Rewriting Life

Theranos Gets (Another) Bad Lab Report

U.S. regulators add to the pressure on a struggling blood-testing startup.

Updated January 27, 2016, at 6:01 p.m.

The Wall Street Journal has more bad news about Theranos, the blood-testing startup that was once a Silicon Valley darling valued at $9 billion. The Journal reported today that laboratory violations at Theranos would put patients in “immediate jeopardy,” and disqualify the company from participating in the Medicare program.

On Monday, federal health inspectors found “serious deficiencies” at a Theranos lab. It’s not clear what those problems are, though the Journal says the issues are “far more severe” than ones detected in an inspection of the same laboratory in 2013. This comes after the Journal reported in October that Theranos was not yet able—as it claimed—to perform a wide range of lab tests on a pinprick-sized sample of blood.

Because Theranos has raised more than $400 million and made headlines for its eye-popping valuation, its stumbles have been a source of schadenfreude in Silicon Valley. But it would be a shame if its struggles obscured the fact that blood tests in general are justifiably hot right now: they can be used to glean remarkable new insights, even about tumors or other problems that show up only in minuscule amounts. That development won’t be derailed even if Theranos falls apart.

(Source: Wall Street Journal)

Get stories like this before anyone else with First Look.

Subscribe today
Already a Premium subscriber? Log in.

Uh oh–you've read all of your free articles for this month.

Insider Premium
$179.95/yr US PRICE

More from Rewriting Life

Reprogramming our bodies to make us healthier.

Want more award-winning journalism? Subscribe to Insider Basic.
  • Insider Basic {! insider.prices.basic !}*

    {! insider.display.menuOptionsLabel !}

    Six issues of our award winning magazine and daily delivery of The Download, our newsletter of what’s important in technology and innovation.

    See details+

    What's Included

    Bimonthly home delivery and unlimited 24/7 access to MIT Technology Review’s website.

    The Download. Our daily newsletter of what's important in technology and innovation.

/
You've read all of your free articles this month. This is your last free article this month. You've read of free articles this month. or  for unlimited online access.