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最年轻女亿万富翁的Theranos被WSJ曝光质疑。Safeway的$350M投资可能打水漂,NYU 11/12教授点评

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15-10-27 11:01操作
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事情又有了新的进展,lz忍不住又上来更新一下:
1. Walgreens Scrutinizes Theranos Testing
Drugstore chain won’t open new Theranos blood-testing centers while it seeks answers about startup’s technology, official says
[url=http://www.wsj.com/articles/walgreens-scrutinizes-theranos-testing-1445644015]http://www.wsj.com/articles/walgreens-scrutinizes-theranos-testing-1445644015[/url]

Walgreens Boots Alliance Inc. won’t open any new Theranos Inc. blood-testing centers until the startup company resolves questions about its technology, according to a Walgreens official.


On Thursday(Oct-22), a team from the drugstore chain met with senior Theranos executives, including founder and Chief Executive Elizabeth Holmes, at the startup’s headquarters in Palo Alto, Calif.


The meeting was requested by Walgreens after its directors and officials learned from in last week’s article The Wall Street Journal that the proprietary lab instrument developed by Theranos as the anchor of its growth strategy handled just a small fraction of the tests sold to consumers at the end of 2014, according to people familiar with the matter.


These people said Walgreens officials also were concerned after finding out in a follow-up article in the Journal that Theranos had stopped collecting tiny vials of blood drawn from finger pricks for all but one of its more than 240 tests.


Walgreens officials also were unaware of the Food and Drug Administration’s surprise inspection of Theranos facilities in August and September, the people added.


2. 272楼提到女CEO在接受WSJ.D live采访的时候承认,FDA对他们公司有过两次突击检查。

3. FDA 刚刚公布了两封 Form 483 letter!!!

What is Form 483 letter?
An FDA Form 483 is issued to firm management at the conclusion of an inspection when an investigator(s) has observed any conditions that in their judgement may constitute violations of the Food Drug and Cosmetic (FD&C) Act and related Acts. FDA investigators are trained to ensure that each observation noted on the FDA Form 483 is clear, specific and significant. Observations are made when in the investigator’s judgement, conditions or practices observed would indicate that any food, drug, device or cosmetic has been adulterated or is being prepared, packed, or held under conditions whereby it may become adulterated or rendered injurious to health.

[url=http://www.fda.gov/ICECI/Inspections/ucm256377.htm]http://www.fda.gov/ICECI/Inspections/ucm256377.htm[/url]
[url=https://en.wikipedia.org/wiki/Form_FDA_483]https://en.wikipedia.org/wiki/Form_FDA_483[/url]

好了,Theranos收到的两封Form 483信里面提到的violation包括:

a)Devices for which listing is required have not been listed. (用了一些仪器,但是没有在给FDA提交的清单上)

b) Procedures for receiving, reviewing, and evaluating complaints by a formally designated unit have not been adequately established.

c) Complaints involving the possible failure of a device to meet any of its specifications were not reviewed. evaluated, and investigated where necessary.

d) Corrective and preventive action activities and/or results have not been documented (修正数据的行为未被记录下来)

e) Software validation activities and results for computers or automated data processing systems used as part of production and the quality system have not been documented. (同d)

f) Quality audits have not been performed

g) Design validation did not ensure the device conforms to defined user needs and intended uses.

h) Design input requirements were not adequately documented.

i) The design was not validated under actual or simulated use conditions.

j) Design input requirements were not adequately documented.

