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Walgreens Cuts Ties With Blood-Test Startup Theranos (theverge.com)

Posted by msmash on from the house-of-cards dept.

An anonymous reader writes: Walgreens has announced that it's terminating its partnership with blood-testing startup Theranos. All 40 of the "Theranos Wellness Centers" in Walgreen's Arizona drugstores will be shut down immediately, closing what has been a primary link between Theranos and would-be consumers, and further wounding the troubled startup's revenue. "In light of the voiding of a number of test results, and as the Centers for Medicare and Medicaid Services (CMS) has rejected Theranos' plan of correction and considers sanctions, we have carefully considered our relationship with Theranos and believe it is in our customers' best interests to terminate our partnership," said Walgreens senior vice president Brad Fluegel in a press statement.

5 of 65 comments (clear)

  1. Homeopathic by Anonymous Coward · · Score: 5, Insightful

    What about all of the homeopathic products still sold at Walgreens stores?

    1. Re:Homeopathic by Anonymous Coward · · Score: 1, Insightful

      Yes, that's how good, predictable companies are supposed to operate: they respond to supply, demand, risk, and reward, without regard to political or cultural pressures.

      When a company actually "cares", what that means is that a bunch of rich people try to make a name for themselves by looking good in press releases and lobbying Washington for their pet peeves and ideas about society.

    2. Re:Homeopathic by The-Ixian · · Score: 3, Insightful

      A company "cares" exactly as long as it is run by 1 person.

      After that, the company may be able to hold on to that image until that image comes into direct conflict with the needs of scale.

      --
      My eyes reflect the stars and a smile lights up my face.
  2. The fraud called Theranos is almost dead by smooth+wombat · · Score: 3, Insightful

    Heard this wonderful news on NPR this morning. The company has been a sham since the beginning. You name it, they lied about it.

    To date Theranos has never let the government or anyone from the outside reproduce the results they claim they get with their system. They have delayed, delayed and delayed.

    Now, finally, the fraud of Elizabeth Holmes will be revealed. She can deny all she likes but she has known about this from the beginning.

    --
    We will bankrupt ourselves in the vain search for absolute security. -- Dwight D. Eisenhower
  3. Re:Politics by HornWumpus · · Score: 3, Insightful

    You can bet the politicians the twisted arms at the FDA will never pay a price.

    --
    John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'