SMALL, FAST AND CHEAP, THERANOS IS THE POSTER CHILD OF MED TECH — AND IT’S IN WALGREEN’S

By EmmaZahn on Wed, 11/20/2013 - 5:12pm |

Henry Ford would recognize the principle that allows Theranos to complete accurate lab tests within four hours: Consistency and automation increase speed and bring price down. Even so, Theranos’s selling point is much smaller than a Model T: a capsule-sized lab vial, and just one needs to be filled for the company to run nearly any standard lab test.

Here’s how it works: Blood is drawn with a finger stick, rather than a needle in the arm. (It can also run urine tests with just a drop of that.) There are no botched sticks — of course, there are no phlebotomists, only machines, in Therenos labs.

URL:

http://singularityhub.com/2013/11/18/small-fast-and-cheap-theranos-is-the-poster-child-of-med-tech-and-its-in-walgreens/