两封Form 483 信原件

[url=http://www.fda.gov/ucm/groups/fdagov-public/@fdagov-afda-orgs/documents/document/ucm469395.pdf]http://www.fda.gov/ucm/groups/fdagov-public/@fdagov-afda-orgs/documents/document/ucm469395.pdf[/url]

[url=http://www.fda.gov/ucm/groups/fdagov-public/@fdagov-afda-orgs/documents/document/ucm469396.pdf]http://www.fda.gov/ucm/groups/fdagov-public/@fdagov-afda-orgs/documents/document/ucm469396.pdf[/url]




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15-10-27 11:13操作
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10.27 今天最新的NYT报道 Theranos Chief Yields to Calls for Proof of Blood Test’s Reliability [url=http://www.nytimes.com/2015/10/27/business/chief-of-theranos-pledges-to-prove-blood-tests-reliability.html?smid=tw-share&_r=0]http://www.nytimes.com/2015/10/27/business/chief-of-theranos-pledges-to-prove-blood-tests-reliability.html?smid=tw-share&_r=0[/url] Bowing to criticism, the founder and chief executive of the beleaguered medical testing company Theranos said on Monday that the firm would publish data validating the accuracy and reliability of its tests. At a conference on Monday night sponsored by the Cleveland Clinic, the chief executive, Elizabeth Holmes, suggested that presenting the data would be more effective than trying to rebut articles in the news media that she said unfairly attacked the company. “Data is a powerful thing because it speaks for itself,” she said. (大家都在拭目以待!) It is possible that other changes are coming at Theranos as well. A spokeswoman confirmed that David Boies, a well-known lawyer who has been Theranos’s outside legal adviser, will be joining its board of directors. It was not clear whether he would remain an outside lawyer for the company. (hoho,律师界顶级大佬回归!) While Ms. Holmes did not provide any details, the Theranos spokeswoman said the company would publish data comparing its technology to reference testing methods and comparing the results of tests using finger prick samples to those using conventional blood draws. She did not say when or where data would be published. In Cleveland, Ms. Holmes was interviewed on stage by Dr. Delos M. Cosgrove, chief executive of the Cleveland Clinic. The clinic has an agreement with Theranos to help develop the technology, but Dr. Cosgrove said the clinic had “not used the technology on our campus at this point.”
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15-10-27 14:00操作
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10.27 1:40pm

WSJ - FDA Inspectors Call Theranos Blood Vial ‘Uncleared Medical Device’
Agency’s inspection also found deficiencies in Theranos’s quality-assurance processes

[url=http://www.wsj.com/articles/fda-inspectors-call-theranos-blood-vial-uncleared-medical-device-1445967607]http://www.wsj.com/articles/fda-inspectors-call-theranos-blood-vial-uncleared-medical-device-1445967607[/url]

WSJ的报道内容基本上就是重复了281楼的消息,算是更广范围的报道出来了。毕竟一般人不会去查FDA网站,但是有很大概率关注一下WSJ的新闻。

不得不感慨一下,如今Unicron Club成员实在是太多了,不知道有多少成员最后会烧光了投资者的钱后默默退出

上一张别人总结的图,大家可以感受一下如今Unicron Club的拥挤程度

Total Number of Unicorn Companies: 142
Total Cumulative Valuation: $506B




大图:[url=https://www.cbinsights.com/blog/increasingly-crowded-unicorn-club/]https://www.cbinsights.com/blog/increasingly-crowded-unicorn-club/[/url]

完整名单:
[url=https://www.cbinsights.com/research-unicorn-companies]https://www.cbinsights.com/research-unicorn-companies[/url]

里面的Uber明显更新还不够及时,目前最新一轮融资后据说已经是$70B+的估值了。。。


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15-10-27 18:03操作
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有意思, 关注
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15-10-27 21:38操作
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帖子太棒了!大戏好看!欢迎LZ回来更新啊!
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15-10-27 21:52操作
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强烈支持各种质疑,这种涉及医疗技术的来不得半点故弄玄虚,毕竟人命关天哈
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15-10-27 22:19操作
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据说她中学时期就已经倒卖东西到中国的大学挣钱,从小有经济头脑。但是医疗检测行业在美国是寡头垄断,想挤进去必然会被巨大利益集团排挤。

CINDYCINDYBABY 发表于 10/22/2015 11:54:44 PM [url=http://forums.huaren4us.com/showtopic.aspx?topicid=1902453&postid=69457403#69457403][/url]




这个不是排挤,从目前披露的信息来看,这个公司水分很大。
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15-11-12 23:45操作
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最近又有两个事情在这里补充一下:

