Archer Materials Teams Up with Canadian Medical Device Company on Kidney Disease Testing Product; Shares Fall 5%

MT Newswires Live

2025/04/01

Archer Materials (ASX:AXE) partnered with Canadian medical device company Hylid Diagnostics to develop a potassium measurement product for testing chronic kidney disease in its Biochip project, according to a Monday filing with the Australian bourse.

The partnership will use the company's potassium sensing technology and Hylid Diagnostics' blood hemolysis sensor technology to develop a prototype cartridge system, the filing said.

The companies are developing a detailed work plan for the next few months, according to the filing.

Archer Materials shares fell 5% in midday trade Tuesday.

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