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Pin to quick picksGenedrive Share News (GDR)

Share Price Information for Genedrive (GDR)

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Genedrive to seek CE mark clearance for MT-RNR1 assay

Tue, 31st Aug 2021 12:05

(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.
Genedrive stated the MT-RNR1 assay will target the m.1555A>G mutation genotype, which if a baby carrying the mutation is given the antibiotic gentamicin, can cause lifelong deafness.

The AIM-listed firm said a large-scale implementation trial of the MT-RNR1 assay was performed on 750 newborns by Manchester and Liverpool Hospitals, representing the world's first use of a genetic point of care test in a neonatal intensive care setting and leading the firm to make improvements to the test's cartridge, instrument interface and data management options.

Genedrive will be seeking CE mark clearance for the new system in "the coming weeks" prior to commercial launch.

Chief executive David Budd said: "It has been very rewarding to see the positive effect of point of care AIHL testing, and the feedback and engagement of the NHS teams has been a tangible benefit to the Company and will ultimately be a key driver of adoption in the market place.

"Following this refinement of the overall AIHL system, we are looking forward to the impending commercial launch and the improved healthcare outcomes it will offer as an innovative point of care test in a NICU care setting."

As of 1335 BST, Genedrive shares were up 3.26% at 47.50p.
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19 May 2023 16:03

Genedrive jumps on draft NICE testing guidance

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19 May 2023 10:24

Genedrive says NICE committee recommends CYP2C19 for stroke patients

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31 Mar 2023 20:33

IN BRIEF: Genedrive sees acceleration of revenue in 2023

Genedrive PLC - Manchester, England-based point-of-care molecular diagnostics company - Reports revenue in the six months to December 31 of GBP20,000 compared to nothing a year prior, and an operating loss of GBP2.7 million from GBP2.8 million. Confident that the company will see an acceleration of revenues through 2023 and going forwards. Agrees GBP5 million equity prepayment facility with Riverfort Global Opportunities PCC Ltd with an initial drawn amount of GBP2 million, expected to be received in early April. Proceeds will be used towards the commercialisation of the antibiotic induced hearing loss test, Genedrive MT-RNR1 ID Kit and enhancing the Genedrive platform as well as providing additional working capital. Directors believe the facility is the best option available at present.

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30 Mar 2023 11:18

Genedrive MT-RNR1 ID kit receives final UK NICE recommendation for NHS

(Alliance News) - Genedrive PLC on Thursday said the UK National Institute for Health & Care Excellence ratified and finalised its recommendation that Genedrive's hearing loss gene screening test MT-RNR1 ID kit can be used by the NHS.

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Genedrive to roll out hearing loss screening in two NHS sites

(Alliance News) - Genedrive PLC on Monday reported further progress in the rollout of its hearing loss gene screening test in the UK.

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(Alliance News) - Genedrive PLC on Thursday said the UK National Institute for Health & Care Excellence has preliminarily recommended its antibiotic hearing loss test, the MT-RNR1 ID kit.

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