1) 11/10 WSJ 的 JOHN CARREYROU 继续跟进报道,披露了前面一个大家都不知道的事情,早在2011年Safeway和Theranos达成协议,投资了$350M在自己800间超市里面建立诊所用于Theranos提供血液测试,但是直到今日测试从未被推广。

Safeway知情人士透露,早在2012年,当时的Safeway CEO Steven Burd对于Healthcare领域很有热情,告诉过投资人Safeway要在wellness有大动作但是没有说过具体是什么(现在才知道是和Theranos的合作,并且Safeway在Theranos还投资了超过$10M)。2013年Mr. Burd 退休。公司的高层和一些员工对于Theranos的技术一直保持高度怀疑。他们不能理解为什么Theranos来Safeway做测试demo的时候,总是每次要抽两次血,一次用他们宣称的专利技术在指尖采血,然后还要在静脉采血一次。并且同一名员工的测试结果被发现和传统检验方式得到的数据有很大差异。一位Safeway在接受Theranos采血后被告知有可能患有前列腺癌,高层吓坏了,然后去其他lab再次检测后被告知数据正常未发现前列腺癌。因为对于测试有效性的高度怀疑,Safeway从未公开推广Theranos。直到2013年Mr. Burd 前夕,还有分析师问Mr.Burd说的wellness play 什么时候会开始,Mr.Burd只能以"It hasn’t happened yet."回答。

据悉,目前两家公司还在商讨如何解除所有协议。

[url=http://www.wsj.com/articles/safeway-theranos-split-after-350-million-deal-fizzles-1447205796]http://www.wsj.com/articles/safeway-theranos-split-after-350-million-deal-fizzles-1447205796[/url]

2) 11/12 NYU的 Aswath Damodaran 教授也发了一片长文在其博客阐述了Theranos这一神奇事件,写的非常风趣幽默。他在讲述事件大致经过后,总结了三个教训,很有意思。第一个, 如果美国著名编剧Aaron Sorkin需要剧本的话,完全可以拿Theranos的直接用。这个公司及其创始人背后的种种事情完全比一般编剧写出的剧本还要有想象力;第二个,黑色高脖毛衣,他说这完全就是一个伪装,一个人试图去模仿另外一个人,希望直接给人暗示她就是乔布斯,这种做法undercut the quality;第三个,他也吐槽了董事会成员,他说看到名单第一个感觉是“天呐,他还活着!”,第二感觉是“这一定是一个为军方秘密开发生化武器的公司”(backgound: Theranos一直宣称有军方项目合作,具体是什么,因为太过神秘,没有人知晓),第三感觉才是这些人根本没啥开发healthcare的背景,高度怀疑他们能否把握好技术开发,主要投资人居然没有坐在董事会里,好奇怪。

Runaway Stories and Fairy Tale Endings: The Cautionary Tale of Theranos
[url=http://aswathdamodaran.blogspot.com/2015/11/runaway-stories-and-fairy-tale-endings.html]http://aswathdamodaran.blogspot.com/2015/11/runaway-stories-and-fairy-tale-endings.html[/url]

生活还在继续,这个Unicron的故事还会继续发酵,也许奇迹仍会上演。[ali122]
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15-11-13 00:09操作
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[url=https://www.youtube.com/watch?v=rGfaJZAdfNE]https://www.youtube.com/watch?v=rGfaJZAdfNE[/url] 这个CEO自己的回答都很虚啊
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15-11-13 00:10操作
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关注,真的是年度大戏
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15-11-13 00:11操作
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分析师怎么说?
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15-11-13 00:23操作
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[url=https://www.youtube.com/watch?v=rGfaJZAdfNE]https://www.youtube.com/watch?v=rGfaJZAdfNE[/url]

这个CEO自己的回答都很虚啊
littletiger2013 发表于 11/13/2015 12:09:00 AM [url=http://forums.huaren.us/showtopic.aspx?topicid=1902453&postid=69688944#69688944][/url]

