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OBP Ondine Biomed

18.50
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ondine Biomed LSE:OBP London Ordinary Share CA68234M1068 COM SHS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

UCL & Ondine Awarded GBP1 Million by UK Medical Research Council to Develop Infection Prevention Technology for Catheters

18/01/2011 2:10pm

UK Regulatory



 
TIDMOBP 
 
UCL & Ondine Awarded GBP1 Million by UK Medical Research Council to Develop Infection Prevention Technology for Catheters 
FOR:  ONDINE BIOMEDICAL INC. 
 
TSX, AIM SYMBOL:  OBP 
 
January 18, 2011 
 
UCL & Ondine Awarded GBP1 Million by UK Medical Research Council to Develop Infection Prevention Technology for 
Catheters 
 
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2011) - Ondine Biomedical Inc. ("Ondine" or the "Company") 
(TSX:OBP)(AIM:OBP) today announced that University College London (UCL) Professors Ivan P. Parkin and Michael 
Wilson and colleagues, in collaboration with Ondine, have been awarded a Medical Research Council (MRC) 
Developmental Pathway Funding Scheme Award of GBP 1 million to develop a light activated antimicrobial 
application for the prevention of catheter-associated infections such as urinary tract infections. This two and 
one-half year project is scheduled to initiate on February 1, 2011, and represents the first of its kind for 
Ondine. 
 
This project will be managed by Professor Ivan Parkin, Head of the Department of Chemistry, UCL, and Professor 
Michael Wilson, Professor of Microbiology, UCL Eastman Dental Institute ("UCLEDI"), to take existing 
fundamental basic and clinical research findings towards the clinic. The stated purpose of the Award is to help 
strengthen the translation of fundamental research towards patient benefit. This project is intended to enhance 
the exclusive license that Ondine has with University College London on Light-Activated Antimicrobial Agents 
nanoparticle conjugates and mixtures, and leverages expertise acquired by Ondine during the development of 
Endowave(TM), a ventilator associated pneumonia (VAP) prevention product and MRSAid(TM), a MRSA nasal 
decolonization product based on photodynamic disinfection. 
 
"We consider this initiative to be a significant step towards the development of a major class of new medical 
devices that may have the potential to reduce the number of urinary tract infections acquired in hospital, 
thereby significantly reducing healthcare costs," stated Professor Ivan Parkin. "Furthermore, proof of concept 
for application to urinary catheters will demonstrate a step-change in the prevention of catheter associated 
infections (CAIs) and provide opportunity for the potential application of this novel approach to other 
catheter types, including Cardiovascular, Intravenous & Neurovascular catheters." 
 
Professor Michael Wilson, Professor of Microbiology, UCLEDI, and Pro-Provost for Europe at UCL, stated: "What 
makes this undertaking unique is that the development work will be carried out by a multi-disciplinary team 
from clinics, academia and industry consisting of chemists, bacteriologists, photobiologists, medical laser 
physicists and clinicians experienced in the management of catheter-associated infections. This level of 
collaboration across a number of disciplines is clearly of tremendous benefit to the project and builds on many 
years of independent research, clinical experience and historic product development efforts." 
 
"Ondine and UCL have a successful partnership that spans over ten years," said Derek Reay, Senior Business 
Manager of UCLB, the business development arm of University College London. "Together, we are recognized as 
global leaders in developing applications based on photodisinfection (also known as anti-microbial photodynamic 
therapy). Jointly, Ondine and UCL have developed the Periowave(TM) Photodisinfection System, a light activated 
antimicrobial technology for the dental market. Development of the anti-microbial catheter is a natural 
extension of our past research and is an ideal collaboration between our two groups. We are therefore very 
pleased for this opportunity to translate our collective expertise into a significant new product development 
initiative. Combining a research approach with upfront corporate integration has proven to be very effective. 
We look forward to working with Ondine on this, and future, development programs addressing antibiotic 
resistant pathogens and biofilm-based infections." 
 
