Ends relationship with Theranos, Walgreens closes 40 blood test centers
America’s largest pharmaceutical retail chain Walgreens has terminated its relationship with Theranos, closing operations at all care centres run by the troubled blood-testing start-up.
An announcement from the Illinois headquarters of the drug store giant said the company had informed Theranos, which is under investigation by federal prosecutors, that it was terminating its relationship and closing operations at 40 Theranos Wellness Centers at its stores in Arizona effective immediately. [Read more about interesting animal facts]
Theranos founder – Elizabeth Holmes
Walgreens in January announced it was halting Theranos lab testing services at its store in Palo Alto, California, and the new closures mean that the company will no longer offer Theranos services at any of its stores, according to the announcement. [Read more about solitaire games]
“In light of the voiding of a number of test results, and as the Centers for Medicare and Medicaid Services (CMS) has rejected Theranos’ plan of correction and considers sanctions, we have carefully considered our relationship with Theranos and believe it is in our customers’ best interests to terminate our partnership,” said Brad Fluegel, Walgreens senior vice president. [Read more about elephant facts for kids]
Federal prosecutors in April opened a criminal probe into whether Theranos had misled investors about the capabilities of its proprietary blood testing system, which it had claimed could obtain accurate results from only a few drops of blood.