她的访谈我看过好几个,基本说的都很虚,从来不说具体技术,每次都是说“use our proprietary technology/platform”可以实现各种测量。然后对于质疑,她说我们的device有“FDA approval” (后来被FDA打脸后,开始改口了)。真逼急了,就说 “First they think you're crazy, then they fight you, and then all of a sudden you change the world”。还不行就说God指引她前进。

自信心爆棚,杠杠的
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15-11-13 00:34操作
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分析师怎么说?
行政执法 发表于 11/13/2015 12:11:02 AM [url=http://forums.huaren.us/showtopic.aspx?topicid=1902453&postid=69688976#69688976][/url]

这不是上市公司,没法分析,因为资料都不是公开的。开始各种Start Up各种狂飙的估值,外加这个公司华丽的外表,女CEO又是大奖拿到手软,大家基本都觉得厉害,现在冷静的越来越多。

这个Theranos被曝光后,已经带动一大波Unicron的估值遭到缩水了,说几个名气大的

1)Dropbox 首先出来警告投资者他们不可能按照最近一轮的估值去IPO(最近一轮估值是$4B飙到$10B,意思就是对投资人说,让我们按照$10B去IPO,臣妾做不到)

2)Square 本来$6B的估值,现在IPO询价在$4B左右,紧赶慢赶,下周四登陆NYSE。(长的再帅估值再高也不如跑得快啊,哈哈)

3)Fidelity这周宣布他们对自己在Snapchat的投资的估值降低25% ,他们Q2对自己持有的Snapchat估值在$30.72/sh, 最新的估值Q3给的是$22.91/sh。

4)Fidelity最近刚刚将他们在湾区红的发紫的Zenefits投资估值砍掉48% ,预示他们对Zenefits的估值在$2.3B左右,而不是上一轮最后的$4.5B。

Theranos带动一轮Unicron的破灭其实也算是立功了。

.
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15-11-13 11:13操作
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看了一些资料, 我突然有个theory. 这个Elizabeth的idea 是她学习中文,并且暑期去新加坡后提出来的. 其实原来在大陆, 血常规检查不都是取末梢血,指尖血嘛. 当然主要是因为大部分检查都是人为的制片后在显微镜下看来计算得出血常规报告. 但是西方因为很早就使用血液细胞仪,所以要求的都是静脉血,血液量也多很多,因为要过仪器. Elizabeth的灵感不会就是来自国内吧? 那样就太搞笑了. 因为我查了半天,好像美国传统上并没有所谓的finger prick的取样方式,在国内倒是很常见.
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15-11-13 12:22操作
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貌似造假
据说她中学时期就已经倒卖东西到中国的大学挣钱,从小有经济头脑。但是医疗检测行业在美国是寡头垄断,想挤进去必然会被巨大利益集团排挤。 CINDYCINDYBABY 发表于 10/22/2015 11:54:44 PM 这个不是排挤,从目前披露的信息来看,这个公司水分很大。a_fish_in_sea 发表于 2015-11-13 12:23 PM [url=http://forums.huaren.us/showtopic.aspx?topicid=1902453&postid=69507120#69507120][/url]
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15-11-13 12:39操作
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看了一些资料, 我突然有个theory.
这个Elizabeth的idea 是她学习中文,并且暑期去新加坡后提出来的.
其实原来在大陆, 血常规检查不都是取末梢血,指尖血嘛. 当然主要是因为大部分检查都是人为的制片后在显微镜下看来计算得出血常规报告. 但是西方因为很早就使用血液细胞仪,所以要求的都是静脉血,血液量也多很多,因为要过仪器.
Elizabeth的灵感不会就是来自国内吧? 那样就太搞笑了.
因为我查了半天,好像美国传统上并没有所谓的finger prick的取样方式,在国内倒是很常见.
maggic 发表于 11/13/2015 11:13:30 AM [url=http://forums.huaren.us/showtopic.aspx?topicid=1902453&postid=69692199#69692199][/url]
我也觉得uber的CEO肯定去过中国,就是私家黑车吗。哈哈
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15-11-13 13:22操作
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我也觉得uber的CEO肯定去过中国,就是私家黑车吗。哈哈

