Theranos Issues Tens Of Thousands Of Corrected Blood-Test Reports
The startup voided two years of results and revised other reports in an effort to stave off harsh sanctions from the Centers for Medicare & Medicaid Services.
The Wall Street Journal:
Theranos Voids Two Years Of Edison Blood-Test Results
Theranos Inc. has told federal health regulators that the company voided two years of results from its Edison blood-testing devices, according to a person familiar with the matter. The Edison machines were touted as revolutionary and were the main basis for the $9 billion valuation attained by the Palo Alto, Calif., company in a funding round in 2014. But Theranos has now told regulators that it threw out all Edison test results from 2014 and 2015. The company has told the Centers for Medicare and Medicaid Services that it has issued tens of thousands of corrected blood-test reports to doctors and patients, voiding some results and revising others, according to the person familiar with the matter. (Carreyrou, 5/18)
The San Francisco Business Times:
Theranos Corrects Blood Test Results For Past Two Years
Theranos Inc. said it has corrected tens of thousands of blood tests for the past two years, informing doctors and patients of errors. The company admitted the test corrections to the Centers for Medicare and Medicaid Services, which is scheduled to rule on sanctions against the company and its billionaire celebrity CEO Elizabeth Holmes, after the federal agency discovered problems at Theranos' Newark, California, labs. (Chu, 5/19)
Bloomberg:
Theranos Corrects Tens Of Thousands Of Blood-Testing Results
Blood-testing startup Theranos Inc. said it sent doctors and patients tens of thousands of corrected test results and voided two years of data from its devices, a devastating blow for the company that has come under scrutiny over the accuracy of its technology. (Chen, 5/18)