US Regulators Find Serious Deficiencies At Theranos Lab (wsj.com)

An anonymous reader writes: 2016 has not started well for blood-testing startup Theranos. Already facing allegations of data manipulation, the Centers for Medicare and Medicaid Services have found problems with Theranos' laboratory in Newark, California, putting the company's relationship with the Medicare program in danger. WSJ reports: "It isn't clear exactly what regulators have faulted Theranos for in their latest inspection, which took several months. Adverse findings would be another regulatory setback for one of Silicon Valley's highest-profile startups, valued at about $9 billion in 2014. Theranos already has stopped collecting tiny samples of blood from patients' fingers for all but one of its tests while it waits for the Food and Drug Administration to review the company's applications for wider use of the proprietary vials called 'nanotainers.' In October, the FDA said it had determined that the nanotainers were an 'uncleared medical device.'"

Comments

Regulation; is there no harm it cannot bring?

[SuperKendall]

Now society has to wait a decade while vastly more blood is drawn than is really needed for tests, because even a single drop of blood being outside the body is too fearsome a prospect to bear for the wilting Nanny State.

I'd say there's a better than even chance some large testing companies have put the fix in to make sure this technically savvy startup gets shut down.