Bay Area Covid-19 test maker Lucira goes bankrupt as demand for kits wanes

Australia News News

Bay Area Covid-19 test maker Lucira goes bankrupt as demand for kits wanes
Australia Latest News,Australia Headlines
  • 📰 mercnews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

The East Bay company listed assets of about $146 million and liabilities of about $85 million in its bankruptcy petition. The company will keep operating during bankruptcy as it seeks to sell itsel…

By Amelia Pollard | Bloomberg

Lucira Health Inc., a publicly traded maker of at-home Covid-19 tests, filed for Chapter 11 bankruptcy on Wednesday. Emeryville -based Lucira listed assets of about $146 million and liabilities of about $85 million in its bankruptcy petition. The company will keep operating during bankruptcy as it seeks to sell itself, according to a statement.

Lucira sells an at-home Covid test that provides “lab-quality results” in 30 minutes, according to its website. A single test is listed for $35 on the site.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

mercnews /  🏆 88. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bay Area weather updates: Large tree blocking several westbound lanes on Bay BridgeBay Area weather updates: Large tree blocking several westbound lanes on Bay BridgeCrews are quickly working to clean up a large tree that fell and blocked several westbound lanes on the Bay Bridge causing a massive backup Tuesday afternoon. As of 5 p.m., the CHP says the 1-4 lanes are open but the 5 lane is still closed.
Read more »

Bay Area weather updates: Some WB lanes of Bay Bridge reopen after downed tree causes backupBay Area weather updates: Some WB lanes of Bay Bridge reopen after downed tree causes backupThe third and fourth lanes of the Bay Bridge have reopened as of 4:52 p.m. after crews cleared out the downed tree, the CHP said. The fifth lane will remain closed for at least two more hours.
Read more »

High winds topple tree on Bay Bridge as PG&E prepares for next Bay Area stormHigh winds topple tree on Bay Bridge as PG&E prepares for next Bay Area stormThe upcoming Bay Area storm could see snow at lower elevations than usual, and high winds expected to cause thousands of power outages throughout the region.
Read more »

Bay Area Rep. Barbara Lee officially enters race for Sen. Feinstein's seatBay Area Rep. Barbara Lee officially enters race for Sen. Feinstein's seat'And even though there are no African American women in the United States Senate, we won't let that stop us either,' East Bay Congresswoman Barbara Lee said in her announcement video.
Read more »

Beer, pound cake, paella: Inspiring stories from Bay Area Black food entrepreneursBeer, pound cake, paella: Inspiring stories from Bay Area Black food entrepreneursMyles Burks of Concord Tap House, DeReath Times of San Jose’s DeeLee Cakes and Maurice Dissels of Pleasanton’s Oyo talk struggle, success and making their marks.
Read more »

Weather front brings gusty winds, cold temperatures, rain and snow to Bay AreaWeather front brings gusty winds, cold temperatures, rain and snow to Bay AreaHowling winds will announce Tuesday afternoon's arrival of a cold weather front that will send temperatures plunging, trigger rain showers and bring a dusting of snow to the Bay Area mountain tops.
Read more »



Render Time: 2025-03-01 04:50:09