Ondine Biomedical Inc. NPV (CDI) (OBI)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 5.88p
   
  • Change Today:
      0.000p
  • 52 Week High: 12.50
  • 52 Week Low: 5.13
  • Currency: UK Pounds
  • Shares Issued: 277.29m
  • Volume: 62,682
  • Market Cap: £16.29m

Ondine Biomedical's Steriwave added to NHS Supply Chain

By Josh White

Date: Friday 21 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Life science company Ondine Biomedical announced on Friday that its 'Steriwave' nasal photodisinfection treatment was now available through the NHS Supply Chain.
The AIM-traded firm said the development would simplify the procurement process for NHS hospitals in England and Wales, marking the first inclusion of a light-activated antimicrobial in the supply chain.

It described Steriwave as an antimicrobial treatment that quickly eliminates infection-causing pathogens without contributing to antimicrobial resistance (AMR).

The company said it was a superior alternative to the antibiotic mupirocin, which was traditionally used for nasal decolonisation to prevent healthcare-associated infections, but was associated with high rates of AMR and low patient compliance.

In March, the Mid Yorkshire Teaching NHS Trust became the first in the UK to adopt Steriwave as the standard of care for hip and knee surgery patients to prevent surgical site infections (SSIs).

The adoption at Pontefract and Pinderfields NHS Hospitals followed a successful initial deployment at Pontefract Hospital.

Ondine Biomedical said it was also collaborating with the Mid Yorkshire Teaching NHS Trust and Health Innovation Yorkshire & Humber to sponsor a health economic analysis conducted by the York Health Economics Consortium (YHEC).

The study, expected to be completed later in the year, aimed to support the wider adoption of Steriwave across the NHS and explore additional surgical applications.

"SSIs, among the most common healthcare-associated infections, affect one in 20 NHS surgical patients and cost NHS England over £2bn annually, with costs expected to rise due to increasing AMR," Ondine said in its statement.

"WHO and NICE recommend eliminating harmful pathogens from the nasal cavities before surgery as a key approach to preventing SSIs.

"Steriwave uses a proprietary photosensitive microbial stain and activating red light to destroy nasal pathogens in a single, five-minute treatment without triggering AMR."

At 1124 BST, shares in Ondine Biomedical were up 11.84% at 8.39p.

Reporting by Josh White for Sharecast.com.

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OBI Market Data

Currency UK Pounds
Share Price 5.88p
Change Today 0.000p
% Change 0.00 %
52 Week High 12.50
52 Week Low 5.13
Volume 62,682
Shares Issued 277.29m
Market Cap £16.29m

OBI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.24% below the market average68.24% below the market average68.24% below the market average68.24% below the market average68.24% below the market average
87.76% below the sector average87.76% below the sector average87.76% below the sector average87.76% below the sector average87.76% below the sector average
Price Trend
84.39% below the market average84.39% below the market average84.39% below the market average84.39% below the market average84.39% below the market average
67.35% below the sector average67.35% below the sector average67.35% below the sector average67.35% below the sector average67.35% below the sector average
Income Not Available
Growth
26.96% above the market average26.96% above the market average26.96% above the market average26.96% above the market average26.96% above the market average
39.39% above the sector average39.39% above the sector average39.39% above the sector average39.39% above the sector average39.39% above the sector average

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Trades for 17-Sep-2024

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09:24 2,682 @ 5.78p
09:14 20,000 @ 5.78p
08:25 25,000 @ 5.77p

OBI Key Personnel

Chair Jean Charest
CEO Carolyn Cross

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