Lucira Health falls after bankruptcy filling, plans to sell business

Lucira Health

23/02/2023 14:02

** Shares of medical test maker Lucira Health Inc  LHDX.O 
fall ~35% to $0.15 premarket, stock among top pct losers across
U.S. exchanges
    ** Co filed for bankruptcy protection late on Wednesday,
intends to pursue a sale of its business while continuing to
support customers during the Chapter 11 process
    ** LHDX expects to continue operations during the process
and seeks to complete an expedited sale process with Bankruptcy
Court approval
    ** On Tuesday, co notified all employees and executive
officers that their employment is expected to terminate on April
15
    ** Co lost ~99% in 2022
 (Reporting by Sriparna Roy)
 ((Sriparna.Roy@thomsonreuters.com;))