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Tom Richardson

Cellmid's Chinese takeaway still under review

Tom RichardsonJournalist

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In a rare case of the sharemarket mirroring life, a COVID-19-induced Chinese takeaway has turned into a real dog's breakfast.

Our cautionary tale starts when hair-loss treatment company Cellmid announced it had raised more than $6 million to buy point-of-care (PoCT) COVID-19 antibody tests from Chinese company Wondfo.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/rear-window/cellmid-s-chinese-takeaway-still-under-review-20200615-p552vo