CONTACTS
SUBJECTS
Blood Tests New Microanalytic Process Low Cost Expedited Lab Results
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0703 - ..
0704 - Summary/Objective
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070501 - Follow up ref SDS 1 0000.
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070507 - ..
0706 -
0707 -
0708 - Progress
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070901 - Elizabeth Holmes, Founder of Teranos Company, located in Palo Alto,
070902 - was interviewed by Charlie Rose today.
070904 - ..
070905 - The company provides a range of blood tests based on a small amount
070906 - of blood drawn with a pin prick, rather than a small tube of blood
070907 - drawn with traditional needle stick.
070909 - ..
070910 - Theranos Company on the Internet...
070911 -
070912 - https://www.theranos.com/
070914 - ..
070915 - Navigating through the services Theranos advertises cholesterol test
070916 - for about $3.00. Not clear if this yields results on standard lipid
070917 - panel...
070918 -
070919 - Cholesterol
070920 - HDL
070921 - Triglycerides
070922 - LDL-C
070924 - ..
070925 - Nothing is evident on NMR lipids for LDL-P.
070927 - ..
070928 - Theranos blood test kits are evidently available at Wallgreens in some
070929 - communities. ref SDS 0 XX4K
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070932 - ..
070933 - Wikipedia describes Teranos...
070934 -
070935 - http://en.wikipedia.org/wiki/Theranos#Litigation
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070937 - Theranos is a privately held health-technology and
070938 - medical-laboratory-services company based in Palo Alto,
070939 - California that has developed novel approaches for laboratory
070940 - diagnostic tests using blood.[2] The company's blood-testing
070941 - platform uses a few drops of blood obtained via a finger-stick
070942 - rather than vials of blood obtained via traditional
070943 - venipuncture,[3] and utilizes microfluidics technology.
070945 - ..
070946 - Theranos was founded in 2003 by Elizabeth Holmes with the goal
070947 - of streamlining and standardizing blood tests by creating a
070948 - hand-held device.
070950 - ..
070951 - She had previously founded a software company and worked on a
070952 - protein microarray for the detection of SARS in Singapore,[1]
070953 - and left Stanford University at age 19 while a sophomore
070954 - majoring in chemical engineering, to start Theranos with a
070955 - bridge loan from a venture capitalist.[5] Holmes' Stanford
070956 - chemical engineering professor Channing Robertson had
070957 - encouraged her in the endeavor, and joined the board of
070958 - directors.[1] The company had raised $16 million in two rounds
070959 - of initial fundraising,[6] and $28.5 million in a third round
070960 - in 2006.[7]
070962 - ..
070963 - In 2010, Theranos raised an additional $45 million from a
070964 - single unnamed investor,[6] bringing its total funding to more
070965 - than $70 million. Investors include Draper Fisher Jurvetson,
070966 - ATA Ventures, Tako Ventures, Continental Properties Inc.,[8]
070967 - and Larry Ellison, CEO of Oracle.[1]
070969 - ..
070970 - As described in general terms for a business periodical in
070971 - 2006, Theranos' device design uses a fingerstick to draw a
070972 - microliter sample of blood into a disposable cartridge, which
070973 - is loaded into a the device's "reader" for analysis; results
070974 - are sent wirelessly from the reader to a secure database, from
070975 - where they go online to the patient or patient's physician.[11]
070976 - The company's device claims include that the results will be
070977 - received faster than the usual three-day delay for centralized
070978 - laboratory testing,[1] that up to 30 blood tests can be
070979 - performed on a single sample,[25] and that its design will
070980 - ensure accuracy by reducing or eliminating human handling and
070981 - delays associated with traditional tests.[25]
070983 - ..
070984 - The company reports that tests are being performed at a
070985 - CLIA-certified laboratory; as of January 2015 the documentation
070986 - on each test includes analyte being detected, and the approved
070987 - means of detection.
070989 - ..
070990 - Theranos has begun to offer services directly to consumers via
070991 - Theranos Wellness Centers located inside Walgreens stores
070992 - (beginning in 2013),[26][27] with, as of January 2015, one
070993 - posted location in Palo Alto, CA, and forty posted locations
070994 - in Phoenix, AZ.[28] While reports have appeared that Theranos'
070995 - blood tests mainly cost under $10, as of January 2014, prices
070996 - had been posted for more than 235 available tests at
070997 - Walgreens, Inc. (online, via outlink to the Theranos site),
070998 - ranging in price from $1.55 to $117.96 (for an "Auto"
070999 - urinalysis and a genotypic test for Hepatitis C virus,
071000 - respectively), with many in the range of $2 to $20, and
071001 - typical panel prices being on the order of tens of dollars
071002 - (e.g., with the combined tests of a standard Comprehensive
071004 - ..
071005 - metabolic panel of protein, electrolytes, sugar, cholesterol,
071006 - and kidney and liver enzyme tests[29] accruing at
071007 - Walgreens-Theranos to ~$45.)[30][31] (As noted, full
071008 - information on each test is not available at the Walgreens or
071009 - Theranos sites, as of January 2015.[32]) Based on its
071010 - calculations regarding its pricing and test use by American
071011 - consumers, the company has made claims that low-cost blood
071012 - tests could save U.S. Medicare and Medicaid, on average,
071013 - around $20 billion per annum.
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