[BostonCard]

There are more details here:

https://endpts.com/founders-of-poop-test...investors/

The SEC brought those concerns to light in its complaint. Regulators claim that in order to generate revenue, Richman and Apte directed uBiome to fool doctors into ordering unnecessary tests and, despite several warnings from employees and their general counsel, ignored the need for the tests to meet certain health insurance company requirements.

    Defendants ignored these warnings and adopted and approved several improper billing practices that they knew, or were reckless in not knowing, fell below insurer requirements and thus, once discovered, would prompt insurers to reject reimbursement claims for uBiome’s clinical tests. Defendants engaged in deceptive acts to conceal facts pertinent to uBiome’s practices from the company’s general counsel, the uBiome board, prescribing doctors, and insurers.

BC

[BostonCard]

There are more details here:

https://endpts.com/founders-of-poop-test...investors/

The SEC brought those concerns to light in its complaint. Regulators claim that in order to generate revenue, Richman and Apte directed uBiome to fool doctors into ordering unnecessary tests and, despite several warnings from employees and their general counsel, ignored the need for the tests to meet certain health insurance company requirements.

    Defendants ignored these warnings and adopted and approved several improper billing practices that they knew, or were reckless in not knowing, fell below insurer requirements and thus, once discovered, would prompt insurers to reject reimbursement claims for uBiome’s clinical tests. Defendants engaged in deceptive acts to conceal facts pertinent to uBiome’s practices from the company’s general counsel, the uBiome board, prescribing doctors, and insurers.

BC