Upcoming Webinars Archived Webinars Training Vitals Host A Webinar About Get Updates Contact

Theranos Faces Class Action Lawsuit Over Inaccurate Blood Test

XTALKS VITALS NEWS

Lawsuit

The lawsuit alleges that the company used deceptive advertising to mislead customers into believing that their blood testing methods were accurate.

Share this!

May 27, 2016 | by Sarah Massey, M.Sc.

Earlier this week, a class action lawsuit was filed in a federal court against controversial laboratory services company, Theranos Tweet: Class action lawsuit filed in a federal court against #Theranos http://ctt.ec/i661d+. The lawsuit alleges that the company used deceptive advertising to mislead customers into believing that their blood testing methods were accurate.

The lawsuit comes just weeks after Theranos announced that two years’ worth of testing results would be voided, and tens of thousands of corrected and revised results would be delivered to patients. The Centers of Medicare and Medicaid Services (CMS), are also considering banning Theranos’ co-founder, Elizabeth Holmes, from the blood testing industry for a two year period.

The Arizona man who filed the lawsuit is seeking damages and an order that the company stop engaging in false advertising. The man purchased a Theranos finger-prick blood test in December of 2015. According to the legal proceedings, the man would not have purchased the test had known that the Edison device did not work as advertised by the company.

The lawsuit claims that both the voided test results and the report filed after the CMS inspected Theranos’ Newark lab, suggest the company presented misleading information to consumers in regard to the accuracy of its testing methods. “As a result, tens of thousands of patients may have been given incorrect blood-test results, been subject to unnecessary or potentially harmful treatments, and/or been denied the opportunity to seek treatment for a treatable condition.”



According to Brooke Buchanan, a spokeswoman for Theranos, the lawsuit is “without merit” and the company plans to “vigorously defend itself against these claims.” Theranos made claims that the blood testing technology would allow for speedier, less-costly, point-of-care analysis.

Theranos formed a partnership with US pharmacy giant Walgreens in 2013, to allow for distribution of its tests. According to an article published in The Wall Street Journal, Walgreens failed to thoroughly asses the technology, as they were eager to quickly sign a deal with Theranos.

According to the lawsuit, the Walgreens deal legitimized Theranos’ testing claims, allowing the company to market their product to thousands of customers. While Theranos claimed their devices were compliant with regulations, Walgreens failed to do their due diligence to confirm those claims, before making a deal.


Keywords: Blood Test, Advertising, Lawsuit


| NEXT ARTICLE | MORE NEWS | BLOGS | VIDEOS | POLLS & QUIZZES | WEBINARS |

Share this with your colleagues!

MORE NEWS
Amgen Identifies Issue with Patient Access to PCSK9 Inhibitor

March 23, 2017 - Most US patients hoping to get their PCSK9 inhibitor medications covered by their prescription drug plan are being denied, according to two new studied conducted by Amgen.

Featured In: Biotech News


Smartphone App Created Using Apple’s ResearchKit Used to Conduct Asthma Clinical Studies

March 22, 2017 - Researchers at the Icahn School of Medicine at Mount Sinai have conducted a large-scale, observational study of asthma patients using the Apple ResearchKit framework and the Asthma Health app on patients’ iPhones.

Featured In: Clinical Trials News


IBS Patients Taking Viberzi May Be at Increased Risk of Pancreatitis

March 22, 2017 - According to a recent drug safety communication issued by the US Food and Drug Administration (FDA), patients with irritable bowel syndrome (IBS) with diarrhea should not be treated using Viberzi (eluxadoline), if they do not have a gallbladder.

Featured In: Drug Safety News

LEAVE A COMMENT
 
  
THE XTALKS VITALS LIFE SCIENCE BLOG

Will Pharmaceutical Serialization Solve All of Our Drug Counterfeiting Problems?

REGISTER FOR THESE WEBINARS

How to Improve the Speed and Efficiency of Your Clinical Trials


High Performance Computing for High Content Screening - A Case Study


The FDA Guidance on the Assessment of Abuse Potential of Drug – A Critical Review


Treatment of Psoriasis: Improvements Through Clinical Trials


Copyright © 2016-2017 Honeycomb Worldwide Inc.