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The latest update is out from Cue Health (HLTH).
Cue Health Inc. is facing significant changes as Ayub Khattak and Rishi Reddy have resigned from the Board of Directors, with no disagreements with the company cited as reasons. Amidst these board departures, the company’s Annual Meeting was adjourned without any actions on shareholder proposals. Additionally, the company has temporarily halted sales of its EUA COVID-19 Test Cartridge following a warning from the FDA and is working to address the issues. Finally, Cue Health has announced a delayed filing of its Quarterly Report, attributing the delay to workforce reductions.
For a thorough assessment of HLTH stock, go to TipRanks’ Stock Analysis page.