HCV diagnostics and therapy in a pharmacy setting when compared conventional treatment pathways.
The AIM-traded firm said the study, led by John Dillon, professor of hepatology and gastroenterology at the University of Dundee and funded by AbbVie, would cover up to 40 pharmacies across three sites in Scotland, Wales, and Australia.

It said the study, dubbed 'REACH', would focus on people undergoing opiate substitute therapy - a patient population traditionally resistant to travel, suggesting 'test and treat' outreach-based diagnostic and treatment pathways could provide an effective solution to the HCV epidemic in this population.

The study would determine if more HCV RNA positive people could be treated and cured, and would also examine whether the REACH pathway was more cost-effective than the conventional pathway, from the perspective of the NHS in the UK and Medicare in Australia.

Genedrive said the study was anticipated to enroll about 140 patients over its two years.

"The advancement of molecular diagnostics to the point of need will provide faster treatment decisions to patients who have difficulty accessing traditional centralised services," said Genedrive chief executive officer David Budd.

"We see the requirement for Test and Treat outside of centralised services as a common theme across our menu targets.

"We are very pleased to be working with professor Dillon in further proving the cost effectiveness and clinical benefits of Genedrive HCV-ID in another near patient setting."

Professor John Dillon of the University of Dundee added that he was "delighted" that the study was now starting.

"It is vital that if we are to eliminate HCV, we must find novel ways of using paradigm shifting technology like Genedrive HCV-ID in care pathways, to bring cure of HCV to the people who need it most."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Genedrive Market Data

Currency UK Pounds
Share Price 2.00p
Change Today 0.048p
% Change 2.46 %
52 Week High 22.25
52 Week Low 1.80
Volume 2,506,841
Shares Issued 154.32m
Market Cap £3.08m
RiskGrade 747

Genedrive Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
14.66% below the market average14.66% below the market average14.66% below the market average14.66% below the market average14.66% below the market average
6.25% above the sector average6.25% above the sector average6.25% above the sector average6.25% above the sector average6.25% above the sector average
Price Trend
97.57% below the market average97.57% below the market average97.57% below the market average97.57% below the market average97.57% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
43.61% below the market average43.61% below the market average43.61% below the market average43.61% below the market average43.61% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

Genedrive Dividends

No dividends found

Trades for 16-May-2024

Time Volume / Share Price
16:35 450 @ 2.00p
16:35 450 @ 2.00p
16:22 108 @ 1.85p
16:02 53,758 @ 1.85p
15:59 543 @ 1.85p

Genedrive Key Personnel

CFO Russell Shaw
CEO James Cheek

Top of Page