Theranos

Theranos Inc. is under investigation by two federal agencies

Theranos Inc. is under investigation by two federal agencies

According to a report in the Wall Street Journal, Theranos, a beleaguered, multi-billion-dollar startup developing blood testing technology, is presently facing investigation by two federal agencies.

Former employees’ complaints have sparked the two investigations. One investigation is by the Food and Drug Administration, and the Centers for Medicare and Medicaid Services (CMS) is conducting the other one. As per the WSJ, the complaints gave rise to concerns over breached research protocols and severe accuracy issues with the company’s blood tests.




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