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Cue Health Inc. is a manufacturer of COVID-19 tests. In 2021, they were approved by the US Food and Drug Administration (FDA). This allows you to use the tests at home and buy them at the pharmacy without a prescription. It is important that Cue Health became the first manufacturer of diagnostic tools to receive such a permit. Currently, COVID-19 tests from Cue are used in 10 US states.
In 2020, Cue Health diagnostic tests were used by the National Basketball Association NBA to prevent the spread of coronavirus among team members in the so-called “bubble” in Florida.
According to the company's statement, other types of tests are currently being developed — all of them will be included in the Cue digital platform that manages health and medical care data.
In the first quarter of 2021, the company's revenue grew by a phenomenal 3971% (from $4.96 to $201.922 million).
Cue Health estimates that the targeted market for home diagnostics amounted to $10 billion in 2020. At the same time, in 2021, the market volume of COVID-19 diagnostics is $12 billion.
