Ondine Biomedical Inc. NPV (CDI) (OBI)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 8.13p
   
  • Change Today:
      0.000p
  • 52 Week High: 10.50
  • 52 Week Low: 5.13
  • Currency: UK Pounds
  • Shares Issued: 394.08m
  • Volume: 10,000
  • Market Cap: £32.02m
  • Beta: 0.89

Ondine reports strong research findings from Canadian hospitals

By Josh White

Date: Monday 23 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Ondine Biomedical announced ground-breaking research findings from Vancouver General and University of British Columbia (UBC) Hospitals in British Columbia, Canada, on Monday, after they implemented a universal pre-surgical nasal photodisinfection and chlorhexidine gluconate (CHG) wipes protocol.
The AIM-traded firm said the research revealed a 66.5% reduction in surgical site infection (SSI) rates among spine surgery patients.

It said that despite a concerning rise in antimicrobial resistance, the hospitals managed to substantially reduce SSI rates from 7.98% to 2.67%.

Furthermore, it said the pioneering approach yielded substantial cost savings, amounting to $19.9m over an eight-year study period from 2011 to 2019.

The financial benefits translated into a net annual cost saving of $2.49m.

Ondine added that the research underscored the procedure's long-term safety, with no complications or adverse events associated explicitly with administering nasal photodisinfection.

At 1123 BST, shares in Ondine Biomedical were up 13.9% at 11.39p.

Reporting by Josh White for Sharecast.com.

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OBI Market Data

Currency UK Pounds
Share Price 8.13p
Change Today 0.000p
% Change 0.00 %
52 Week High 10.50
52 Week Low 5.13
Volume 10,000
Shares Issued 394.08m
Market Cap £32.02m
Beta 0.89

OBI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.64% below the market average70.64% below the market average70.64% below the market average70.64% below the market average70.64% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
19.04% below the market average19.04% below the market average19.04% below the market average19.04% below the market average19.04% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Income Not Available
Growth
29.79% above the market average29.79% above the market average29.79% above the market average29.79% above the market average29.79% above the market average
41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average41.18% above the sector average

OBI Dividends

No dividends found

Trades for 21-Nov-2024

Time Volume / Share Price
15:33 10,000 @ 8.00p

OBI Key Personnel

Chair Jean Charest
CEO Carolyn Cross

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