Ondine Biomedical Inc. NPV (CDI) (OBI)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

5.38p
   
  • Change Today:
    -0.13p
  • 52 Week High: 19.00
  • 52 Week Low: 5.25
  • Currency: UK Pounds
  • Shares Issued: 226.75m
  • Volume: 53,973
  • Market Cap: £12.19m

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 5.38p
Change Today -0.13p
% Change -2.27 %
52 Week High 19.00
52 Week Low 5.25
Volume 53,973
Shares Issued 226.75m
Market Cap £12.19m

OBI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.65% below the market average44.65% below the market average44.65% below the market average44.65% below the market average44.65% below the market average
60.78% below the sector average60.78% below the sector average60.78% below the sector average60.78% below the sector average60.78% below the sector average
Price Trend
92.76% below the market average92.76% below the market average92.76% below the market average92.76% below the market average92.76% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Income Not Available
Growth
46.02% below the market average46.02% below the market average46.02% below the market average46.02% below the market average46.02% below the market average
61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average61.11% below the sector average

OBI Dividends

No dividends found

Trades for 30-Apr-2024

Time Volume / Share Price
15:35 25,000 @ 5.25p
15:33 25,000 @ 5.25p
12:22 2,973 @ 5.25p
12:22 1,000 @ 5.50p

OBI Key Personnel

Chair Jean Charest
CEO Carolyn Cross

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