Hospitals, Startups

Best of 2014: Theranos secretive lab test startup

MedCity News has checked out the data and put together a list of which stories […]

MedCity News has checked out the data and put together a list of which stories got the most online traffic on the site in 2014 – which demonstrates some trends and what readers really wanted to know more about. As the year wraps up, we are re-sharing some of the stories that had a substantial impact with our readers.

Here’s one that got some attention:

Secretive lab test startup Theranos has everyone talking but isn’t saying much

Toward the end of 2013 and into the start of 2014, Theranos made an impact in the industry and got some pretty hearty media attention when Wired published a pretty extensive interview with founder Elizabeth Holmes. The question really was how the company itself worked following its deal with Walgreens to offer rapid on-site lab services in some of its stores.

The story behind the company was undeniably compelling:

“A 19-year-old  interested in microfluidics and nanotechnology drops out of Stanford to start her own company, which goes on to raise at least $45 million in venture capital and ink a deal with one of the largest pharmacy chains in the U.S.

Then there’s the value proposition. Theranos says it can run up to 30 common laboratory tests within hours using just a few drops of blood. Automating the processing of those samples cuts out much of the opportunity for human error that occurs in some traditional lab tests, Holmes has said in interviews. And, the company publishes the set amount it charges for its tests on its website.”

Read the entire original MedCity News post here.

 

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