AT1 2.50% 2.1¢ atomo diagnostics limited

Well thanks for posting, I missed this one.The big fear of any...

  1. 1,096 Posts.
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    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.
    Last edited by buildabridge: 09/09/22
 
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