Ellume Enters Vonultary Admistration, page-3

Well thanks for posting, I missed this one.
The big fear of any company relying too much on Covid becomes real....

"ccording to reports lodged with ASIC since 2020, the company has lost $100 million due to a combination of Covid RATs becoming widely available in the US and also an expensive law suit that didn’t rule in their favour."

I don't know, but what Ellume did doesn't make much sense.
https://www.medtechdive.com/news/ellume-lawsuit-recalled-covid-19-tests/621088/

So, some people had their travel plans disrupted by false positives to the tune of a few grand.
Ellume, despite all their millions, couldn't resolve it.

A bit bonkers. Wow at the height of Covid, those tests were nasty expensive.