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Theranos: We will publish our data

Published by Business Insider on Tue, 27 Oct 2015

Thernaos CEO Elizabeth Holmes has said the company willpublish its data to the public to prove the accuracy of its blood tests,The New York Times reports."Data is a powerful thing because it speaks for itself," she said at a conference Monday night, according to the Times. The about-face comes after The Wall Street Journal published a five-month investigation fromJohn Carreyrou that questioned just how "revolutionary" the startup is, specifically in regards to the use of its "Edison" technology which can tell extensive medical information from a single drop of blood.According to The Wall Street Journal, only 10% of the tests that Theranos carried out used the new technology, something the company did not publicly disclose, and the results sometimes varied wildly from more traditional tests.Holmes did not publishdata for peer review, the traditional process for evaluating medicaltechnology."I just always believed that as the F.D.A. decision summaries came out one by one with our data, that actually that would be so much more transparent a model [than making our data available for peer review]," Holmes said at the conference sponsored by the Cleveland Clinic.Walgreens, the biggest partner of Theranos through its "Wellness Centers," has taken a step back from the company, halting cooperation until questions have been answered about the technology. Drugs giantPfizer and GlaxoSmithKline, both of which allegedly worked with Theranos, have cut ties with the company.Beyond making the data available, Theranos also appears to be preparing for a legal fight, adding David Boies, the well-known lawyer who was working as an outside council, onto its board of directors.SEE ALSO:Here's what it's really like to get blood drawn at TheranosJoin the conversation about this storyNOW WATCH: This Excel trick will save you time and impress your boss
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