Genedrive PLC - Initial overseas orders of MT-RNR1 ID kit
Released
Released
Announcement PDF
RNS Number : 3761X
Genedrive PLC
20 December 2023
genedrive plc
("genedrive" or the "Company")
Initial overseas orders of the Genedrive® MT-RNR1 ID Kit
genedrive plc (AIM: GDR), the point of care Pharmacogenetic testing company, announces that
initial orders of the Genedrive® MT-RNR1 products have been received from France, Austria,
Greece, Saudi Arabia, Turkey and the Netherlands. This follows the Company recently confirming
that commercial distribution agreements for the genedrive test for antibiotic induced hearing loss
("AIHL") in a number of countries had been signed.
The initial orders will support genedrive's international distribution partners in promotion and incountry evaluation activities in their respective countries, to provide more extensive access to this
life-changing test.
James Cheek, Chief Executive Officer of genedrive plc, said: "We are delighted to see the first
orders come in from those countries we have signed distribution agreements with. We look forward to
the continued expansion of our international sales throughout 2024 as we drive forward with our
sales and marketing strategies and deliver value to our shareholders."
For further details, please contact:
genedrive plc
James Cheek: CEO / Russ Shaw: CFO
+44 (0)161 989 0245
Peel Hunt LLP (Nominated Adviser and
Broker)
James Steel / Patrick Birkholm
+44 (0)20 7418 8900
Walbrook PR Ltd (Media & Investor
Relations)
Anna Dunphy
+44 (0)20 7933 8780 or
genedrive@walbrookpr.com
+44 (0)7876 741 001
About genedrive plc (http://www.genedriveplc.com)
genedrive plc is a pharmacogenetic testing company developing and commercialising a low cost,
rapid, versatile, simple to use and robust point of need pharmacogenetic platform for the
diagnosis of genetic variations. This helps clinicians to quickly access key genetic information that
will help them make the right choices over the right medicine or dosage to use for an effective
treatment. Based in the UK, the Company is at the forefront of work on Point of Care
pharmacogenetics. Pharmacogenetics looks at how your genetics impacts a medicines ability to
work for you. Therefore, by using pharmacogenetics, medicines can be made safer and more
effective. The Company has launched its flagship product, the Genedrive® MT-RNR1 ID Kit, which
is a single-use disposable cartridge that circumvents the requirement for cold chain logistics by
providing temperature stable reagent test kits for use on their proprietary test platform. This test
allows clinicians to make a decision on antibiotic use within 26 minutes; ensuring vital care is
delivered with no negative impact on the patient pathway.
The Company has a clear commercial strategy focused on accelerating growth through
maximising in-market sales, geographic and portfolio expansion and strategic M&A, and operates
out of its facilities in Manchester.
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