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

The biotech empires of Silicon Valley and Europe

Bérénice Magistretti Contributor Bérénice Magistretti is a Swiss freelance writer based in San Francisco. She focuses on startups in Saudi Arabia, Switzerland and emerging markets. More posts by t

FDA finds flaws in Theranos’ Zika tests

This past week, the U.S. Food and Drug Administration mandated testing for the Zika virus at all U.S. blood centers. That juices demand for Zika-testing technology, but one company that isn&#821

Unpacking the innards of Theranos’s new Zika-detection box

Theranos has had a long 10 months. The company, beset with regulation issues, has faced a Congressional inquiry, possible criminal charges, lawsuits, a recall of test results from the past two years,

Elizabeth Holmes quietly stepped down from Obama’s business ambassador program

Elizabeth Holmes, the founder and CEO of beset blood analysis startup Theranos, is no longer mentioned on the Presidential Ambassadors for Global Entrepreneurship (PAGE) website. Holmes announced sh

Elizabeth Holmes is finally presenting her technology to scientists, including a “miniLab”

Theranos founder Elizabeth Holmes is presenting her blood analysis technology to a room full of scientific experts for the first time today at the American Association for Clinical Chemistry (AACC) co

Regenerative medicine today is like the internet in 1993

Andrew Keen Contributor Andrew Keen is the author of three books: Cult of the Amateur, Digital Vertigo and The Internet Is Not The Answer. He produces Futurecast, and is the host of Keen On. More post

Ex-Theranos customer files a lawsuit claiming faulty blood tests contributed to his heart attack

Theranos is now steeped in an avalanche of legal woes, including a suit filed Monday, July 19 by an ex-customer alleging the company’s faulty blood tests caused him to have a heart attack. The l

Theranos’ Elizabeth Holmes banned from operating blood testing labs

Elizabeth Holmes, the founder of blood analysis startup Theranos has been banned from operating a blood testing lab for the next two years. Where this leaves the founder of the testing company and how

Theranos faces congressional inquiry over faulty blood tests

The U.S. House of Representatives recently sent a letter to troubled blood analysis startup Theranos asking for an explanation of the company’s failure to offer accurate results to patients usin

But seriously, why did Theranos have just one spokesperson?

Theranos did have a spokesperson, as in used to have one person handling all public relations efforts outwardly. We’ve confirmed Brooke Buchanan, VP of communications, left her position within

Walgreens formally cuts ties with Theranos

Walgreens has terminated its three-year partnership with blood analysis startup Theranos, citing the myriad bad test results and an ongoing federal investigation as the reason for ending the relations

Jennifer Lawrence tapped to play Elizabeth Holmes in new movie about Theranos

Out of all the federal regulations turmoil, questionable test results and threats to oust her from her own company, Theranos founder Elizabeth Holmes is getting a silver screen lining — Jennifer

Forbes downgrades Theranos founder Elizabeth Holmes net worth from $4.5 billion to Theranothing

Elizabeth Holmes, the once celebrated founder of Theranos, sat at number one on Forbes list of richest self-made women last year but has taken quite the tumble – the media outlet has since re

Theranos reportedly voids two years of results from its Edison blood-testing devices

Troubled bio-tech startup Theranos has told the Centers for Medicare and Medicaid Services (CMS) that it voided two years of results from the blood tests that it once staked its future on, reports the
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