Friday, April 22, 2016

I Have A Unicorn In My Pocket

The Theranos story is pretty fascinating.
Nearly three years later, with Theranos under siege on multiple regulatory fronts and its reputation in tatters, it’s clear that the relationship has been a disaster for Walgreens. The company has been trying to distance itself, halting expansion of Theranos testing in its stores and, in January, threatening to end the partnership if Theranos did not meet regulatory standards within 30 days.

But that deadline has come and gone. With this week’s news that Theranos is under criminal investigation for, among other things, possibly defrauding Walgreens and other investors, the question is: What will it take for Walgreens to end its troubled relationship?