Posts

Showing posts from October, 2015

Here's what we know about how Theranos' 'revolutionary' technology works

Image
On October 15, an investigativereport by The Wall Street Journal said that hot startup Theranos, founded by Elizabeth Holmes, was mostly relying on traditional technology to analyze blood-test results. Later, on CNBC's "Mad Money," Holmes said that as part of a voluntary transition to getting its tests approved by the US Food and Drug Administration, the company stopped using its proprietary "nanotainers" to collect finger pricks of blood — though some reports indicatethat pressure from the FDA was what fueled that decision. Many of these reports have observers wondering whether Theranos' supposedly revolutionary blood tests work at all. Until either Theranos shows the data that Holmes has said disproves allegations from former employees that its tests don't work as well — we've requested that data multiple times — or until the FDA releases its decisions on the other approximately 130 tests the company has submitted for review, we won't know th…