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Currently Browsing: Results for Tag "theranos"

Theranos CEO banned from operating lab for 2 years

Theranos CEO banned from operating lab for 2 years Things are not looking good for the once-lauded blood testing startup Theranos.Following an investigation, US federal health regulators have imposed stiff penalties against the firm, including barring CEO Elizabeth Holmes from owning a lab for two years, withdrawing regulatory approval for the company’s California lab, and an unspecified monetary fine.

Theranos will stop operating labs and fire 40% of its workers, plans to sell devices instead

Theranos will stop operating labs and fire 40% of its workers, plans to sell devices instead Embattled medical testing firm Theranos has made the decision to get out of the laboratory testing industry.This is a major reversal for the company, following government scrutiny that resulted in a 2-year ban on CEO Elizabeth Holmes running a laboratory.