Update Thursday, May 26: And now, the lawsuits.
A California law firm filed a potential class-action suit against Theranos on behalf of an unidentified Arizona man. The suit accuses the blood-testing company of fraud.
Theranos recently voided or corrected tens of thousands of blood tests it performed at its California lab. Whether any patients have been harmed by decisions they or their doctors made based on those incorrect results is not yet known. Though the Journal reported that one physician who received a corrected report said she’d unnecessarily sent a patient to the ER based on abnormally high test results.
And The Wall Street Journal Wednesday recounted the history of Theranos’ partnership with Walgreens, which allowed for the opening of dozens of Theranos “wellness centers” inside the drugstore chain’s Arizona stores. The story suggests Walgreens, in its eagerness to expand into next-wave health care, did less than due diligence in vetting Theranos.
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Think fast:
Charlize Theron or Scarlett Johannson as Elizabeth Holmes in “Theranos: The Movie”?
There’s a lot of drama here, as business stories go. Is the company going to be definitively exposed as the Enron of biotech startups? Or will it be vindicated as a misunderstood and unfairly persecuted innovator that, well, made a few mistakes.
If the former, you get the sense only a talent on a par with David Simon‘s could coherently dramatize the shortcomings of the multiple institutions implicated in this mess. The story is compelling even without the appearance to date of the most important characters — real-life patients who may have been harmed by Theranos’ faulty blood tests.
That may not be the case much longer. Last week, we saw the first report of an actual patient impacted by erroneous results issued Read More …
Source:: Future of You