trending Market Intelligence /marketintelligence/en/news-insights/trending/3tz5ekquuhl59b8lmfmreq2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Blood-testing company Theranos to dissolve

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Blood-testing company Theranos to dissolve

Theranos Inc. will formally dissolve, The Wall Street Journal reported, citing a shareholder email.

The Palo Alto, Calif.-based blood-testing company, which had been accused of faking tests and defrauding customers, plans to pay unsecured creditors its remaining cash in coming months.

Theranos settled a shareholder lawsuit in July. In 2017, the company reached settlements with the Arizona attorney general, the Centers for Medicare & Medicaid Services, pharmacy chain Walgreens Boots Alliance Inc. and hedge fund Partner Fund Management LP.

The company's founder and CEO Elizabeth Holmes, along with its former president Ramesh Balwani, were charged with wire fraud in June.