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Theranos fights CEO Elizabeth Holmes 2-year laboratory ban

from Inc.

Theranos is appealing the government sanctions that have barred its CEO, Elizabeth Holmes, from running a blood-testing lab for two years. The sanctions from Centers for Medicare and Medicaid Services, which has oversight of labs like Theranos', came after the company failed its California lab inspection. The California lab doesn't currently test patients, but the company's Arizona lab is still up and running. The sanctions from July also included revoking the California lab's Clinical Laboratory Improvement Amendments license (the regulatory standards that apply to all clinical labs) after 60 days, prohibiting the lab from participating in the Medicare program and canceling the lab's approval to receive Medicare payments. more


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