Beginning Days Of Walgreens-Theranos Partnership In The Spotlight
The Wall Street Journal reports that Walgreens never fully validated Theranos' technology before striking up their partnership even though some executives and outside advisers had doubts.
The Wall Street Journal:
Craving Growth, Walgreens Dismissed Its Doubts About Theranos
Walgreens was considering a partnership with Theranos Inc. when founder Elizabeth Holmes arrived at Johns Hopkins University in the spring of 2011. She brought with her a machine she said could test tiny samples of blood for dozens of conditions and thick binders of data to show its accuracy. A Hopkins scientist told her that his researchers needed to put the device in their Baltimore laboratory to verify the technology on Walgreens’ behalf, and Ms. Holmes agreed to provide one, say people familiar with the meeting. (Weaver and Carreyrou, 5/25)