BUZZ-Australia's Hydrix soars after $1.8 mln contract extension with European firm

Reuters

2025/01/23

** Shares of Hydrix HYD.AX rise as much as 180% to A$0.028

** Medical device distributor rose as much as 220% earlier in the day, posting their biggest intraday jump since mid-Aug, 2020

** Shares hit highest level since late August 2023, earlier in the day

** Co says its unit, Hydrix Services, enters A$2.8 mln ($1.76 mln) contract extension with European medical device co Paul Hartmann AG

** Co signed agreement with Hartmann in late May 2024 to provide product development services

** Co expects contract works to be completed by the end of September 2025

** Stock down 9.1% this year, as of last close

($1 = 1.5949 Australian dollars)

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com))

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09:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Hydrix soars after $1.8 mln contract extension with European firm</title></head><body><p>** Shares of Hydrix <span>HYD.AX</span> rise as much as 180% to A$0.028</p><p>** Medical device distributor rose as much as 220% earlier in the day, posting their biggest intraday jump since mid-Aug, 2020</p><p>** Shares hit highest level since late August 2023, earlier in the day</p><p>** Co says its unit, Hydrix Services, <span>enters</span> A$2.8 mln ($1.76 mln) contract extension with European medical device co Paul Hartmann AG</p><p>** Co <span>signed</span> agreement with Hartmann in late May 2024 to provide product development services</p><p>** Co expects contract works to be completed by the end of September 2025</p><p>** Stock down 9.1% this year, as of last close </p><p>($1 = 1.5949 Australian dollars)</p><p> (Reporting by John Biju in Bengaluru)</p><p> 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