A Marriage Gone Bad: Walgreens Struggles to Shake Off Theranos

Re:A Marriage Gone Bad: Walgreens Struggles to Shake Off The... by joezydeco on Friday April 22, 2016 @10:33AM (#11549476)

Perhaps it's just a lesson to have your science locked down and proven before you make all kinds of promises to investors. And if your science is broken, don't snow people over with a board of directors that Fortune-50 companies can't even muster.

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Re:A Marriage Gone Bad: Walgreens Struggles to Shake Off The... by a3n on Friday April 22, 2016 @11:29AM (#11549891)

Except sometimes you need those investors' money to get to where your science is locked down and proven.

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Re:A Marriage Gone Bad: Walgreens Struggles to Shake Off The... by hga on Friday April 22, 2016 @11:43AM (#11550011)

As I understand it, that's how it works with the VCs who specialize in biomedicine. They'll provide limited funding to scientists with a credible theory to see if it pans out, with further funding to ideally follow.

Theranos got way too far without having to prove their science.

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Re:A Marriage Gone Bad: Walgreens Struggles to Shake Off The... by tclmeelmo on Friday April 22, 2016 @11:43AM (#11550010)

Experienced investors aren't going to invest much if the science isn't on a good foundation. Even if they would, that's a pretty expensive way to fund research: it's cheaper to fund it by grants or through revenue.

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Re:A Marriage Gone Bad: Walgreens Struggles to Shake Off The... by a3n on Friday April 22, 2016 @02:37PM (#11551492)

And were these experienced investors? :)

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Re:A Marriage Gone Bad: Walgreens Struggles to Shake Off The... by tclmeelmo on Saturday April 23, 2016 @11:02AM (#11555810)

I am under the impression that they were experienced in IT but inexperienced in biomedical investments.

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Re:A Marriage Gone Bad: Walgreens Struggles to Shake Off The... by xenihn on Friday April 22, 2016 @02:17PM (#11551295)

Makes you wonder how much investor funding that would have otherwise gone to startups with an actual viable product was sucked up by Theranos.

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