Walgreens Warns Theranos It Will Dissolve Partnership If Problems Aren’t Resolved
The blood testing startup is also under pressure to submit a plan to the Centers for Medicare and Medicaid Services about the steps it is taking to address the issues that came to light after a federal inspection. The deadline is Friday.
The Wall Street Journal:
Walgreens Threatens To End Theranos Agreement
Theranos Inc.’s main retail partner threatened to terminate its relationship with the blood-testing company unless it quickly fixes the problems found by federal inspectors at a laboratory in California, people familiar with the matter said. The warning from drugstore chain Walgreens was issued in a letter to Theranos late last month and gives closely held Theranos, based in Palo Alto, Calif., a 30-day deadline that expires near the end of February to resolve major infractions that violate the U.S. law governing clinical labs, these people said. (Weaver, Siconolfi and Carreyrou, 2/10)