Market's view on Ondine Biomed
Published on April 2024
- Destiny’s XF-73 is described as equally effective to OND’s product, immune to resistance issues, and does not require a machine for activation, presenting a competitive challenge to OND.
- Destiny’s products potentially target a larger market as they are applicable outside clinical settings.
- Concerns are raised about the need for OND to secure financing to stabilize its share price.
- Stock Watcher highlights that OND’s Steriwave technology is experiencing significant revenue growth and commercial momentum, with revenues nearly doubling and hospital deployments increasing.
- The company is reportedly forming strategic inroads into the NHS in England and has made its first hospital deployment in Australia.
- Distribution partnerships are under discussion to potentially accelerate growth and geographical reach.
- There is mention of a planned expansion into Intensive Care Units, aiming to replace commonly used antibiotics with Steriwave technology.
- There are plans for a US Phase 3 clinical trial in collaboration with HCA Healthcare, which could facilitate FDA approval and adoption in the US.
- OND is described as having received funding support indications, which could extend its operational runway.
- Stock Watcher comments on the dire need for OND to address its financing to attract potential investors.
- There is a concern about how the pricing and adoption of Steriwave depend on individual clinicians’ discretion.
- A detailed description of Steriwave’s benefits and its broad-spectrum efficacy, which offers a rapid non-antibiotic approach to decolonizing the nose, reducing hospital-acquired infections, and addressing antimicrobial resistance.