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As far as I understand Theranos actually bled money to provide correct results through traditional testing methods while it pretended to use its own devices. Gi
by josefx 7y ago
As far as I understand Theranos actually bled money to provide correct results through traditional testing methods while it pretended to use its own devices. Given that Theranos was basically a black box to any outside observer medical professionals only saw that they had something that obviously worked. Other than violating various lab regulations it mostly defrauded investors while still providing the service it was paid for. If it gets bad enough I think having a few investors defrauded is an acceptable risk.