Genedrive makes first commercial sales of CYP2C19-ID testing kit.


Pharmacogenetic testing firm Genedrive said on Monday that it has made the first UK commercial sales of its CYP2C19-ID testing kit.

Genedrive

Source: Sharecast

Genedrive stated that following the UK's National Institute for Health and Care Excellence final published guidance that CYP2C19 genotyping should be used to guide clopidogrel use after Ischaemic Stroke or Transient Ischaemic Attack, and that the Genedrive CYP2C19-ID test should be used as the test of choice for point of care strategies, an initial £100,000 order for its CYP2C19-ID Kit and instruments has been received to support an implementation assessment at Greater Manchester's Comprehensive Stroke Centre.

The AIM-listed group stated that after factoring in potential improvements in patient outcomes in addition to direct healthcare financial savings, implementation of CYP2C19 genotyping in IS/TIA has the potential value to the NHS of approximately £91.0m and £454.0m over one and five years, respectively.

Chief executive Dr Gino Miele said: "With recent NICE guidance recommending CYP2C19 genotyping strategies in the UK NHS for IS and TIA patients in the NHS who are eligible for receiving the antiplatelet Clopidogrel, and recommending our test as the point-of-care platform of choice, these initial first-sales of our CYP2C19 ID-kit in the UK to one of the largest stroke centres nationally is a key initial milestone in our CYP2C19 commercialisation strategy, and further strengthens our pharmacogenetic positioning strategy in emergency care more broadly."

As of 0900 BST, Genedrive shares were up 3.21% at 3.28p.

Reporting by Iain Gilbert at Sharecast.com


ISIN: GB00B1VKB244
Exchange: London Stock Exchange
Sell:
0.50 p
Buy:
0.60 p
Change: 0.02 ( 3.90 %)
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.