Is Theranos Running Out of Time?

The transcript discusses the regulatory actions taken by the Center for Medicaid and Medicare Services (CMS) against Theranos. CMS sent a letter to Theranos outlining serious sanctions, including the potential revocation of their lab license, which would prevent Elizabeth Holmes and her lab director from operating any lab for two years. This action follows a CMS inspection that found compliance issues at Theranos's California lab. CMS deemed Theranos's corrective actions insufficient, prompting the proposed sanctions. Theranos must now decide how to respond to these regulatory challenges.

Who is the main regulatory body overseeing Theranos?

• NIH

• CDC

• CMS

• FDA

What serious action did CMS propose against Theranos?

• Fining the company

• Suspending their CEO

• Revoking their lab license

• Issuing a warning

What would happen to Elizabeth Holmes if CMS revokes the lab license?

• She would receive a warning

• She would be demoted

• She would be barred from operating any lab for two years

• She would be fined

Why did CMS consider taking action against Theranos?

• For not paying taxes

• Because of non-compliance with standards

• For misleading advertising

• Due to financial irregularities

What was CMS's opinion on Theranos's response to the inspection?

• It was satisfactory

• It was partially acceptable

• It was not credible

• It was exemplary