Category archives: Theranos

In 2017, the company said, the board of counselors will be retired.

Very wealthy people dazzled by founder Elizabeth Holmes stampeded to invest huge sums. Now they want their money back.

This is the first lawsuit against Theranos that’s seeking class-action status.

Walgreens was once Theranos’ largest partner.

It’s accusing the controversial blood-testing company of lying to get its money.

As a result, the company will let 340 people go.

The California-based company ran into trouble after the Wall Street Journal published a series of articles that suggested its devices were flawed.

Those technologies included a new ‘minilab’ product that can run a broad range of tests on a single desktop machine.

Earlier in July, Holmes was barred by a U.S. regulator from owning or operating a lab for at least two years.

Holmes was an entrepreneurial darling until it became apparent her miracle company was a sham.