Morning Briefing
Summaries of health policy coverage from major news organizations
Video Footage Emerges Of Theranos' Mysterious Second-In-Command
The day after the story came out, though, an eagle-eyed sleuth on Twitter pointed us to something better:聽Video footage聽of Balwani talking up Theranos in front of an聽Arizona legislative committee聽in March 2014. (That was around the time Theranos, then at its peak valuation of $9 billion, started opening testing centers in Walgreens pharmacies in Arizona.) Donning a dark suit and tie and a blandly corporate affect, Balwani gave an聽11 1/2-minute pitch that is vintage pre-scandal Theranos: He talked about working on 鈥渟omething that we believe is magical.鈥� He cited glowing testimonials from patients whose blood tests, we would later learn, were not being processed the way Theranos had promised. (Robbins, 3/20)
In other Theranos news聽鈥�
Kaiser Health News: Reporter鈥檚 Notebook: The Tale Of Theranos And The Mysterious Fire Alarm聽
It was November 2014, and I was working on a feature story about a buzzed-about blood-testing company in Silicon Valley that promised to 鈥渄isrupt鈥� the lab industry with new technology. The company, Theranos, claimed its revolutionary finger-prick test would be a cheap and less painful way to screen for hundreds of diseases with just a few drops of blood. Old-fashioned venous blood draws, where the patient watches as vial after vial of blood is collected, would quickly become obsolete, Theranos promised. (Gold, 3/21)