Best of BusinessDesk: Inside prolonged collapse of MicroGEM

MicroGEM's registered office in the United States. (Image: Google)

Thu, 04 Jan 2024

This story by Riley Kennedy, published in October, was a popular read on BusinessDesk during 2023.It operated out of an unassuming backroom office-turned-laboratory off one of Dunedin’s main streets. But MicroGEM had millions of dollars from the United States health department and investors all over the world funding its attempt to develop a “simple-to-use and fast” saliva-based covid test. Despite its deteriorating financial position, it was even aiming for an initial public offering (IPO) on the London Stock Exchange in...

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