3 ms·

Anyone happen to know why this took so long to become official? EDIT: Looks like it's mentioned a few paragraphs into the article: Walgreens leaders decided t

by smaili 10y ago

Anyone happen to know why this took so long to become official? EDIT: Looks like it's mentioned a few paragraphs into the article: Walgreens leaders decided to end the partnership after regulators disclosed problems at Theranos in late January, but held off on finalizing the separation because the company feared Theranos might sue, said people familiar with the matter.

metalliqaz 10y ago
They must have realized that Theranos is going to sue no matter what happens.
- joshdickson 10y ago
  Not quite - Walgreens believes that the CMS punishment, which is expected in the next two weeks, will be sufficiently harsh enough that it will win a case against Theranos. If they lost the case, they could have potentially been on the hook for hundreds of millions or even billions of dollars in damages (i.e. so much money that even with the incredibly bad press of not severing the deal sooner, it still made more sense to keep the deal until things got to where they are now). https://twitter.com/joshdickson40/status/742154076851408898 https://twitter.com/joshdickson40/status/742154076851408898