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At Theranos, Many Strategies and Snags

Elizabeth Holmes of Theranos has emphasized a variety of blood-testing strategies but often collided with technological problems.

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Hasnain says:

The fraud seems to be unraveling and it seems to sound more and more horrible day by day. I'm still stumped that they raised so much money without having a working product at all, and even worse, without showing that their product is even possible

"The lab employee later told federal authorities that the results from the quality-control runs diverged from the known amount by more than two standard deviations, a red flag that suggested possible accuracy problems, according to a complaint filed by the employee.

When the Theranos employee alerted superiors, someone from research and development came to the lab and deleted quality-control data to make the Edison’s test runs look better, the former lab employee alleged in the complaint to the Centers for Medicare and Medicaid Services, or CMS."

Posted on 2015-12-28T03:19:08+0000