Walgreens Boots Alliance Inc. said it has terminated its relationship with blood-testing startup Theranos Inc. and will close the company’s testing centers in its stores.
Walgreens’ decision is a crippling blow for Theranos, which according to a statement from the drug-store chain will lose 40 outlets across Arizona. Without this deal, the startup has few centers left where consumers can get Theranos tests — a list of testing locations on its website shows only five other locations not tied to the pharmacy chain.
Theranos’s reputation has already been damaged after it issued tens of thousands of corrected or voided results to former patients, and has been subject to investigations by the U.S. Securities and Exchange Commission, the U.S. Attorney’s Office in San Francisco, and federal and state health regulators. Read more…
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