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Wednesday, 11/11/2015 3:26:05 PM

Wednesday, November 11, 2015 3:26:05 PM

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Theranos Inc. authorized new shares that would value the laboratory startup at more than $10 billion, a regulatory filing shows, three days before a Wall Street Journal article detailed the company’s struggles to turn excitement over its reported breakthroughs in blood-testing technology into reality.

Some legal experts say such a filing typically signals that a company has raised, or is planning to raise, new funds from private investors. Theranos says that isn’t the case with this authorization, and it wouldn’t say if the new shares have been issued

http://www.wsj.com/articles/theranos-authorizes-new-shares-that-could-raise-valuation-1446083616#livefyre-comment

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