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 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 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
70.48% below the market average70.48% below the market average70.48% below the market average70.48% below the market average70.48% 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
18.55% below the market average18.55% below the market average18.55% below the market average18.55% below the market average18.55% 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
29.73% above the market average29.73% above the market average29.73% above the market average29.73% above the market average29.73% 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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