Genedrive (GDR)

Sector:

Health Care

Index:

FTSE AIM All-Share

 1.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 4.20p
  • 52 Week Low: 1.32p
  • Currency: UK Pounds
  • Shares Issued: 624.90m
  • Volume: 2,098,954
  • Market Cap: £8.75m
  • RiskGrade: 747
  • Beta: 0.00

Genedrive secures CE certification for CYP2C19 ID Kit

By Josh White

Date: Friday 30 May 2025

LONDON (ShareCast) - (Sharecast News) - Genedrive announced on Friday that it has secured CE certification for its CYP2C19 ID Kit under the European In Vitro Diagnostic Regulation (IVDR), allowing the pharmacogenetic test to be marketed and used across the EU and in certain non-European countries that recognise CE-IVD marking.
The AIM-traded firm said the IVDR replaced the earlier In Vitro Diagnostic Directive, and was now the required regulatory framework for new diagnostic medical devices.

It said its CYP2C19 ID Kit was designed to rapidly identify five DNA variants in the CYP2C19 gene that affects patient response to Clopidogrel, a widely prescribed antiplatelet drug used in the treatment of conditions such as ischaemic stroke, TIA and acute coronary syndrome.

Up to 56% of individuals in some ethnic groups carry variants linked to reduced drug efficacy, leading to poorer clinical outcomes if Clopidogrel is used.

Genedrive said the test delivers rapid results suitable for use in emergency care settings where timely prescription decisions are critical.

It was already recommended by NICE as the preferred rapid genotyping platform for NHS use, supported by superior performance, broader patient applicability, and favourable health economic analysis compared to traditional lab-based testing.

"We are delighted to achieve this certification for our best-in-class CYP2C19 rapid genotyping platform," said chief executive officer Dr Gino Miele.

"IVDR requirements have placed a heavy demand on Notified Bodies responsible for ensuring compliance, and whilst certification of our quality management system and CYP2C19 ID kit under IVDR encountered a minor delay, it is noteworthy that this has still been achieved approximately six months earlier due to mitigation plans we put in place in August last year with respect to our NB.

"Whilst UKCA certification enabled a focus on national commercialisation routes, including implementation into routine clinical use in NHS England's largest Hyper Acute Stroke Centre, and Middle East regions, we have also focussed efforts on defining market access routes in specific European countries which CE-certification now permits, and in non-European countries in which it facilitates registrations."

Dr Miele said implementation of the rapid CYP2C19 platform had been estimated to potentially prevent around 3,000 recurrent stroke admissions annually, while offering £160m of value, releasing 62,000 hospital beds and 230,000 healthcare professional hours in NHS England alone.

"These patient outcomes, financial and productivity gains are substantial and I am excited about the future impact of our solution to patients and healthcare systems both in the UK and internationally."

At 1124 BST, shares in Genedrive were up 2.26% at 1.36p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Genedrive Market Data

Currency UK Pounds
Share Price 1.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 4.20p
52 Week Low 1.32p
Volume 2,098,954
Shares Issued 624.90m
Market Cap £8.75m
Beta 0.00
RiskGrade 747

Genedrive Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
13.8% below the market average13.8% below the market average13.8% below the market average13.8% below the market average13.8% below the market average
3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average3.03% above the sector average
Price Trend
92.1% below the market average92.1% below the market average92.1% below the market average92.1% below the market average92.1% below the market average
82.86% below the sector average82.86% below the sector average82.86% below the sector average82.86% below the sector average82.86% below the sector average
Income Not Available
Growth
67.64% above the market average67.64% above the market average67.64% above the market average67.64% above the market average67.64% above the market average
88.57% above the sector average88.57% above the sector average88.57% above the sector average88.57% above the sector average88.57% above the sector average

Genedrive Dividends

No dividends found

Trades for 21-Jul-2025

Time Volume / Share Price
16:14 30,000 @ 1.43p
16:12 101,363 @ 1.43p
15:41 397,749 @ 1.39p
15:37 396,112 @ 1.39p
14:39 21,891 @ 1.44p

Genedrive Key Personnel

CFO Russell Shaw
CEO Gino Miele

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