Genedrive (GDR)

Sector:

Health Care

Index:

FTSE AIM All-Share

1.51p
   
  • Change Today:
    -0.010p
  • 52 Week High: 7.80p
  • 52 Week Low: 1.45p
  • Currency: UK Pounds
  • Shares Issued: 543.14m
  • Volume: 9,813,429
  • Market Cap: £8.20m
  • RiskGrade: 747

Genedrive makes first commercial sales of CYP2C19-ID testing kit

By Iain Gilbert

Date: Monday 12 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Pharmacogenetic testing firm Genedrive said on Monday that it has made the first UK commercial sales of its CYP2C19-ID testing kit.
Genedrive stated that following the UK's National Institute for Health and Care Excellence final published guidance that CYP2C19 genotyping should be used to guide clopidogrel use after Ischaemic Stroke or Transient Ischaemic Attack, and that the Genedrive CYP2C19-ID test should be used as the test of choice for point of care strategies, an initial £100,000 order for its CYP2C19-ID Kit and instruments has been received to support an implementation assessment at Greater Manchester's Comprehensive Stroke Centre.

The AIM-listed group stated that after factoring in potential improvements in patient outcomes in addition to direct healthcare financial savings, implementation of CYP2C19 genotyping in IS/TIA has the potential value to the NHS of approximately £91.0m and £454.0m over one and five years, respectively.

Chief executive Dr Gino Miele said: "With recent NICE guidance recommending CYP2C19 genotyping strategies in the UK NHS for IS and TIA patients in the NHS who are eligible for receiving the antiplatelet Clopidogrel, and recommending our test as the point-of-care platform of choice, these initial first-sales of our CYP2C19 ID-kit in the UK to one of the largest stroke centres nationally is a key initial milestone in our CYP2C19 commercialisation strategy, and further strengthens our pharmacogenetic positioning strategy in emergency care more broadly."

As of 0900 BST, Genedrive shares were up 3.21% at 3.28p.

















Reporting by Iain Gilbert at 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.

 

Genedrive Market Data

Currency UK Pounds
Share Price 1.51p
Change Today -0.010p
% Change -0.66 %
52 Week High 7.80p
52 Week Low 1.45p
Volume 9,813,429
Shares Issued 543.14m
Market Cap £8.20m
RiskGrade 747

Genedrive Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.86% below the market average15.86% below the market average15.86% below the market average15.86% below the market average15.86% below the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Price Trend
81.5% below the market average81.5% below the market average81.5% below the market average81.5% below the market average81.5% below the market average
67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average67.57% below the sector average
Income Not Available
Growth
68.50% above the market average68.50% above the market average68.50% above the market average68.50% above the market average68.50% above the market average
94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average94.12% above the sector average

Genedrive Dividends

No dividends found

Trades for 02-Apr-2025

Time Volume / Share Price
17:08 50,000 @ 1.51p
16:08 2,766 @ 1.52p
15:21 40 @ 1.51p
15:16 330,000 @ 1.52p
14:10 13,157 @ 1.52p

Genedrive Key Personnel

CFO Russell Shaw
CEO Gino Miele

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