It’s a long-overdue move by the company, whose board was made up of more well-connected VIPs than scientific experts. In an attempt to regain its reputation after months of controversy and layoffs, blood-testing startup Theranos is appointing an advisory board of pharmaceutical and medical device experts to work alongside its scientific advisors.
Category: Theranos
Troubled Theranos to lay off 41 percent of employees
Blood-testing startup Theranos on Friday announced it will lay off 155 employees – about 41 percent of its workforce – the latest blow to hit the company facing multiple lawsuits, sanctions and other regulatory issues. The company said the move is part of its ongoing restructuring as it shifts focus to the commercialization of its miniLab testing platform.
Trumpa s pick for defense secretary has resigned from Theranosa s board
U.S. President-elect Donald Trump introduces retired Marine Corps Gen. James Mattis as his appointed secretary of defense in December.
The Worst CEOs of 2016
Every year, Santa and I get together at his place , break out the nog and hash out a list of the naughtiest chief executives. They still get their outsized pay packages, but the fat man can’t resist filling their Christmas stockings with enormous lumps of coal.