4 min reading time

Privately held Theranos, valued at $9 billion, got a one-two punch of FDA visit and negative WSJ coverage this week.

“This is what happens when you work to change things, and first they think you’re crazy, then they fight you and then all of a sudden you change the world,” Holmes said on CNBC.

Do you think this is just a story from competitors to discredit the company or is there more here?

Story in FierceMedicalDevices: http://ow.ly/TuMPP

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Michael Salit
Entrepreneurial Executive, President / Founder of Salit Solutions
Catching up on a backlog of biz journals, here’s more about Theranos and another of its “partners”…

http://www.bizjournals.com/sanjose/blog/techflash/2015/11/safeway-may-cut-ties-to-theranos-after-spending.html?ana=e_abd&u=j1%2BE5fGOAIXRr71NLAsTA3LBEDK&t=1448373712

Jonathan Wacks
Vice President Of Quality at Flexan, LLC
As an old mentor (from Brooklyn) taught me when I was a young engineer, “without data, you’re just one more clown with an opinion…”.

Yi Dong
Staff Scientist at Siemens Healthineers
Many people in the field have questions if not doubts about their core technology. They only need to show good data to prove the doubters wrong.

Stephen Glassic
Available: Biomedical Equipment Technician, Field Service Engineer, Electronic/Electromechanical Technician
What if someone just accidentally clicks the spam button. Can they take it back or does it just become an “oops”.

Greg Bearman
Visiting Researcher, Dept of Surgery at Beckman Laser Institute at University of California-Irvine
In my experience as a technology developer, if you have something that is faster, cheaper and better than the other guys, you tell EVERYBODY. You publish it and present at conferences. You can easily publish results, comparisons and correlations with the current standards and technology without giving away the details of how you did it. I have worked with spectral imaging technology for 25 years; every time somebody tells me they have a new method, I ask for data from spectral calibration standards. If I don;t get it (and often don;t), it is hard to take them seriously. How do I know it works without such data?

Burrell (Bo) Clawson
I research patents & design products to get a patented competitive position: Over 30 patents.
Michael, thanks much. If the moderator sees something that I or someone else posts which is spammy or promotion, I would consider it proper to let the poster know what the issue was/is. That’s the only way to improve things.

Michael Salit
Entrepreneurial Executive, President / Founder of Salit Solutions
Bo…
I have not seen a similar notice regarding my posts on this thread. It troubles me that anyone would consider your contributions to be anything but relevant on this topic and that you require oversight.
Hmmmm?

Leanna Levine
President & CEO, ALine, Inc.
Theranos is a great example of the power of a story with nothing to back it up…smoke and mirrors.

Burrell (Bo) Clawson
I research patents & design products to get a patented competitive position: Over 30 patents.
Michael and other posters here, I see a note at the top of this thread telling me “Your posts in this group are being moderated temporarily because members of this community marked your recent contributions as spam or not relevant.”

Now I don’t do spam or irrelevant posts, so I wonder what company’s personnel would consider what I wrote to be spammy content? I wonder what those persons are trying to do, such as to have my posts removed?

I wonder if I am the only “spammer” on this thread?

Michael Salit
Entrepreneurial Executive, President / Founder of Salit Solutions
Seems you don’t have to look hard to catch Theranos in the media… This time re: personnel.
http://upstart.bizjournals.com/companies/startups/2015/11/06/theranos-looks-for-new-lab-chief-amid-questions.html?ana=e_ubj&u=j1%252BE5fGOAIXRr71NLAsTA3LBEDK&t=1446841233&page=all

Michael Salit
Entrepreneurial Executive, President / Founder of Salit Solutions
After contraction.. the Theranos Board of Directors grew by one very big reputation, too soon to know why.
http://www.bizjournals.com/sanjose/blog/techflash/2015/10/legal-shark-david-boies-joining-theranos-board.html?ana=e_abd&u=j1%2BE5fGOAIXRr71NLAsTA3LBEDK&t=1446765881

Jonathan Wacks
Vice President Of Quality at Flexan, LLC
No data. No peer-reviewed science. Can it work? You are indeed correct-micro fluidics is certainly known.

Can it work at a price and convenience point to displace big box systems? Well, if they “forgot” to put in a simple filing for a lousy blood container, and blatantly mid-represented their presence in the market, do you really believe this Steve Jobs wannabe?

Burrell (Bo) Clawson
I research patents & design products to get a patented competitive position: Over 30 patents.
I can spell it but won’t speak it. Theranos is dealing with blood diagnosis which is well understood. Theranos is trying to ‘shrink it down’ which is being done in a variety of ways by other companies with advanced micro-fluidics, so the task is already being done.

The question is can Theranos get all the tests done that they claim with a very small sample size.

Jonathan Wacks
Vice President Of Quality at Flexan, LLC
Can you spell C-O-L-D F-U-S-I-ON?

Michael Salit
Entrepreneurial Executive, President / Founder of Salit Solutions
Theranos stays in the news…
http://upstart.bizjournals.com/companies/startups/2015/11/03/theranos-confident-of-fda-approval-and-doesnt-need.html?ana=e_ubj&u=j1%252BE5fGOAIXRr71NLAsTA3LBEDK&t=1446581678&page=all

Michael Salit
Entrepreneurial Executive, President / Founder of Salit Solutions
And some additional news re: Theranos. Apparently the Board of Directors has been revamped in something of a hush hush way. Candidly, I have always found this a curious group. More here…
http://upstart.bizjournals.com/companies/startups/2015/10/29/theranos-board-restructured-companysays-it-quickly.html?ana=e_ubj&u=j1%252BE5fGOAIXRr71NLAsTA3LBEDK&t=1446165704&page=all

Burrell (Bo) Clawson
I research patents & design products to get a patented competitive position: Over 30 patents.
Back on Theranos’ issues it must resolve, the FDA pressure has become intense with latest inspections:

http://www.darkdaily.com/two-fda-inspection-reports-show-theranos-blood-collection-nanotainer-was-an-uncleared-class-ii-medical-device-1028#axzz3psGmjZRs

Burrell (Bo) Clawson
I research patents & design products to get a patented competitive position: Over 30 patents.
What if someone just wants comments on his company’s issued stopped and clicks spam?

Oops, I’ve posted 3 or more times on this subject.

Karl Schulmeisters
Principal and Founder at ExStreamVR
>>What if someone just accidentally clicks the spam button. Can they take it back or does it just become an “oops”.<< It basically sends that person into never never land.... you can't undo it AFAIK