ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

GDR Genedrive Plc

5.375
-0.25 (-4.44%)
Last Updated: 08:44:39
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Genedrive Plc LSE:GDR London Ordinary Share GB00B1VKB244 ORD 1.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -4.44% 5.375 5.25 5.50 5.625 5.375 5.625 650,360 08:44:39
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coml Physical, Biologcl Resh 55k -5.15M -0.0447 -1.20 6.18M

Genedrive PLC NHS Ethics approval for use of AIHL test in trials

07/10/2019 7:00am

RNS Non-Regulatory


TIDMGDR

Genedrive PLC

07 October 2019

genedrive plc

("genedrive" or the "Company")

NHS Ethics approval for use of AIHL test in hospital trials

First ever research ethics approval for a neonatal point of care genetic test

Opportunity for widespread NHS adoption of test for prevention of hearing loss in newborns

genedrive plc (AIM: GDR), the near patient molecular diagnostics company, announces that full ethics approval from the NHS Health Research Authority and ethics committee has been received for the use of the Company's Antibiotic Induced Hearing (AIHL) test in hospital trials for clinical validation. The Company believes that this represents the world's first ethical approval for a point of care genetic test used to influence neonatal management in an acute setting.

The novel AIHL test, which genedrive has developed for evaluation by the Manchester Centre of Genomic Medicine, will be used in the PALOH ("Pharmacogenetics to Avoid Loss of Hearing") study involving approximately 1,000 patients from two large UK intensive care units. The trial is planned to commence in November 2019 and run for circa six months.

The Genedrive(R) MT-RNR1 screening assay targets individuals with the m.1555A>G genotype, which is estimated to occur in 1:500 people. If a baby who has the mutation is given gentamicin, they can go profoundly deaf. In the UK alone, there are approximately 90,000 babies treated for bacterial infections with gentamicin each year that are candidate patients for this screening test.

The test is performed on the Genedrive molecular platform, using a single-use, disposable cartridge, and can deliver a rapid genetic result in under 30 minutes, allowing the opportunity to alter treatment as needed within the one hour treatment window stated in the current NICE treatment guidelines.(1)

The simple test has been developed for use by the nursing staff in a point of care setting. The primary objective of the PALOH study will be to show how well the Genedrive(R) MT-RNR1 test platform can be implemented into the current neonatal emergency admissions process.

genedrive intends to demonstrate the health economic benefits of the test to the NHS to gain adoption, in addition to European healthcare settings. Successful implementation of the Genedrive test would be a first in the integration into emergency care settings of a rapid decision making, genetic-based test for safe antibiotic use in the UK NHS.

David Budd, Chief Executive Officer of genedrive plc, said: "We are very pleased with our involvement in the PALOH study, and the progress we and our colleagues in Manchester and Liverpool have made to date is truly impressive. This type of test fits very well with our strengths - single use, low complexity, cost effectiveness and rapid speed to result. The opportunity to bring the power of molecular testing in a point of care acute setting will undoubtedly significantly improve the lives of patients both in this trial and in future adoption of MT-RNR1 testing."

Notes

1. National Institute for Health and Care Excellence, Neonatal infection (early onset): antibiotics for prevention and treatment (2012) NICE

For further details please contact:

 
 genedrive plc                                                       www.genedriveplc.com 
 David Budd, CEO                                                      +44 (0)161 989 0245 
 Matthew Fowler, CFO 
 
 Walbrook PR Ltd (Media Relations &       +44 (0)20 7933 8780 or genedrive@walbrookpr.com 
  Investor Relations) 
                                                        +44 (0)7980 541 893 / +44 (0)7876 
 Paul McManus / Anna Dunphy                                                       741 001 
 
 

Notes to Editors

About genedrive plc

genedrive plc is a molecular diagnostics company developing and commercialising a low cost, rapid, versatile, simple to use and robust point of need molecular diagnostics platform for the diagnosis of infectious diseases and for use in patient stratification (genotyping), pathogen detection and other indications. The Genedrive(R) HCV-ID test has received CE-IVD Certification and has been launched in Africa and Asia Pacific. genedrive has distribution agreements with subsidiaries of Sysmex Corporation for the distribution of the Genedrive(R) platform in the EMEA and SE Asia (ex-India), and with ARKRAY Healthcare pvt Ltd for the distribution of the Genedrive(R) HCV ID Kit and Genedrive(R) platform in India. The company also has test in development for tuberculosis (MTB) and Antibiotic Induced Hearing Loss (AIHL)

Further details can be found at: www.genedriveplc.com and www.genedrive.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

NRAFSSFILFUSEFS

(END) Dow Jones Newswires

October 07, 2019 02:00 ET (06:00 GMT)

1 Year Genedrive Chart

1 Year Genedrive Chart

1 Month Genedrive Chart

1 Month Genedrive Chart

Your Recent History

Delayed Upgrade Clock