Archer Materials (ASX:AXE) Secures US Patent for Biochip Technology
Patent Grant Details
Archer Materials Limited (ASX: AXE) has been granted a significant US patent for its Biochip technology, safeguarding its intellectual property (IP) rights in the United States. This patent, designated as Patent No. 12202730, protects the developments surrounding the graphene complexes and their compositions used in biomolecular sensing through the Biochip.
The US market is vital for Archer’s commercialisation plans due to its status as the largest medical diagnostics market globally. The grant serves as a crucial milestone in enhancing the company’s IP portfolio and allows it to explore collaborations with medical device partners within the US.
Technological Advancements
Archer has successfully developed innovative methods to modify the graphene surface, enabling complex chemical reactions involving inorganic compounds. These advancements will contribute significantly to the Biochip’s success in detecting potassium levels in blood, addressing a critical health issue.
Commenting on the milestone, Greg English, Executive Chair of Archer, stated, “The Archer Biochip team has made great progress in the development and design of the graphene biosensing technology, and this US Patent protects their hard work. The grant is a critical milestone for the Biochip program.” He added, “The US represents a key market for the sale of our Biochip in time, due to the size of the market and the rate of chronic kidney disease in the country.”
Future Outlook
With IP now protected, Archer Materials is well positioned to exploit its Biochip technology in the lucrative US market. The company remains focused on further advancing its biotechnology capabilities, leveraging its patented innovations to attract potential partnerships and drive commercial success.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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