Walgreens

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

    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 in an avalanche of lawsuits from investors and consumers of its blood-testing products after it was discovered the tests had an accuracy problem. Read More

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    Theranos might be on life support

    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 fraction of the funding it once had to work with, Theranos may not have long before it bleeds out entirely. Read More

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

    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. Read More

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    Arizona plans to sue Theranos over faulty blood tests

    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 the state’s procurement website. Brnovich has so far declined to comment on any action, but the document contends Theranos may have defrauded customers in the state and the office is… Read More

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    Walgreens is suing Theranos for $140 million in Delaware

    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 locations as testing sites. However, Walgreens formally severed ties with the startup in June, citing the myriad bad test results and a federal investigation as the reason for ending the… Read More

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

    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 lawsuit filed in the U.S. District Court in Arizona, and first reported in Ars Technica, is now one of at least nine civil suits Theranos faces after an onslaught of investigations into the… Read More

  • Walgreens formally cuts ties with Theranos

    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 relationship “effective immediately.” Theranos promised the drugstore chain it could detect hundreds of diseases using just one drop of blood – a promise which turned out to be too good to… Read More

  • Walgreens extends its developer efforts with two new APIs

    Walgreens extends its developer efforts with two new APIs

    Walgreens (yes, that Walgreens — the one that also owns Duane Reade and is trying to buy Rite Aid for $17.2 billion) has long offered a number of tools for developers who want to plug into both its retail and pharmacy business. Today, the company is extending this program with the launch of two new APIs. The company launched its API program back in 2012 with a service that allowed… Read More

  • Walgreens wants customers to check their own mental health online

    Walgreens wants customers to check their own mental health online

    Walgreens, the largest drug retailing chain in the U.S., has launched a partnership with Mental Health America, and a telehealth company MDLIVE, to encourage people to screen themselves for mental health problems, and if they need to, seek help from a therapist online. More than 20% of American adults between the ages of 18 and 49 are dealing with some form of mental illness, whether… Read More