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.
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