Theranos

Theranos has settled its lawsuit with Walgreens

Blood testing startup Theranos has reached a settlement with former customer Walgreens. According to the terms of the agreement, Walgreens will dismiss its lawsuit against Theranos "with no finding or

Crunch Report | Airbnb Hugs It Out in San Francisco

Aurea acquires Jive for $462 million, Airbnb settles lawsuit with the City of San Francisco over unfair overregulation of short-term rentals, Theranos settles a lawsuit with one of its investors and V

Theranos reaches settlement with investor Partner Fund Management

Beleaguered blood diagnostics startup Theranos has reached a settlement with hedge fund management firm Partner Fund Management. Terms of the settlement are confidential, but PFM had sought to recoup

Theranos says it has been mischaracterized in allegations the company faked tests

Theranos secretly bought lab equipment through a shell company, faked tests and inappropriately pumped up its financial outlook to investors, according to allegations in recently unsealed court docume

Theranos starts to agree to things

Theranos has been agreeing to a lot of things lately. This new attempt to play nice seems to be an effort to keep the company going. Theranos had to pivot to working on a "miniLab," which is essential

Theranos is offering investors Elizabeth Holmes’ shares if they promise not to sue

One way Theranos is hoping to stay afloat is by offering double the shares -- including some of founder Elizabeth Holmes' own shares -- to investors if they promise not to sue. Theranos is knee-deep i

Crunch Report | Samsung Vice Chairman Arrested

Samsung's vice chairman is arrested on bribery charges, Beepi closes down and sells off its operations and reports show that Theranos might be winding down. All this on Crunch Report.

Theranos might be on life support

It probably comes as no surprise: Theranos, the blood testing technology company once worth billions, is struggling to survive. With no revenue, no money set aside to deal with legal expenses and a fr

Theranos closed its last remaining blood-testing lab after it reportedly failed an inspection

Theranos is closing down its last remaining blood-testing facility after the lab reportedly failed a regulatory inspection, according to a Wall Street Journal report.

Arizona plans to sue Theranos over faulty blood tests

Arizona Attorney General Mark Brnovich is soliciting outside legal counsel to pursue a consumer fraud lawsuit against the beleaguered blood testing startup Theranos, according to a document posted on

No one asked Trump defense secretary pick James Mattis about his Theranos ties

In his Senate confirmation hearing on Thursday, retired Marine General James Mattis delivered his testimony to the Senate Armed Services Committee. Mattis, Trump’s appointment for secretary of

Theranos slashes another 41 percent of its workforce

Not a week goes by and it seems like we hear more bad news about Silicon Valley’s darling turned cautionary tale Theranos . The latest bit is a whopping 155 layoffs at the company today. The one

Silicon Valley Bank predicts a 2017 cure for the healthtech investment doldrums

Things are looking up for biotech and health device startups wanting to cash in on VC dollars or go public this year. According to Silicon Valley Bank’s latest report on healthcare investments a

A prominent Silicon Valley investment banker is suing Theranos, and seeking class-action status

Theranos, the 13-year-old, Palo Alto-based health technology company, is being sued by two more investors who say they were lied to about Theranos’s health and its prospects by founder Elizabeth

Genalyte raises $36 million from Khosla for its one-drop blood test

Theranos competitor Genalyte just announced it has raised an equity round of $36 million in funding led by Khosla Ventures and Redmile Group. The San Diego-based startup leverages lab-on-a-chip techno

Walgreens is suing Theranos for $140 million in Delaware

Walgreens has filed a lawsuit against blood analysis company Theranos. Walgreens was once Theranos’ biggest partner and the startup used several of the drugstore chain’s Arizona store loca

A hedge fund is now suing Theranos, citing “lies, material misstatements, and omissions”

Partner Fund Management (PFM), a San Francisco-based hedge fund that reportedly wrote out a $96 million check to Theranos back in 2014, is now suing the blood-testing startup and its founder, Elizab

Theranos closes its labs and wellness centers, lays off 340

Theranos is closing its labs and wellness centers, CEO Elizabeth Holmes announced today in blog post. And this isn't a temporary closure: the "approximately" 340 employees running them are out of a jo

Due diligence is a responsibility for investors, an opportunity for startups

Many startup companies begin with either an idea or a proprietary technology. Sometimes this technology is straightforward and easily explained; other times, it is novel and revolutionary. For some fo

Color Genomics raises $45 million to provide cheaper genetic tests that detect cancer risk

Othman Laraki and Elad Gil were sitting on Twitter’s roof deck after their previous company Mixer Labs had been acquired. Gil had brought a small hard drive with him — which happened to contai
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