Cue Health to lay off remaining employees, shut down [Yahoo! Finance]
Cue Health Inc. (HLTH)
Last cue health inc. earnings: 11/6 06:00 am
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US:NASDAQ Investor Relations:
investors.nobilishealth.com/investors/overview/default.aspx
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Source: Yahoo! Finance
The layoffs, first reported by the The San Diego Union-Tribune , include all of Cue's U.S. employees and company leadership. Cue has undergone multiple rounds of layoffs in the past two years, announcing plans to cut nearly half of its staff earlier this month. The San Diego-based test maker had one product cleared by the Food and Drug Administration, a COVID-19 test, but the agency recently warned people to stop using it because of changes made to the test. Dive Insight: Cue, which built its business around a portable, molecular testing platform, grew quickly during the COVID-19 pandemic. The company struck agreements with Google and the NBA to provide COVID tests for both organizations and raised $200 million in an initial public offering in 2021. It also raised hundreds of millions of dollars through contracts with the Departments of Defense and Health and Human Services to provide COVID tests. Cue's fortunes changed when federal funding dried up and demand for COVID tests
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HLTH
News
- Cue Health to Pursue Wind Down of the BusinessBusiness Wire
- FDA Roundup: May 14, 2024 [Yahoo! Finance]Yahoo! Finance
- Cue Health Evaluating Warning Letter Received from Food and Drug Administration (FDA) [Yahoo! Finance]Yahoo! Finance
- Cue Health Evaluating Warning Letter Received from Food and Drug Administration (FDA)Business Wire
- Cue Health to Announce First Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
HLTH
Earnings
- 3/13/24 - Beat
HLTH
Sec Filings
- 5/28/24 - Form 8-K
- 5/21/24 - Form 4/A
- 5/17/24 - Form SC
- HLTH's page on the SEC website