December 12, 2017 7:50 AM ET

Healthcare Providers and Services

Company Overview of Theranos, Inc.

Company Overview

Theranos, Inc. operates clinical laboratories in Arizona, California, and Pennsylvania. The company specializes in the areas of oncology, pediatrics, and geriatrics. It also designs, develops, and manufactures testing products in the United States. Theranos, Inc. was founded in 2003 and is based in Palo Alto, California.

1701 Page Mill Road

Palo Alto, CA 94304

United States

Founded in 2003

Phone:

650-838-9292

Fax:

650-838-9165

Key Executives for Theranos, Inc.

Founder, Chairman, Co-Chairman of Scientific & Medical Advisory Board and Chief Executive Officer
Senior Vice President of Operations
Senior Vice President of Product Development
Senior Vice President of Corporate Communications & Investor Relations
General Counsel
Compensation as of Fiscal Year 2017.

Theranos, Inc. Key Developments

Theranos, Inc. Enters Confidential Settlement Agreement with Walgreen Co. and Walgreens Boots Alliance, Inc

Theranos, Inc. announced that it has entered a confidential settlement agreement with Walgreen Co. and Walgreens Boots Alliance, Inc., resolving all claims among those parties. The agreement will result in the dismissal of Walgreens’ lawsuit against Theranos, with no finding or implication of liability.

Theranos, Inc. Appoints Cass Grandone as Head of Product Development

Theranos announced that a key role has been filled on the company’s executive team, with the arrival of Cass Grandone as Senior Vice President of Product Development. Mr. Grandone’s career has included R&D roles of increasing responsibility, including leading the delivery of Abbott’s multi-billion dollar ARCHITECT and Accelerator diagnostic platforms. He has deep experience bringing products through FDA approval and, while at Abbott, implemented company-wide modernization of R&D portfolio governance, design control frameworks and statistical support automation. Most recently, Mr. Grandone was Vice President Global Infusion Systems R&D at Hospira, a Pfizer company.

Theranos, Inc. Reaches Settlement Agreement with Centers for Medicare & Medicaid Services

Theranos, Inc. announced that it had reached a global settlement agreement with the Centers for Medicare & Medicaid Services (CMS) that resolves all outstanding legal and regulatory proceedings between CMS and Theranos. Pursuant to the terms of the settlement, CMS has withdrawn the revocation of the company’s CLIA operating certificates and reduced its civil monetary penalty against the company to $30,000. As part of the agreement, Theranos affirmed that, consistent with the business plans it outlined last fall, the company will not own or operate a clinical laboratory within the next two years.

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