Ondine Biomedical Inc. NPV (CDI) (OBI)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

8.37p
   
  • Change Today:
    -0.63p
  • 52 Week High: 13.30
  • 52 Week Low: 5.63
  • Currency: UK Pounds
  • Shares Issued: 443.23m
  • Volume: 22,000
  • Market Cap: £37.10m
  • Beta: 0.01

Ondine reports success in MRSA clinical trial

By Josh White

Date: Friday 02 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Ondine Biomedical reported full results from its phase two 'BENEFIT-PDT' clinical trial on Friday, which met its primary endpoint of bacterial load reduction after nasal photodisinfection.
The AIM-traded firm explained that the nostrils are considered a primary reservoir of pathogens, including staphylococcus aureus and multidrug-resistant S. aureus (MRSA), which is the leading cause of surgical site infections.

After all patients were included in the analysis, including those enrolled but not treated due to rescheduled surgeries, photodisinfection was found to have eliminated or significantly decreased S. aureus in 86% of carriers.

The secondary endpoint was also met, demonstrating a "far lower" surgical site infection rate among treated patients, versus the United States historical national average rate at 0.6% versus 3%.

There were no treatment-related reportable adverse events, with treatment found to be safe and well tolerated.

"This study demonstrates that Ondine's photodisinfection technology robustly reduces nasal S. aureus colonisation in presurgical patients," said Dr Simon Sinclair, non-executive director at Ondine and former medical director of Johnson & Johnson Medical Devices EMEA.

"Proving that this technology works well in a safe and easy-to-apply format is a critical step in our FDA regulatory pathway, and we hope will ultimately lead to wide utility across worldwide healthcare systems."

At 1047 GMT, shares in Ondine Biomedical were down 3.014% at 24p.

Reporting by Josh White for Sharecast.com.

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OBI Market Data

Currency UK Pounds
Share Price 8.37p
Change Today -0.63p
% Change -7.00 %
52 Week High 13.30
52 Week Low 5.63
Volume 22,000
Shares Issued 443.23m
Market Cap £37.10m
Beta 0.01

OBI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.01% below the market average70.01% below the market average70.01% below the market average70.01% below the market average70.01% below the market average
95.65% below the sector average95.65% below the sector average95.65% below the sector average95.65% below the sector average95.65% below the sector average
Price Trend
30.86% above the market average30.86% above the market average30.86% above the market average30.86% above the market average30.86% above the market average
47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average
Income Not Available
Growth
35.74% above the market average35.74% above the market average35.74% above the market average35.74% above the market average35.74% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average

OBI Dividends

No dividends found

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Time Volume / Share Price
08:39 22,000 @ 8.16p

OBI Key Personnel

Chair Jean Charest
CEO Carolyn Cross

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