A Bay Area hedge fund has filed a lawsuit against embattled Theranos alleging the company duped investors about the efficacy of its products in order to attract investments of nearly $100 million.

Theranos is shuttering its clinical labs and wellness centers – which will result in about 340 layoffs, about 40 percent of its workforce – the company announced.

Elizabeth Holmes, the embattled CEO of blood testing company Theranos, will not be allowed to own or operate a blood testing laboratory for two years.

The first lawsuit against embattled blood-testing company Theranos has been filed since the company announced it had invalidated two years of test results.

Theranos CEO Elizabeth Holmes has a champion in company board member David Boies, who defended her ability to run the company, Bloomberg reported.

Blood-testing firm Theranos Inc confirmed on Monday it is under investigation by federal prosecutors and the U.S. Securities and Exchange Commission. “The company continues to work closely with regulators and […]

The U.S. Food and Drug Administration said it would allow the use of an experimental test to screen donated blood for the Zika virus.

March 24, 2016By Alex Keown, BioSpace.com Breaking News Staff   SAN FRANCISCO – A former Apple (AAPL) executive who helped design the Apple Watch, has founded a blood-testing company that […]

(Reuters Health) – Patients who order direct-to-consumer genetic tests report mixed experiences when they take the results to their doctors, a new study found. About a quarter of people who […]

U.S. regulators on Thursday approved a new once-daily pill for the liver-destroying hepatitis C virus made by Merck & Co Inc, which said it will sell the drug at a […]