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Theranos Is Shutting Its Blood-Test Facilities, Shedding 40 Percent Of Workers

October 6, 2016 3:26 PM
22 0

Just two years after the blood-testing company Theranos was valued at $9 billion, the company has announced that it will close its clinical labs and blood-test centers and cut more than 40 percent of its staff.

Theranos says it is shifting its focus to a product it calls the miniLab, with the goal of commercializing "miniaturized, automated laboratories."

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