Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGenedrive Share News (GDR)

Share Price Information for Genedrive (GDR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.875
Bid: 1.85
Ask: 1.90
Change: 0.20 (11.94%)
Spread: 0.05 (2.703%)
Open: 1.75
High: 1.925
Low: 1.70
Prev. Close: 1.675
GDR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Genedrive infant hearing loss test gets CE mark

Mon, 18th Nov 2019 16:00

(Sharecast News) - Molecular diagnostics company Genedrive announced on Monday that its antibiotic-induced hearing loss test, the 'Genedrive MT-RNR1 ID' kit, has obtained CE marking.
The AIM-traded firm said the kit would be used in critical care settings, to screen babies for a genetic mutation, which if present could cause lifelong deafness when they are given certain antibiotics.

It said the RNR1 test was believed to be the first example of a commercial genetic screening test designed for use in an infant emergency care environment.

Genedrive explained that some infants are born with a mutation in their MT-RNR1 gene, making them susceptible to lifelong, profound hearing loss if given the frontline antibiotic 'gentamicin'.

Infants with suspected infection need to be treated with antibiotics within one hour of arriving in a neonatal intensive care unit under national guidelines, but the current genetic tests that check the risk of hearing loss associated with gentamicin treatment are done from a hospital's centralised genetics department, and typically take between three and five days to return results.

The Genedrive test would allow patients to be screened for the mutation upon admission in less than 30 minutes, and those that are found to have the gene mutation could be prescribed an alternative, safer treatment.

"We are very pleased to have achieved this important milestone, pioneering the availability of the first genetic acute care test for infants," said chief executive officer David Budd.

"CE marking of our RNR1 test allows for the next phase, with implementation evaluation by our NHS partners in Manchester and Liverpool.

"At the same time, we will look to the opportunities outside of the UK where CE marking gives us market entry."

Professor William Newman, clinical head of division in genomic medicine at Manchester University NHS Foundation Trust, added that the trust had been "very pleased" to partner with Genedrive in the development and availability of the antibiotic induced hearing loss test.

"We are planning to deploy the use of the test across Manchester and Liverpool for the next six to eight months, to show how it can be successfully implemented in an NHS environment.

"There is a huge level of enthusiasm on the sites amongst our neonatal consultants, nursing staff, and patient groups as we launch a truly novel genetic test that offers the possibility of improving the lives of thousands of babies and their families."

At 1253 GMT, shares in Genedrive were up 13.51% at 21p.
More News
29 Sep 2021 18:23

TRADING UPDATES: Fulham Shore mulls dividend; LoopUp swings to loss

TRADING UPDATES: Fulham Shore mulls dividend; LoopUp swings to loss

Read more
29 Sep 2021 13:08

Genedrive gets CE-IVD marking for new system platform

(Sharecast News) - Near-patient molecular diagnostics company Genedrive announced on Wednesday that the new-generation 'Genedrive System' platform, which was developed to support the commercial launch of the 'Genedrive MT-RNR1' ID kit, had now received CE-IVD marking in anticipation of launch in the UK and the European Union.

Read more
23 Sep 2021 16:03

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
10 Sep 2021 16:14

TRADING UPDATES: Argo gets GBP18 million loan; Genedrive fundraises

TRADING UPDATES: Argo gets GBP18 million loan; Genedrive fundraises

Read more
31 Aug 2021 21:35

TRADING UPDATES: Jet2 in bumper Airbus order; Strix China factory live

TRADING UPDATES: Jet2 in bumper Airbus order; Strix China factory live

Read more
31 Aug 2021 12:05

Genedrive to seek CE mark clearance for MT-RNR1 assay

(Sharecast News) - Molecular diagnostics company Genedrive said on Tuesday that it will soon launch its MT-RNR1 assay, used for the detection of antibiotic-induced hearing loss in newborns.

Read more
1 Jul 2021 19:26

TRADING UPDATES: Gym Group bulks up with placing; 88 Energy debt free

TRADING UPDATES: Gym Group bulks up with placing; 88 Energy debt free

Read more
1 Jul 2021 09:52

Genedrive makes progress with Covid-19 test development

(Sharecast News) - Molecular diagnostics company Genedrive updated the market on the development of its 'COV19-ID Kit', a rapid point-of-care molecular test for SARS-CoV-2 detection designed for its 'Genedrive instrument', on Thursday.

Read more
25 Jun 2021 14:39

IN BRIEF: Genedrive receives Indian import license for Covid test kit

IN BRIEF: Genedrive receives Indian import license for Covid test kit

Read more
30 Apr 2021 13:16

Genedrive Covid-19 test formally approved in India

(Sharecast News) - Molecular diagnostics company Genedrive announced on Friday that the 'Genedrive 96' SARS-CoV-2 kit had been formally approved by the Indian Council of Medical Research (ICMR).

Read more
30 Apr 2021 10:51

Genedrive shares surge after Covid test approved by Indian regulator

Genedrive shares surge after Covid test approved by Indian regulator

Read more
30 Apr 2021 10:40

AIM WINNERS & LOSERS: Hurricane Energy warns of "significant dilution"

AIM WINNERS & LOSERS: Hurricane Energy warns of "significant dilution"

Read more
23 Apr 2021 10:02

Genedrive says study shows kit is effective at diagnosing Hepatitis C

Genedrive says study shows kit is effective at diagnosing Hepatitis C

Read more
19 Apr 2021 14:10

UPDATE: Yourgene wins further national framework contract award

UPDATE: Yourgene wins further national framework contract award

Read more
19 Apr 2021 12:46

IN BRIEF: Genedrive included in Public Health England framework

IN BRIEF: Genedrive included in Public Health England framework

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.