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Tag: Theranos

Clinton Theranos (JP Yim / Getty)

Majority of Theranos Board Gone After FDA Report

Biotech sensation Theranos was supposed to be Silicon Valley’s next hot IPO. But late Thursday evening, the company told Fortune Magazine that its board of directors had shrunk from 12 members to five as it battles a perfect storm of negative publicity.

Theranos Founder and C.E.O. Elizabeth Holmes (Mike Windle / Getty)

Silicon Valley: $9B Theranos Threatened with Extinction

As Theranos, Inc. was preparing for one of Silicon Valley’s biggest IPO’s when its pin-prick blood test for thousands of diseases was approved by the FDA on July 15, the company was rocked on October 15 by a Wall Street Journal article citing “unnamed” former employees claiming Theranos inflated its testing effectiveness to the FDA.