Theranos, a onetime star Silicon Valley startup focused on health technology, is closing its consumer blood-testing facilities amid its struggles with US regulators.
Silicon Valley lab, led by Elizabeth Holmes, is valued at $9 billion but isn’t using its technology for all the tests it offers.
Theranos was recently a star of Silicon Valley. But now, it is closing its laboratory operations, shutting its wellness centers and laying off 340 employees.
WASHINGTON (AP) — Federal regulators have issued a warning to blood-testing startup Theranos, saying some of the Silicon Valley company's testing procedures do not meet standards designed to protect patients. Inspectors for the Cent...