Nelson Vergel
Founder, ExcelMale.com
Troubled biotech firm Theranos Inc. has reportedly told regulators that two years of results from its blood-testing machines have been voided, meaning that tens of thousands of patients could have been given incorrect results.
The company and its founder Elizabeth Holmes were once the darlings of investors, earning a valuation of $9 billion in 2014 on the back of claims that new technology in their Edison brand machines would revolutionize medical testing. But federal regulators have found major problems at Theranos' California laboratory, and are considering banning Holmes from being involved in lab tests for two years.
The Wall Street Journal, which first raised questions over the accuracy of testing by the company last year, reports that Theranos has told health care regulator the Centers for Medicare and Medicaid Services that all Edison test results from 2014 and 2015 have been thrown out.
http://time.com/4341219/theranos-invalidated-blood-test-results/
The company and its founder Elizabeth Holmes were once the darlings of investors, earning a valuation of $9 billion in 2014 on the back of claims that new technology in their Edison brand machines would revolutionize medical testing. But federal regulators have found major problems at Theranos' California laboratory, and are considering banning Holmes from being involved in lab tests for two years.
The Wall Street Journal, which first raised questions over the accuracy of testing by the company last year, reports that Theranos has told health care regulator the Centers for Medicare and Medicaid Services that all Edison test results from 2014 and 2015 have been thrown out.
http://time.com/4341219/theranos-invalidated-blood-test-results/
