Bedeviled Theranos Brings On Compliance, Regulatory Executives
Theranos said the hires were the “latest in a series of significant actions Theranos has taken to ensure that it meets the highest standards in its laboratories, medical products and operations.”
The Wall Street Journal:
Theranos Hires Compliance, Regulatory Executives
Theranos Inc. said Thursday it hired two executives and formed a new board committee focused on quality and regulatory control, as the blood-testing startup contends with heavy regulatory sanctions and a criminal probe. Earlier this month, regulators decided to revoke Theranos’s license to operate a lab in California because of unsafe practices and to ban founder and Chief Executive Elizabeth Holmes from the blood-testing business for at least two years. The most serious sanctions, such as the ban of Ms. Holmes, won’t go into effect for at least another month. Theranos has said it is seeking to resolve its issues with the regulator and could also appeal the sanctions to an administrative judge. (Hufford, 7/21)