Kromek Group (KMK)

Sector:

Health Care

Index:

FTSE AIM All-Share

6.20p
   
  • Change Today:
      0.50p
  • 52 Week High: 8.00p
  • 52 Week Low: 3.95p
  • Currency: UK Pounds
  • Shares Issued: 641.55m
  • Volume: 4,043,262
  • Market Cap: £39.78m
  • RiskGrade: 527

Kromek awarded funding to deliver low-dose breast imaging technology

By Josh White

Date: Monday 23 Apr 2018

LONDON (ShareCast) - (WebFG News) - Radiation detection company Kromek has been awarded funding from Innovate UK for a three-year programme to deliver, in partnership with Newcastle-upon-Tyne Hospitals NHS Foundation Trust, a low-dose molecular breast imaging (LDMBI) technology based on its CZT-based SPECT detectors.
The AIM-traded company said the project, beginning in mid-2018, would be worth £1.4m.

It said that in the first phase of the project, it would utilise new developments in its CZT-based SPECT detector technology to reduce the required dose of radiation in molecular breast imaging, which Kromek described as a "cutting-edge technology" which used a radioactive tracer to identify tumours.

In that imaging technique, the tracer concentrated more heavily in malignant breast tissue, allowing the tumour to be easily identified irrespective of breast density.

By partnering with breast cancer experts at the Newcastle Hospitals for the development, the company said it would ensure that the technology was tuned to clinical and patient needs.

The LDMBI device would subsequently be used in a pilot study with the Newcastle Hospitals to demonstrate the clinical benefits of incorporating Kromek's SPECT detectors.

"This project is further evidence that CZT-based detectors are becoming a core technology in replacing legacy diagnostic products across the medical imaging sector," said Kromek CEO Dr Arnab Basu.

"Our innovative SPECT detectors are capable of significantly lowering radiation doses, thereby offering cost savings for health services and, crucially, making enhanced detection and early diagnosis of breast cancer accessible on a much wider scale.

"We look forward to collaborating with Newcastle-upon-Tyne Hospitals NHS Foundation Trust as well as our OEM partner to carry out this vital work."

Louise Robson, joint acting chief executive for the Newcastle Hospitals, added that providing patient care which is safe and of the highest quality was a "key priority" for the NHS trust, and by working collaboratively, it would be able to ensure new, advanced treatments were as safe as they could be.

"We welcome working with Kromek on this exciting initiative, and hope to see many more similar ventures which benefit patient care, whilst placing the North East firmly on the map as a leader in healthcare innovation."

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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.

 

Kromek Group Market Data

Currency UK Pounds
Share Price 6.20p
Change Today 0.50p
% Change 8.77 %
52 Week High 8.00p
52 Week Low 3.95p
Volume 4,043,262
Shares Issued 641.55m
Market Cap £39.78m
RiskGrade 527

Kromek Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
22.34% above the market average22.34% above the market average22.34% above the market average22.34% above the market average22.34% above the market average
8.57% above the sector average8.57% above the sector average8.57% above the sector average8.57% above the sector average8.57% above the sector average
Price Trend
12.4% below the market average12.4% below the market average12.4% below the market average12.4% below the market average12.4% below the market average
18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average18.92% above the sector average
Income Not Available
Growth
26.93% above the market average26.93% above the market average26.93% above the market average26.93% above the market average26.93% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

Kromek Group Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
17:07 240,000 @ 6.20p
16:35 90,595 @ 6.20p
16:35 82,595 @ 6.20p
16:35 2,950 @ 6.20p
16:35 5,050 @ 6.20p

Kromek Group Key Personnel

CEO Arnab Basu

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