Genedrive PLC - Antibiotic Induced Hearing Loss update
Released
Released
Announcement PDF
RNS Number : 9259Q
Genedrive PLC
03 March 2021
genedrive plc
("genedrive" or the "Company")
Antibiotic Induced Hearing Loss update
New clinical guidance in the UK supports assay
genedrive plc (AIM: GDR), the near patient molecular diagnostics company, provides an
update on its Antibiotic Induced Hearing Loss ("AIHL") assay.
As announced on the 3 December 2020, an 11 month implementation trial at
Manchester University NHS Foundation Trust and and Liverpool Women's Hospital
successfully concluded in November 2020. The results of the study will be published in a
peer reviewed journal. The study's primary outcomes were very positive, showing
genedrive's utility as the world's first rapid genetic test in an emergency care neonatal
setting. In excess of 750 babies were tested and 160 hospital staff were trained to
provide rapid testing in this critical care setting.
Since completion of the trial, there has been new clinical guidance in the UK1 on the
importance of the management of specific genetic mutations and their role in hearing
loss as a result of antibiotics ("ototoxicity"). Government and Society guidance are
considered a key factor influencing the speed and extent of future adoption. The
Company and Inspiration Healthcare Group plc (AIM: IHC), the distribution partner for
the AIHL assay, believe this will lead to increased demand for the genedrive AIHL test in
the UK. This new government guidance reminds healthcare professionals about the
impact of antibiotic related ototoxicity and to consider the need for genetic testing prior
to initiation of treatment. genedrive's assay is the only commercial point of care test
available for the testing of MT-RNR1, the most important mutation contributing to AIHL
in infants.
The launch of the genedrive AIHL assay remains on track for summer 2021 and the
Company is enthusiastic about both the commercial prospects and the clinical benefits
of this novel test to prevent potential irreversible hearing loss and this test becoming a
standard of care. The Company is executing initial stage key opinion leader engagement
in the UK alongside Inspriration Healthcare in preparation for commercial launch.
David Budd, CEO of genedrive plc, said: "We had the privilege of working with
Manchester University NHS Foundation Trust and Liverpool Women's Hospital throughout
2020 on the first deployment globally of a point of care test system to screen for MT-RNR1 - a
mitochondrial mutation closely associated with ototoxicity in infants. Despite the emergence
of COVID-19, our clinical partners showed huge dedication in keeping this important project
on-track, becoming the first in the world to generate valuable information on the utility of
this approach in an emergency care setting. As we see updated guidance and greater
awareness to the requirement for genetic testing, we only expect increased interest in our
novel assay."
1 https://www.gov.uk/drug-safety-update/aminoglycosides-gentamicin-amikacintobramycin-and-neomycin-increased-risk-of-deafness-in-patients-with-mitochondrialmutations
For further details please contact:
genedrive plc
David Budd: CEO / Matthew Fowler: CFO
+44 (0)161 989 0245
Peel Hunt LLP (Nominated Adviser and
Joint Broker)
James Steel / Oliver Jackson
+44 (0)20 7418 8900
finnCap (Joint Broker)
Geoff Nash / Kate Bannatyne / Alice Lane
+44 (0)20 7220 0500
Walbrook PR Ltd (Media & Investor
Relations)
Paul McManus / Anna Dunphy
+44 (0)20 7933 8780 or
genedrive@walbrookpr.com
+44 (0)7980 541 893 / +44 (0)7876 741 001
About genedrive plc (http://www.genedriveplc.com)
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 Company has assays on
market for the detection of HCV, certain military biological targets, and has tests in
development for tuberculosis (mTB). The Company recently released a high throughput
SARS-CoV-2 assay and has in development a Genedrive® Point of Care version of the
assay, both based on Genedrive® chemistry.
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