RUA Life Sciences (RUA)

Sector:

Health Care

Index:

FTSE AIM All-Share

11.50p
   
  • Change Today:
    -0.25p
  • 52 Week High: 32.50
  • 52 Week Low: 8.75
  • Currency: UK Pounds
  • Shares Issued: 62.06m
  • Volume: 502,057
  • Market Cap: £7.14m
  • RiskGrade: 290
  • Beta: 0.66

RUA Life Sciences makes progress with heart valve leaflet composite

By Josh White

Date: Wednesday 20 Dec 2023

LONDON (ShareCast) - (Sharecast News) - RUA Life Sciences updated the market on its progress with the RUA leaflet composite on Wednesday.
The AIM-traded firm said its RUA Structural Heart division was on a mission to evaluate heart valve leaflet materials and compare the performance of 100% polymeric valves with their novel composite material.

Computational modelling at the design stage indicated that the mechanical properties of the composite would be well-suited for heart valve leaflets.

RUA said it conducted rigorous testing, with the composite showing remarkable flex fatigue stability, enduring over 400 million cycles.

The composite displayed impressive durability as a heart valve leaflet, withstanding over 200 million cycles.

It exhibited exceptional tensile strength properties, surpassing base fabric and polymer materials, and demonstrated consistent tensile strength in multiple directions.

The board said the material's high flexibility enhanced valve efficiency, while its narrow crimping profile offered advantages in transcatheter aortic valve replacement (TAVR) procedures.

Moreover, it retained important blood-contacting properties, such as resistance to calcification and thrombogenicity.

The material remained stable throughout testing, with no delamination observed, demonstrating high tear resistance.

Following the test results, RUA said it had started seeking patent protection for the composite material.

At the same time, the company said it was actively pursuing opportunities to commercialise the RUA composite as a viable alternative to animal tissue currently used in heart valve manufacturing.

The board said the industry's response to the innovative material was positive, with RUA previously announcing that a significant heart valve company had expressed interest.

That company had entered into a material testing agreement with RUA to evaluate the composite's potential further.

"Combining RUA's expertise in implantable textile materials with the clinically proven properties of ElastEon has created a novel material that appears to meet the key properties required of heart valve leaflets and it is pleasing that the business is now transitioning from a research and development phase into early stages of commercialisation," said chairman Bill Brown.

At 1205 GMT, shares in RUA Life Sciences were down 2.39% at 10.01p.

Reporting by Josh White for Sharecast.com.

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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.

 

RUA Market Data

Currency UK Pounds
Share Price 11.50p
Change Today -0.25p
% Change -2.13 %
52 Week High 32.50
52 Week Low 8.75
Volume 502,057
Shares Issued 62.06m
Market Cap £7.14m
Beta 0.66
RiskGrade 290

RUA Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.61% below the market average19.61% below the market average19.61% below the market average19.61% below the market average19.61% below the market average
54.29% above the sector average54.29% above the sector average54.29% above the sector average54.29% above the sector average54.29% above the sector average
Price Trend
43.01% below the market average43.01% below the market average43.01% below the market average43.01% below the market average43.01% below the market average
18.92% below the sector average18.92% below the sector average18.92% below the sector average18.92% below the sector average18.92% below the sector average
Income Not Available
Growth
3.73% below the market average3.73% below the market average3.73% below the market average3.73% below the market average3.73% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average

RUA Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
16:24 55,000 @ 11.30p
16:23 4,000 @ 11.30p
15:59 10,000 @ 11.12p
14:33 55,000 @ 11.40p
14:14 10,000 @ 11.40p

RUA Key Personnel

Chair William D Brown
CFO Lachlan Smith

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