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Expert board member claims company’s data and technology holds up under inspection.
April 8, 2016
By: Business Wire
Theranos, the blood testing technology company that has been plagued with troubles in the past months, has added several new members to its Scientific and Medical Advisory Board. The board was expanded after the company hosted three scientific review sessions with leading laboratory and medical experts who were invited to review the company’s proprietary technologies. Theranos provided the experts full exposure to its systems, devices, and data. The independent experts reviewed development and validation reports for tests performed on small volume samples, including finger-sticks, using Theranos’ proprietary technologies for a variety of assays, including assays of their choice. “It is clear that Theranos has done what people thought was impossible,” said David Helfet, M.D., director of the orthopedic trauma service, Hospital for Special Surgery and New York-Presbyterian Hospital, and a co-chair of the board. “Theranos invited groups of independent experts in the fields of pathology and laboratory medicine and literally took the lid off of the box. Experts were shown Theranos’ technology, met with Theranos scientists, and had access to any data. Theranos’ technology is a groundbreaking feat of science and engineering, making it possible to accurately analyze micro amounts of blood for the same tests routinely done today with traditional venipuncture.” “We are honored and humbled to bring together, and have the support of, such a distinguished and respected group of laboratory and medical leaders,” said Elizabeth Holmes, founder and CEO of Theranos. “We could not be more proud to have the opportunity to work together with these incredible individuals as we work to build best in class systems across our labs and product development initiatives.” The board will work alongside Theranos’ leadership and internal teams in various areas, including advising Theranos regarding the full integration of its technology into routine clinical practice, and publication and presentation in scientific journals and at scientific meetings. In addition the board will provide guidance on associated intellectual property initiatives, and will work with Theranos’ scientists and engineers on research programs associated with its next generation test systems. The members who are laboratory directors in their own institutions will work with the company to help inspect its clinical laboratories, and help the clinical laboratory directors with the implementation of best in class lab procedures and processes. Theranos’ Scientific and Medical Advisory Board is co-chaired by Holmes and Helfet, who previously chaired a Theranos Medical Board Task Force. Full bios of the board members follow:
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