Maple 发表于 11/13/2015 12:39:48 PM [url=http://forums.huaren.us/showtopic.aspx?topicid=1902453&postid=69693352#69693352][/url]
哈哈, mm你太逗了[em63]
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她的访谈我看过好几个,基本说的都很虚,从来不说具体技术,每次都是说“use our proprietary technology/platform”可以实现各种测量。然后对于质疑,她说我们的device有“FDA approval” (后来被FDA打脸后,开始改口了)。真逼急了,就说 “First they think you're crazy, then they fight you, and then all of a sudden you change the world”。还不行就说God指引她前进。

自信心爆棚,杠杠的


Impressionist 发表于 11/13/2015 12:23:26 AM [url=http://forums.huaren.us/showtopic.aspx?topicid=1902453&postid=69689071#69689071][/url]
假称有FDA approval不会被告吗?
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这不是上市公司,没法分析,因为资料都不是公开的。开始各种Start Up各种狂飙的估值,外加这个公司华丽的外表,女CEO又是大奖拿到手软,大家基本都觉得厉害,现在冷静的越来越多。

这个Theranos被曝光后,已经带动一大波Unicron的估值遭到缩水了,说几个名气大的

1)Dropbox 首先出来警告投资者他们不可能按照最近一轮的估值去IPO(最近一轮估值是$4B飙到$10B,意思就是对投资人说,让我们按照$10B去IPO,臣妾做不到)

2)Square 本来$6B的估值,现在IPO询价在$4B左右,紧赶慢赶,下周四登陆NYSE。(长的再帅估值再高也不如跑得快啊,哈哈)

3)Fidelity这周宣布他们对自己在Snapchat的投资的估值降低25% ,他们Q2对自己持有的Snapchat估值在$30.72/sh, 最新的估值Q3给的是$22.91/sh。

4)Fidelity最近刚刚将他们在湾区红的发紫的Zenefits投资估值砍掉48% ,预示他们对Zenefits的估值在$2.3B左右,而不是上一轮最后的$4.5B。

Theranos带动一轮Unicron的破灭其实也算是立功了。

.






Impressionist 发表于 11/13/2015 12:34:51 AM [url=http://forums.huaren.us/showtopic.aspx?topicid=1902453&postid=69689177#69689177][/url]
你这话说的过于有煽动性了。这些公司的市值还是高于1b。照样是unicorn。
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15-11-13 14:25操作
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这个太好笑了。生物圈里圈钱的事那是相当的多,她这个实在是文化水平最低而牛皮最大,当仁不让的第一忽悠。
最近又有两个事情在这里补充一下: 1) 11/10 WSJ 的 JOHN CARREYROU 继续跟进报道,披露了前面一个大家都不知道的事情,早在2011年Safeway和Theranos达成协议,投资了$350M在自己800间超市里面建立诊所用于Theranos提供血液测试,但是直到今日测试从未被推广。 Safeway知情人士透露,早在2012年,当时的Safeway CEO Steven Burd对于Healthcare领域很有热情,告诉过投资人Safeway要在wellness有大动作但是没有说过具体是什么(现在才知道是和Theranos的合作,并且Safeway在Theranos还投资了超过$10M)。2013年Mr. Burd 退休。公司的高层和一些员工对于Theranos的技术一直保持高度怀疑。他们不能理解为什么Theranos来Safeway做测试demo的时候,总是每次要抽两次血,一次用他们宣称的专利技术在指尖采血,然后还要在静脉采血一次。并且同一名员工的测试结果被发现和传统检验方式得到的数据有很大差异。一位Safeway在接受Theranos采血后被告知有可能患有前列腺癌,高层吓坏了,然后去其他lab再次检测后被告知数据正常未发现前列腺癌。因为对于测试有效性的高度怀疑,Safeway从未公开推广Impressionist 发表于 2015-11-13 14:24 PM [url=http://forums.huaren.us/showtopic.aspx?topicid=1902453&postid=69688685#69688685][/url]
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