Inside prolonged collapse of MicroGem

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

Mon, 16 Oct 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 the second half of this year.Behind the scenes, however, internal legal threats were being sent,...

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