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Theranos - Page: 3
The California-based company ran into trouble after the Wall Street Journal published a series of articles that suggested its devices were flawed.
Every company is a 'technology' company, which is exactly why you should stop thinking of them all in the same way.
Earlier in July, Holmes was barred by a U.S. regulator from owning or operating a lab for at least two years.
Holmes was an entrepreneurial darling until it became apparent her miracle company was a sham.
"While we are disappointed by CMS' decision, we take these matters very seriously and are committed to fully resolving all outstanding issues," Holmes said in a statement.
Theranos was once praised for its fast, less-invasive blood testing technology, but the company has found itself in the spotlight after media reports raised questions about the accuracy of its proprietary tests.
Adam McKay will direct the upcoming medical drama based on the blood-testing company.
The company has suffered a series of blows, which began with a high-profile exposé from The Wall Street Journal last year that called the company's underlying technology into question.