Hydrix share price rockets 250% following announcement

The Hydrix share price skyrocketed 215% by 3pm today following the company's positive AngelMed Guardian device announcement.

The Hydrix Ltd (ASX: HYD) share price blasted off today (and that's no exaggeration), gaining more than 253% to trade at 31.5 cents just prior to the market's close. And this on a day when the All Ordinaries Index (ASX: XAO) is down 0.8%. So what's driving the Hydrix share price, a small company with a market capitalisation of only $28 million?

Digitised heart rate and share price chart with man on ipad in background signifying share price

Image source: Getty Images

Hydrix share price leaps on implantable heart attack warning system

The Hydrix share price took off after the medical product innovation company released an announcement to the ASX today reporting success with the first supply and implant of its AngelMed Guardian device.

AngelMed is the first implantable heart attack warning system to receive approval by the United States Food and Drug Administration (FDA). The company announced that four of its implants were performed in Singapore last week and that all four patients have now been released from hospital.

Hydrix medical field Clinical Engineers supported each implant via real-time remote support from Angel Medical Systems staff in the US.

The latest good news for Hydrix follows the company's 13 March announcement that it had acquired an exclusive 7-year distribution agreement for AngelMed Guardian spanning eight Asia Pacific countries.

A significant milestone

Addressing the company's latest success, Gavin Coote, Hydrix Executive Chairman said:

"The AngelMed Guardian implants are a significant milestone for Hydrix and AngelMed. This achievement demonstrates strong execution of our buy, build, invest strategy to create product revenue and earnings streams, and of equal importance, reflects progress in our aspiration to meaningfully improve a billion lives".

Founder and Chairman of Angel Medical Systems David Fischell added:

"We are very pleased with the success of these first Asia Pacific implants and excited about the large potential market opportunity. It has been a global team effort in getting to this point…"

The implanted devices will gather data over a 2-week period to establish each patient's baseline heart signal before the device is calibrated and the alarm configuration customised.

AngelMed Guardian uses artificial intelligence and machine learning algorithms to monitor patients' heart signals to warn of acute coronary syndrome events, including silent heart attacks.

The company estimates 500,000 people annually suffer from an acute coronary syndrome event in the top four Asia Pacific countries it is initially targeting.

With today's meteoric rise, the Hydrix share price is up 43% year to date.

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on ASX Share Market News

A man sits in casual clothes in front of a computer amid graphic images of data superimposed on the image, as though he is engaged in IT or hacking activities.
Broker Notes

Top brokers name 3 ASX shares to buy next week

Brokers gave buy ratings to these ASX shares last week. Why are they bullish?

Read more »

A woman crosses her hands in front of her body in a defensive stance indicating a trading halt.
ASX Share Market News

ASX 200 defensive sectors outperform amid volatile trading

Investors favoured utilities, healthcare, and ASX REITs last week.

Read more »

A man and woman sit next to each other looking at each other and feeling excited and surprised after reading good news about their shares on a laptop.
Opinions

Buy, hold, sell: BHP, Westpac, and Zip shares

I weigh up the outlook for three popular shares to see which ones I would buy today.

Read more »

Five young people sit in a row having fun and interacting with their mobile phones.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a happy end to the trading week this Friday.

Read more »

Female miner standing smiling in a mine.
Broker Notes

3 ASX mining shares with 43% to 322% upside ahead: brokers

The miners remain on an upward trajectory despite the broader market weakening in 2026.

Read more »

A woman stretches her arms into the sky as she rises above the crowd.
Broker Notes

9 ASX 200 shares upgraded by brokers this week

Brokers have increased their ratings on Northern Star, Challenger, Rio Tinto, and other stocks.

Read more »

Small kid giving a thumbs up.
Broker Notes

6 ASX shares to buy in today's weak market: experts

Brokers have reaffirmed their buy calls on Xero, NextDC, IAG, PLS, and other shares this week.

Read more »

A man stands at the bottom of a spiral staircase looking up.
Broker Notes

6 ASX shares downgraded by experts this week

Brokers reduced their ratings on AMP, SKS Technologies, Fortescue, and other stocks. 

Read more »