Oxford BioDynamics (GB:OBD) has released an update.
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Oxford BioDynamics, a precision clinical diagnostics company, reports growth in test sales and cost reductions after restructuring to focus on its EpiSwitch platform’s PSE and CiRT tests. With a 25% increase in CiRT orders and an 86% increase in PSE test orders in the second half of the financial year, the company has also initiated a strategic review to explore funding options and potentially restructure its US business. This proactive approach comes as the company prepares for additional cash needs by early Q1 of 2025.
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