MicroGEM parent owes $44m according to UK liquidator

MicroGEM's operations were largely run out of this Dunedin office building. (Image: Google)

Mon, 30 Oct 2023

The liquidator of MicroGEM’s ultimate parent in the United Kingdom – which was planning to list on the stock market this year – believes the entity owes roughly $44 million.The country’s employment court has also ruled the biotech company made “unlawful” deductions from multiple employees’ wages.During the pandemic, MicroGEM was given US$41m (NZ$70.4m) to help fund the development of a box-style mobile machine that was pitched to return a covid test result within 25 minutes. Before that, it had bee...

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