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Genedrive - Capital Network: FY 2017 Preliminary results: HepC test launch in sight

KEY INVESTOR MESSAGES
Genedrive - Capital Network: FY 2017 Preliminary results: HepC test launch in sight
  • Commercial launch of Genedrive® Hepatitis C (HCV) test expected to start in    the coming quarters (African markets)
  • Collaboration with the US Defense Department (bio-hazard program) to generate further income in the current fiscal year
  • Re-launch of Genedrive® MTB (tuberculosis) test in India is being reassessed
  • Divestment options for the Services business are being pursued
  • Cash position of £4.2mln as of 30 September 2017

UPCOMING MILESTONES

Over the next 6-12 months we expect genedrive to report significant business progress, particularly related to:

  • The launch of Genedrive® HCV test in several African markets, following the distribution agreement signed with Sysmex Europe
  • Reassessment of the commercial strategy for Genedrive® MTB test in India
  • Potential divestment of the Services business
Full report is available via Capital Network website
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Genedrive PLC Timeline

Related Researches

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March 28 2018

e-therapeutics reported results for the full year to Jan 31st 2018; business updates reflect good progress on the main research programs. Cash balance of £9.6mn was slightly higher than we expected, thanks to careful cost management.
 

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January 18 2018
  • Overall Genedrive PLC (LON: GDR) reported a business and financial update for the six months to December 2017 in line with expectations
  • Launch preparation of Genedrive® HCV test with partner Sysmex on track, expect sales to start coming through in CY2018
  • £1.3mln income from the ongoing collaboration with the US DoD, in line with expectations
  • Discussions for the disposal of the Services business are in progress
  • With £4.6mln of cash at end-2017, and given the company's expected cash burn, a capital raise in the next 12 months can't be ruled out
  • Full financial results for the six months to December 2017 to be published on March 20th
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April 03 2018

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