The vision of blood-testing company Theranos would have been great for patients, doctors, and even drugstores: mini-labs right inside stores, with a whole suite of blood tests available in a small machine and results available from a few drops of blood. Only the company’s tests proved inaccurate, and Arizona, the state where its labs set up shop, is planning to sue the company. [More]
lab testing
Feds Impose Sanctions On Blood-Testing Startup Theranos And Its Founder
By 7.8.16
Lab testing startup Theranos started from a revolutionary idea: performing blood tests quickly and inexpensively using only a drop of blood. The idea may have been more revolutionary if the technology actually worked yet, and if its lab in California had been operating up to current standards. Now the federal government has imposed sanctions on the company, which include being unable to bill Medicare or Medicaid for its services, and its founder and CEO can’t own or run a laboratory for the next two years. [More]
