- Brisbane-based company Ellume Limited moves into voluntary administration
- The company grappled with false-positives with their RATS and stock recalls
- Ellume became the first to make rapid antigen tests (RATs) for the US
- John Park and Joanne Dunn of FTI Consulting named as voluntary administrators
- November 2021, 2.2 million DIY Covid tests had to be recalled by the company
- Was due to increased concerns tests would produce false-positive readings
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An Australian biotech success story that ‘sparked a revolution in the way infectious diseases are diagnosed’ has gone into voluntary administration despite being the first company Down Under to send rapid antigen tests to the US.
Brisbane-based company Ellume Limited announced on Thursday it was putting its Australian arm into administration to find ‘the best path to secure the viability of the business’.
The American part of the business, Ellume USA LLC, has not gone into voluntary administration and will…