MIT's latest jewelry is alive, 500 Startups shuts down its Canada fund, Theranos settles with Walgreens and Samsung's latest Galaxy Note 8 leak. All this on Crunch Report!
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
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
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 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 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
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
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.
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 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 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
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
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
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
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
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 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
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 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
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