Ondine Biomedical Inc. NPV (CDI) (OBI)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

 13.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 14.50p
  • 52 Week Low: 5.63p
  • Currency: UK Pounds
  • Shares Issued: 443.43m
  • Volume: 105,158
  • Market Cap: £60.97m
  • Beta: 0.06

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 13.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 14.50p
52 Week Low 5.63p
Volume 105,158
Shares Issued 443.43m
Market Cap £60.97m
Beta 0.06

OBI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.59% below the market average69.59% below the market average69.59% below the market average69.59% below the market average69.59% 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
79.35% above the market average79.35% above the market average79.35% above the market average79.35% above the market average79.35% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
38.95% above the market average38.95% above the market average38.95% above the market average38.95% above the market average38.95% above the market average
43.75% above the sector average43.75% above the sector average43.75% above the sector average43.75% above the sector average43.75% above the sector average

OBI Dividends

No dividends found

Trades for 11-Jul-2025

Time Volume / Share Price
16:13 72,159 @ 13.85p
16:20 600 @ 14.00p
16:20 1,912 @ 13.50p
16:20 70 @ 13.50p
10:04 14,620 @ 13.72p

OBI Key Personnel

Chair Jean Charest
CEO Carolyn Cross

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