Google’s provider of at-home Covid-19 tests is now a $3 billion company traded on Nasdaq

CNBC September 24, 2021
Jennifer Elias

Key Points

– Cue Health debuted on the Nasdaq on Friday under ticker symbol “HLTH”

– Google has been using Cue Health’s at-home Covid-19 tests for employees since April, and is the company’s biggest private sector customer.

– The two companies plan to expand their partnership to create an “advanced respiratory biothreat detection system,” according to Cue Health’s prospectus.

In April, Google started sending at-home Covid-19 tests to its U.S. employees from a little-known start-up in San Diego called Cue Health.

Most of Cue Health’s business up to that point had come from a deal with the U.S. Department of Defense to provide rapid tests to the federal government. Google instantly became the health tech company’s biggest private sector customer.

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