Tag: Theranos Blood Testing

Complaints spark two federal investigations for Theranos
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Complaints spark two federal investigations for Theranos

PALO ALTO, CALIF -- Bad news for billionaire Elizabeth Holmes and her company Theranos. According to Ars Technica,  Therano 's is now  under two separate federal investigations following new rounds of accusations published in the Wall Street Journal earlier this week.  Therano 's has faced a barrage of incriminating accusations since October that it illegally deceived its customers about -- products and its services -- and never told the truth about some of its blood testing capabilities. Therano's initially gained prominence and bouts of skepticism earlier this year after it claimed that it could, perhaps,  perform a multitude of tests with just a few drops of blood (something generally unheard of).   Media reports at the time questioned the claims made by Therano's and founder Elizabe...
Therano ‘s fires back in open letter following latest WSJ offering
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Therano ‘s fires back in open letter following latest WSJ offering

That further accuses the company of even more wrong-doing. Beginning in October,  Therano 's was viciously accused of deceiving the public about a number of its products and the way it does business. The accusations came from unconfirmed and shaky sources via The Wall Street Journal, some of which, published an even more damning set of accusations on 21 December. Since, Therano 's has come out in defense of itself citing that they're "fully cooperating" with regulators and are "sure that nothing of the kind will be found".  Therano 's claimed in an open-letter ironically published in the Wall Street Journal that it was "not unusual for disgruntled employees to provide accusations after termination of employment to humiliate their employer". Via The Wall Street Journal
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