Is Theranos Running Out of Time?

The transcript discusses the regulatory actions taken by the Center for Medicaid and Medicare Services (CMS) against Theranos. CMS sent a letter to Theranos outlining serious sanctions, including the potential revocation of their lab license, which would prevent Elizabeth Holmes and her lab director from operating any lab for two years. This action follows a CMS inspection that found compliance issues at Theranos's California lab. CMS deemed Theranos's corrective actions insufficient, prompting the proposed sanctions. Theranos must now decide how to respond to these regulatory challenges.

What are the serious sanctions proposed against Theranos by CMS?

What could be the consequences for Elizabeth Holmes and her lab director if Theranos loses its lab permission?

What issues did CMS find during their inspection of the Theranos lab?

How did Theranos respond to the allegations of non-compliance?

What actions must Theranos consider in response to the proposed sanctions?