Walgreens cuts ties to blood-testing firm Theranos
US retailer says it will immediately close all 40 of the testing centres in its Arizona drugstores
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New York
WALGREENS said on Sunday that it was terminating its relationship with Theranos, dealing a severe blow to the embattled blood-testing company. Walgreens said that it would immediately close all 40 of the Theranos testing centres in its Arizona drugstores, the source of most of Theranos' customers.
The giant retailer, a part of the Walgreens Boots Alliance, played a critical role in Theranos' early success. Founded by Elizabeth Holmes, a Stanford University dropout, the company promised to revolutionise the lab industry by being able to offer blood tests through a simple finger prick at a fraction of the cost of conventional testing.
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