Federal regulators have banned Theranos founder Elizabeth Holmes from owning or operating a medical laboratory for at least two years.
Theranos rose to startup stardom after promising accurate blood test results with just a prick of the finger, but a review of the company’s Newark, Calif., lab last year — following a steady drumbeat of investigative stories from the Wall Street Journal — called its technology into question.
The Centers for Medicare and Medicaid Services first threatened sanctions in March, after pointing out deficiencies that regulators said posed “immediate jeopardy to patient health and safety.”
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