When Walgreens and blood-testing startup Theranos partnered up in 2013, it seemed like a great idea for both companies and for patients. Inexpensive lab tests could be available right in neighborhood drugstores. Only the problem was that Theranos insisted on secrecy because of its new technology, and Walgreens wasn’t able to seriously investigate the tests or equipment. Now Walgreens has ended its partnership with Theranos. [More]
medical testing
Blood-Testing Startup Theranos Voids Test Results Dating Back 2 Years
By 5.19.16
Blood-testing startup Theranos started from a useful idea: why are we all carrying around tiny phonecomputers in our pockets, while the basic technology behind lab tests hasn’t changed much? The company developed new equipment that uses only a few drops of blood to run standard lab tests. The startup was worth billions, and partnered wtih Walgreens for in-store blood testing centers. Then it ran into a tiny problem with health regulators: the new tests didn’t work as well as advertised. [More]
