DEERFIELD, Ill. — Walgreens filed a breach-of-contract lawsuit against Theranos Inc., its former lab-testing partner, seeking damages of $140 million. The damages figure represents the amount that the drug store chain said it invested in the Palo Alto, Calif.-based health technology company. The civil suit was filed in U.S. District Court in Delaware on November
NEW YORK — Walgreens has filed a breach-of-contract lawsuit against former lab testing partner Theranos Inc., the companies confirmed. The civil suit was filed Nov. 8 in U.S. District Court in Delaware under seal, because Walgreens was concerned Theranos might claim the action violated the companies’ confidentiality agreement, The Wall Street Journal reported, citing court
DEERFIELD, Ill. — Walgreens is terminating its relationship with Theranos Inc. and closing operations at all 40 Theranos Wellness Centers at its stores in Arizona. Walgreens said Sunday evening that the move follows the company’s decision in January to halt Theranos laboratory testing services at its Palo Alto, Calif., location, and means that the drug
DEERFIELD, Ill. — Walgreen Co. has advised Theranos Inc. that it must stop sending clinical lab tests provided through Theranos Wellness Centers at Walgreens to the Theranos lab in Newark, Calif. The drug chain also said that it is suspending Theranos Inc. laboratory testing at its Palo Alto, Calif., store in the aftermath of a
DEERFIELD, Ill. — Walgreens has stopped clinical laboratory services from Theranos Inc. at its store in Palo Alto, Calif. The drug chain said Thursday that it has informed Theranos that it must immediately cease sending any clinical lab tests provided through Theranos Wellness Centers at Walgreens to the Theranos lab in Newark, Calif., for analysis.
DEERFIELD, Ill. — Walgreens is mulling its next steps in its partnership with clinical lab testing provider Theranos Inc., whose technology has come under fire in recent media reports. The Theranos service enables consumers to receive clinician-directed lab testing from a small blood sample taken via finger stick or a micro-sample taken from traditional methods.