Genedrive PLC - Department for Business and Trade feature
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Released
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RNS Number : 0130L
Genedrive PLC
05 November 2024
genedrive plc
("genedrive" or the "Company")
Genedrive featured in UK Government Department for Business and Trade spotlight on
UK genomics
genedrive plc (AIM: GDR), the point of care pharmacogenetic testing company, is pleased to
announce that it has been featured in the UK Government Department for Business and Trade
("DBT") publication "UK Genomics Spotlight 2024: Celebrating success and looking ahead"
The document is available athttps://eu.eventscloud.com/website/6238/life-sciences/.
The
reporthighlights the UK's depth and breadth of expertise for export as world leaders in the field of
genomics, as well as opportunities for investing in the UK. It describes the ecosystem which has
enabled the delivery of genomic medicine in the UK and expertise in various national initiatives
and programmes which are contributing to the genomics landscape of the future.
The DBT has produced the Genomics Spotlight 2024 to showcase the UK's expertise in genomics
and latest developments that make the UK a hub for genomics business and investment, and has
worked closely with the NHS, including NHS England and all three of the devolved nations, as well
as encouraging input from several key organisations and companies in the UK.
The document showcases UK capabilities in genomics, with the aim to promote this sector to
markets around the world, to promote UK plc and the healthcare institutions in place. It highlights
both the export potential of UK companies, as well as the investment potential across the wider
NHS infrastructure and research institutes, being a reminder of the world leading genomics
capabilities of the UK, from the NHS Genomic Medicine Service, to world leading institutions and
research cohorts, and the ever-expanding innovation of UK small businesses.
Gino Miele, CEO of genedrive plc, said:"We are delighted to be featured in this spotlight
document from the UK Department for Business and Trade on UK genomics capabilities. Genedrive
are at the forefront of enabling near-patient pharmacogenetic testing in emergency care paradigms
and recognition in features such as this ultimately facilitate education, awareness and promotion of
our innovative products in both domestic and international markets."
For further details please contact:
genedrive plc
Gino Miele: 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
orgenedrive@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 and simple to use point of need pharmacogenetic platform for the diagnosis of
genetic variants. This helps clinicians to quickly access key genetic information that will aid them
make the right choices over the right medicine or dosage to use for an effective treatment,
particularly important in time-critical emergency care healthcare paradigms. Based in the UK, the
Company is at the forefront of Point of Care pharmacogenetic testing in emergency healthcare.
Pharmacogenetics informs on how your individual genetics impact a medicines ability to work for
you. Therefore, by using pharmacogenetics, medicine choices can be personalised, made safer
and more effective. The Company has launched its two flagship products, the Genedrive® MTRNR1 ID Kit and the Genedrive® CYP2C19 ID Kit, both developed and validated in collaboration
with NHS partners and deployed on its point of care thermocycler platform. Both tests are singleuse disposable cartridges which are ambient temperature stable, circumventing the requirement
for cold chain logistics. The Directors believe the Genedrive® MT-RNR1 ID Kit is a worlds-first and
allows clinicians to make a decision on antibiotic use in neonatal intensive care units within 26
minutes, ensuring vital care is delivered, avoiding adverse effects potentially otherwise
encountered and with no negative impact on the patient care pathway. Its CYP2C19 ID Kit which
has no comparably positioned competitor currently allows clinicians to make a decision on the
use of Clopidogrel in stroke patients in 70 minutes, ensuring that patients who are unlikely to
benefit from or suffer adverse effects from Clopidogrel receive an alternative antiplatelet
therapeutic in a timely manner, ultimately improving outcomes. Both tests have undergone
review by the National Institute for Health and Care Clinical Excellence ("NICE") and have been
recommended for use in the UK NHS. 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.
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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