Ondine Biomedical Inc. NPV (CDI) (OBI)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 6.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 16.50p
  • 52 Week Low: 5.13p
  • Currency: UK Pounds
  • Shares Issued: 277.29m
  • Volume: 31,500
  • Market Cap: £18.72m

Ondine disinfection tech to be used at another Canadian hospital

By Josh White

Date: Monday 07 Aug 2023

LONDON (ShareCast) - (Sharecast News) - Ondine Biomedical announced on Monday that it is joining forces with Canada's Kelowna General Hospital (KGH) in a pilot targeting the prevention of hospital-acquired infections (HAIs).
The AIM-traded, Canada-based company said the initiative would see all orthopaedic patients undergoing surgery at KGH first receiving Ondine's 'Steriwave' nasal photodisinfection therapy.

It said Steriwave effectively neutralises a broad spectrum of pathogens including viruses, bacteria, and fungi, without inducing resistance.

Institutions like Vancouver General Hospital and the Ottawa Hospital were already using Steriwave, and had reportedly seen improved post-surgical outcomes.

Ondine said data showed reductions in infection rates, diminished hospital stays, fewer readmissions, and a drop in antibiotic prescriptions.

Notably, research from Vancouver General Hospital showed a 59% reduction in the surgical site infection (SSI) mortality rate for patients pre-treated with Steriwave as opposed to those who weren't.

"We believe that every patient deserves the best protection against HAIs," said chief executive officer Carolyn Cross.

"By wiping out the pathogens in the nose, which is a major reservoir for these potentially fatal pathogens, our photodisinfection treatment can reduce HAIs following major surgeries by up to 80%.

"We are delighted to be working with the orthopaedic team at Kelowna General Hospital, to assist their ongoing efforts to combat these dangerous infections and continue to improve patient outcomes."

At 0938 BST, shares in Ondine Biomedical were up 1.44% at 16.23p.

Reporting by Josh White for Sharecast.com.

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OBI Market Data

Currency UK Pounds
Share Price 6.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 16.50p
52 Week Low 5.13p
Volume 31,500
Shares Issued 277.29m
Market Cap £18.72m

OBI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.58% below the market average52.58% below the market average52.58% below the market average52.58% below the market average52.58% below the market average
80.39% below the sector average80.39% below the sector average80.39% below the sector average80.39% below the sector average80.39% below the sector average
Price Trend
88.09% below the market average88.09% below the market average88.09% below the market average88.09% below the market average88.09% below the market average
48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average
Income Not Available
Growth
45.61% below the market average45.61% below the market average45.61% below the market average45.61% below the market average45.61% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average

OBI Dividends

No dividends found

Trades for 17-May-2024

Time Volume / Share Price
15:17 3,500 @ 6.73p
15:17 3,000 @ 6.73p
11:05 25,000 @ 6.73p

OBI Key Personnel

Chair Jean Charest
CEO Carolyn Cross

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