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The news release issued when the Walgreens deal was announced said consumers “will be able to access less invasive and more affordable clinician-directed lab te
by dcgudeman 11y ago
The news release issued when the Walgreens deal was announced said consumers “will be able to access less invasive and more affordable clinician-directed lab testing, from a blood sample as small as a few drops, or 1/1,000 the size of a typical blood draw.”
As part of the deal, Walgreens has invested at least $50 million into Theranos, according to people familiar with the matter.
It really blows my mind that Theranos was able to get this far with what sounds like technology that simply didn't work. Did any investors simply try the test(s) before investing vast sums of money?
- lawnchair_larry 11y agoHave you ever seen how directors and executives make deals? Meanwhile, I'm sure dozens of engineers were shouting that this doesn't work, but couldn't get the message through the thick layer of middle management. It is not the least bit surprising to me.