At-home Covid test maker Lucira Health falls into Chapter 11 bankruptcy - San Francisco Business Times

  • 📰 SFBusinessTimes
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 68%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Why at-home Covid test maker Lucira Health filed for Chapter 11 bankruptcy

Lucira Health Inc. pushed through the Covid-19 pandemic to deliver one of the first at-home tests for the virus and survived a worker shortage that slowed production of its kits. In the end, the Emeryville company may be taken down by the flu.

Lucira generated $244.4 million in net revenue from the sales in the United States, European Union, Canada, Singapore, Taiwan and New Zealand, according to a bankruptcy court filing. But as testing has waned over the past two years of the pandemic, so did Lucira's potential for funneling revenue from its $75, single-use, palm-sized Covid test into development of other tests.The company, originally called DiAssess Inc.

Lucira's board on Oct. 20 decided to cut 56 employees — about 25% of its workforce — then another 97 employees in a second round of job eliminations completed in January. The company now has 63 employees and $4.5 million cash, according to Narido's declaration to the bankruptcy court. None of the parties was willing to engage in an out-of-court transaction to buy or finance Lucira's business.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 78. in RU

Россия Последние новости, Россия Последние новости