Inside the legal drama embroiling a California startup that grossed billions selling COVID-19 tests - News Summed Up

Inside the legal drama embroiling a California startup that grossed billions selling COVID-19 tests


After immigrating to Los Angeles, Huang builds a COVID-19 testing company that is key to the United Kingdom weathering the pandemic. A deal was reached for the company to make 1 billion tests, Elliott said. Innova needed a U.K. company to submit its application and hand-deliver tests to a government laboratory evaluating drug company submissions, Elliott said. On Sept. 17, 2020, the government placed an initial $138 million order for tests, with Innova delivering 18 million in 15 days, Elliott said. Elliott, Kasprzak and Huang deny any wrongdoing.


Source: Los Angeles Times August 02, 2024 18:25 UTC



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