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Big Stumble For State’s Hottest Startup
Promise to Remake Lab Business Elusive For Theranos
By Ron Shinkman
Oct 29, 2025
California Region
Little more than a week ago, Theranos was California\'s hottest healthcare startup. Now it is on the hot seat.
The Palo Alto-based Theranos was poised to transform the laboratory business with a proprietary technology aimed at all but eliminating the practice of using needles to draw blood, and doing so at a fraction of the cost of standalone and hospital labs.
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