Morning Briefing
Summaries of health policy coverage from major news organizations
Breakup Gets Uglier: Walgreens Sues Ex-Partner Theranos For $140M
Stat: Walgreens Sues Theranos After Blood Testing Partnership Falters
Pharmacy giant Walgreens has filed a lawsuit against former partner Theranos, the embattled blood-testing company whose fortunes have plummeted among allegations of fraud. Walgreens filed its lawsuit under seal in Delaware, accusing Theranos of breach of contract. Walgreens is seeking $140 million in the suit, according to the Wall Street Journal. In a statement, Theranos said it will “respond vigorously to Walgreens’ unfounded accusations.” (Garde, 11/8)
The Associated Press: Walgreens Sues Theranos Alleging Breach Of Contract
Walgreens has sued its former partner, blood-testing startup Theranos Inc., alleging breach of contract. The unit of Walgreens Boots Alliance Inc. is seeking $140 million, the amount it invested in Theranos, according to The Wall Street Journal. (Johnson 11/8)
Reuters: Walgreens Sues Theranos For Breach Of Contract, Seeks $140 Million
Walgreens Boots Alliance Inc sued Theranos Inc on Tuesday, seeking $140 million in damages while accusing its onetime lab-testing partner of breaching a contract, according to court records. The company's Walgreen Co unit filed the lawsuit in federal court in Wilmington, Delaware, five months after the drugstore chain announced it was ending its relationship with Theranos. (Raymond, 11/8)
