Ondine Biomedical Inc. NPV (CDI) (OBI)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

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

Ondine Biomedical gets UAE approval for Steriwave

By Josh White

Date: Friday 18 Oct 2024

LONDON (ShareCast) - (Sharecast News) - Ondine Biomedical announced on Friday that it has received regulatory approval to market its 'Steriwave' nasal decolonisation technology in the United Arab Emirates.

The AIM-traded firm said the light-activated antimicrobial treatment was designed to reduce healthcare-associated infections (HAIs) in surgical patients.

It said the UAE, with its growing population of 9.4 million and status as a hub for medical tourism, represented a significant new market for Ondine's technology.

HAIs - a major global healthcare challenge - result in high costs and increased mortality, particularly in post-surgical settings, Ondine noted.

It said Steriwave offered a rapid, five-minute treatment that eliminates pathogens without giving them time to develop resistance, providing an effective alternative to antibiotics.

The technology had reportedly proven highly effective against drug-resistant pathogens, including moderately and extensively drug-resistant strains.

Steriwave's approval in the UAE followed recommendations from global health bodies including the WHO and the Society for Healthcare Epidemiology of America, which advocated nasal decolonisation for major surgeries to prevent surgical site infections.

"We are looking forward to bringing the infection-reducing benefits of Steriwave nasal decolonisation to the United Arab Emirates and other Middle Eastern markets," said chief executive officer Carolyn Cross.

"We believe that adding Steriwave to current presurgical and ICU protocols can help these countries to address the growing threat from antimicrobial resistant infections in hospitals."

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 10.50p
52 Week Low 5.13p
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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