US Probes Tar­get Health Care Startup Ther­a­nos

The Economic Times - - Around The World -

San Fran­cisco: Ther­a­nos, a startup that touted a rev­o­lu­tion­ary new way to test blood, has re­vealed it is un­der scru­tiny by US civil and crim­i­nal au­thor­i­ties. In­ves­ti­ga­tions by the US at­tor­ney’s of­fice and the Se­cu­ri­ties and Ex­change Com­mis­sion are on­go­ing, with doc­u­ments be­ing re­quested from the Cal­i­for­nia-based com­pany. The Wall Street Jour­nal on Mon­day cited un­named sources as say­ing that fed­eral pros­e­cu­tors are in­ves­ti­gat­ing whether Ther­a­nos misled in­vestors and reg­u­la­tors about its tech­nol­ogy and its oper­a­tions. AFP

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