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Can someone point out to me what exactly it is that Theranos does? My understanding was that this company administers innovative ultra-small volume blood testi
by littletimmy 11y ago
Can someone point out to me what exactly it is that Theranos does?
My understanding was that this company administers innovative ultra-small volume blood testing. Now they say that only works for the HSV-1 test (that nobody wants, and by some accounts already existed), and for the rest of the 240 tests they use normal lab procedure.
What is the great innovation here? What is it that this company has been doing for 10 years? Why is it worth $10B?
- TazeTSchnitzel 11y agoIt's not just these small vials of blood. They also make their own "revolutionary" testing equipment, which they used for dozens of tests. Except it turns out their equipment was giving quite badly inaccurate results, so they quietly switched to conventional machines. Ditto for the small blood vials.
- littletimmy 11y agoSo it's a flop, basically? That's a pity. They should just come clean; people will respect them for it.
- TazeTSchnitzel 11y agoIt would be the honest thing to do, but I doubt it's the ideal for investors.