"The use of light activated antimicrobials to prevent catheter associated urinary tract infections leverages 
our existing product development efforts related to ventilator associated pneumonia as well as our clinical and 
regulatory expertise," said Carolyn Cross, Chairman and CEO of Ondine Biomedical Inc. "Successful results from 
this catheter associated infection prevention project would have immediate benefit in today's hospital 
environment, and translate into sizable savings of hospital costs and improve patient outcomes since urinary 
tract infections represent the largest source of healthcare-associated infections (HAIs). HAI's globally 
represent tens of billions of dollars of direct and indirect costs each year as HAIs prolong hospital 
treatment, increase morbidity and mortality. Photodisinfection, we believe, is ideally suited for this 
application given its proven antimicrobial efficacy combined with its excellent safety profile." 
 
About Healthcare-Associated Infections 
 
Healthcare-associated infections (HAIs) occur when a patient acquires an infection during the course of 
treatment at, or a visit to, a healthcare facility. The World Health Organization has called healthcare- 
associated infections one of the biggest causes of avoidable harm and unnecessary deaths in the developed 
world. Every year in the UK, hundreds of thousands patients develop HAIs that prolong hospital treatment, 
increase morbidity & mortality, and add an estimated GBP 1 billion to healthcare costs. More than 5,000 people 
die every year as a result of these infections. In the US, 1.7 million HAIs occur annually, resulting in more 
than 99,000 deaths. On average, HAIs add 19 days to a patient's hospital stay, and increase medical expenses by 
more than US$45,000. The US Centers for Disease Control and Prevention estimate that HAIs add $35-$45 billion 
in costs to the healthcare system every year. 
 
About Urinary Tract Infections 
 
Urinary tract infections, or UTIs, are the most common type of healthcare-associated infection, accounting for 
more than 30% of all reported cases. Urinary catheters, which are inserted in more than five million patients 
each year in the US, are associated with 75% of these infections. These patients are placed at higher risk of 
developing an infection in their urinary tract. Long term urinary catheterization is used on patients who are 
immobile. As a result of catheterization, UTIs affect 10%-12% of all urinary catheter users, adding billions of 
dollars in additional costs to the healthcare system, and killing over 13,000 patients in the US every year. 
 
About Ondine Biomedical Inc. 
 
Ondine is developing non-antibiotic therapies for the treatment of a broad spectrum of bacterial, fungal and 
viral infections. The Company is focused on developing leading edge products utilizing its patented light- 
activated technology, primarily for the healthcare-associated infection (HAI) market. Photodisinfection 
provides broad-spectrum antimicrobial efficacy without encouraging the formation and spread of antibiotic 
resistance. The Company is based in Vancouver, British Columbia, Canada, with a research and development 
laboratory in Bothell, Washington, USA. For additional information, please visit the Company's website at: 
www.ondinebio.com. 
 
Forward-Looking Statements: 
 
Certain statements contained in this release containing words like "believe", "intend", "may", "expect" and 
other similar expressions, are forward-looking statements that involve a number of risks and uncertainties. 
Factors that could cause actual results to differ materially from those projected in the Company's forward- 
looking statements include the following: market acceptance of our technologies and products; our ability to 
obtain financing; our financial and technical resources relative to those of our competitors; our ability to 
keep up with rapid technological change; government regulation of our technologies; our ability to enforce our 
intellectual property rights and protect our proprietary technologies; the ability to obtain and develop 
partnership opportunities; the timing of commercial product launches; the ability to achieve key technical 
milestones in key products and other risk factors identified from time to time in the Company's public filings. 
 
 
-30- 
 
FOR FURTHER INFORMATION PLEASE CONTACT: 
 
Ondine Biomedical Inc. 
Carolyn Cross 
Chairman and CEO 
ccross@ondinebio.com 
www.ondinebio.com 
 
OR 
 
Canaccord Genuity Limited 
Ryan Gaffney/Bhavesh Patel 
Nominated Adviser 
+4420 7050 6500 
 
 
 
 
Ondine Biomedical Inc. 
 

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