Ondine Biomedical Inc. NPV (CDI) (OBI)

Sector:

Pharma and Biotech

Index:

FTSE AIM All-Share

8.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 13.30p
  • 52 Week Low: 5.63p
  • Currency: UK Pounds
  • Shares Issued: 443.23m
  • Volume: 84,471
  • Market Cap: £37.67m

Ondine enrols first patient in phase three clinical trial

By Josh White

Date: Monday 30 Dec 2024

LONDON (ShareCast) - (Sharecast News) - Ondine Biomedical announced the launch of its phase three clinical trial for 'light-activated antimicrobial therapy to prevent surgical site infections' (LANTERN) on Monday, having enrolled its first patient.
The AIM-traded company said the trial, which would involve around 5,000 patients across 14 hospitals, started with the enrollment of the first patient at Centennial Medical Center in Nashville, Tennessee, on 27 December.

It said the study was being conducted in collaboration with US healthcare provider HCA Healthcare, and would evaluate Ondine's non-antibiotic nasal photodisinfection technology, known as 'Steriwave' outside the United States.

The randomised crossover study would compare standard infection prevention practices with and without the technology in patients undergoing major surgical procedures, including cardiac, orthopedic, and neurosurgical operations.

Ondine said the trial was expected to finish enrollment by the middle of 2025, with preliminary results anticipated in the autumn.

It described its nasal photodisinfection as a five-minute, non-invasive procedure that eliminates pathogens from the nose without the use of antibiotics, reducing the risk of antimicrobial resistance.

The process involved applying a photosensitive agent to the nostrils, followed by illumination with red light to activate an oxidative burst that destroys bacteria, viruses, and fungi.

It said that approach was aligned with recommendations from the World Health Organization and the Society for Healthcare Epidemiology of America.

"Our US phase three trial initiation is an exciting milestone towards making photodisinfection technology available to healthcare professionals who want to rapidly eliminate a broad spectrum of infection-causing pathogens without fuelling drug resistance or relying on patient compliance as is the case with topical antibiotics," said chief executive officer Carolyn Cross.

At 0824 GMT, shares in Ondine Biomedical were up 5.59% at 8.98p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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

 

OBI Market Data

Currency UK Pounds
Share Price 8.50p
Change Today -0.50p
% Change -5.56 %
52 Week High 13.30p
52 Week Low 5.63p
Volume 84,471
Shares Issued 443.23m
Market Cap £37.67m

OBI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.03% below the market average70.03% below the market average70.03% below the market average70.03% below the market average70.03% 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
14.90% above the market average14.90% above the market average14.90% above the market average14.90% above the market average14.90% above the market average
26.09% above the sector average26.09% above the sector average26.09% above the sector average26.09% above the sector average26.09% above the sector average
Income Not Available
Growth
35.84% above the market average35.84% above the market average35.84% above the market average35.84% above the market average35.84% 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

Trades for 30-May-2025

Time Volume / Share Price
14:54 57,471 @ 8.70p
11:01 5,000 @ 8.75p
08:39 22,000 @ 8.16p

OBI Key Personnel

Chair Jean Charest
CEO Carolyn Cross

Top of Page