Walgreens Boots Alliance Inc (WBA): "Walgreen Ends Its Shaky Relationship Wi...

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Monday, 06/13/2016 10:44:08 AM

Monday, June 13, 2016 10:44:08 AM

"Walgreen Ends Its Shaky Relationship With Theranos"

"The Wall Street Journal described Walgreens Boots Alliance Inc (NASDAQ: WBA)'s relationship with Theranos as an "extreme case study of what can go wrong" in a business relationship.

Since then, Walgreens has confirmed in a press release over the weekend that its relationship with the startup company is over. Theranos manufacturers a device called Edison, which examines blood samples to identify dozens of conditions, such as cholesterol and cancer.

Theranos' technology was available to Walgreens' clients in 40 stores. However, Theranos' business was riddled with controversy dating back to 2014 when the Wall Street Journal reported only a small fraction of blood tests were conducted on the Edison machine with the rest being conducted on traditional lab machines."

http://finance.yahoo.com/news/walgreen-ends-shaky-relationship-theranos-131053504.html

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