Theranos plans to close all its clinical labs and lay off about 340 workers

October 6, 2016 12:24 PM

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Theranos CEO Elizabeth Holmes just announced via an open letter that the embattled blood-testing startup would be closing all of its clinical labs and Wellness Centers, in a move she estimated would affect 340 employees.

The move is intended to refocus Theranos away from doing clinical tests on blood samples and toward developing its miniLab medical data processing product, Holmes wrote. The company introduced that product at a scientific conference in August.

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