You have to wonder what other errors Theranos has that it s going to need to correct.The latest issue surrounding the troubled lab-technology company: It has voided the results of two years worth of blood tests that were done with Theranos Edison blood-testing devices.
The Wall Street Journal reported that Theranos has re-issued thousands of test results that it has corrected.
The company processed approximately 890,000 tests a year in its labs.You read that right: Two years of blood tests were basically stricken from the record.
The company s valuation ended up being based on a technology that Theranos itself had given up on.All of that can t help Theranos case that the doors of its Palo Alto headquarters, and its testing labs, should be kept open.
The Centers for Medicare and Medicaid services are still considering pulling Theranos license to operate labs in California, and have proposed kicking Theranos Chief Executive and founder Elizabeth Holmes out of the blood-testing industry for two years and fining the company, to boot, according to the Journal.
Last week, Sunny Balwani stepped down from his president and chief operating officer posts at Theranos rather than face the possibility of a two-year ban from the blood-testing industry himself.Photo: Theranos CEO Elizabeth Holmes in 2014.