Renalytix (Reg S) (RENX)

Sector:

Health Care

Index:

FTSE AIM All-Share

26.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 145.00
  • 52 Week Low: 10.25
  • Currency: UK Pounds
  • Shares Issued: 126.22m
  • Volume: 105,921
  • Market Cap: £33.45m
  • RiskGrade: 348

Renalytix inks partnership with the American Diabetes Association

By Josh White

Date: Tuesday 04 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Renalytix announced a joint programme with the American Diabetes Association (ADA) on Tuesday, to improve overall kidney health in patients with type-2 diabetes (T2D) in the United States.
The AIM-traded firm said the programme was designed to drive early detection and risk-informed care delivery to delay disease progression, reduce dialysis starts and improve overall health of chronic kidney disease (CKD) patients with diabetes nationally.

It said the number of patients with T2D in the US was expected to grow to almost 60 million by 2060, from 34 million individuals today.

Renalytix said the partnership would convene experts to advise and develop a "comprehensive, interprofessional risk-informed diabetes kidney care pathway and model" for optimal clinical treatment and risk reduction.

The ADA and the company would work to define a plan for the second phase of the programme, to scale and deploy the model through partnerships with multiple health systems nationally.

It said that effort would leverage milestones, key performance indicators, metrics and ongoing evaluation of the pathway's effectiveness in changing outcomes for people with diabetes living with or at-risk for CKD.

"This programme combines technology, hospital system population health engagement and leading clinical experts to drive optimised care management at the earliest possible stage of kidney disease where better outcomes and cost control can be maximised," said Renalytix chief executive officer James McCullough.

"For individuals with diabetes and kidney disease, this is a powerful, comprehensive and bold model to engage this devastating disease beginning in primary care and close the gaps in front-line care."

With the number of adults with diagnosed diabetes expected to reach 60 million in the US by 2060, Renalytix added that up to 40% of those were expected to develop chronic kidney disease.

It described CKD as a "silent disease", killing more people each year than breast and prostate cancer.

"Early identification and risk-informed care are critical to better health outcomes," said the ADA's vice-president of healthcare improvement, Dr Nuha El Sayed.

"Our work together will support the care of people with diabetes through primary care providers."

At 1039 GMT, shares in Renalytix were up 1.77% at 631p.

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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.

 

RENX Market Data

Currency UK Pounds
Share Price 26.50p
Change Today -1.00p
% Change -3.64 %
52 Week High 145.00
52 Week Low 10.25
Volume 105,921
Shares Issued 126.22m
Market Cap £33.45m
RiskGrade 348

RENX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.15% below the market average17.15% below the market average17.15% below the market average17.15% below the market average17.15% below the market average
3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average
Price Trend
91.4% below the market average91.4% below the market average91.4% below the market average91.4% below the market average91.4% below the market average
72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average
Income Not Available
Growth
19.01% above the market average19.01% above the market average19.01% above the market average19.01% above the market average19.01% above the market average
27.78% above the sector average27.78% above the sector average27.78% above the sector average27.78% above the sector average27.78% above the sector average

RENX Dividends

No dividends found

Trades for 24-Apr-2024

Time Volume / Share Price
17:06 19,500 @ 26.50p
15:40 19,500 @ 26.48p
15:21 2,300 @ 27.00p
14:58 4,000 @ 26.00p
14:51 36 @ 27.20p

RENX Key Personnel

CEO James Renwick McCullough

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