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LumiraDX Goes Public In SPAC Merger

 
• By Barnaby Pickering

Investors have been wary of LuminaraDX since its placement on NASDAQ, driving the share price down.

LumiraDX's testing protocol, featuring its central device. • Source: LumiraDX

CA Healthcare Acquisition Corp (CAHC) has completed its goal of buying a medtech company with its acquisition of the London-based LumiraDx, the two announced 28 September.

The merger, which makes LumiraDX a publicly traded company will “accelerate [the company’s] expansion across geographies and health conditions,” LumiraDX CEO Ron Zwanziger said.

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