Theranos: Scandal hit blood-testing firm to shut
Theranos founder Elizabeth Holmes is facing criminal charges of wire fraud
Scandal-hit US blood-testing start-up Theranos is to formally dissolve, the firm’s chief executive David Taylor has told shareholders in an email.
Mr Taylor said Theranos had run “out of time” to secure further investment or secure a buyer for its assets.
Theranos founder Elizabeth Holmes and former president Ramesh Balwani are facing criminal charges of wire fraud.
Prosecutors say they engaged in a multi-million dollar scheme to defraud investors, doctors and patients.
BBC News
https://www.bbc.com/news/business-45418615
Blood-testing startup Theranos said to be closing – seattlepi.com
Theranos, Blood-Testing Company Plagued By Scandal, Says It Will Dissolve : NPR