[CptFribble]

I also have a background in biomedical engineering, and worked on actual diagnostic equipment for several years, and I would like to second this opinion. I only wish I had written down my rants about Theranos for future reference!

Theranos' claims fundentally misrepresented the state of medical diagnostics, and showed at best a failure to grasp the nature of the industry, and at worst a deliberate misrepresentation. Apparently it was the latter.

If any of the investors now saying "gosh who could have guessed" had taken 2 seconds to ask anyone who worked on or with real medlab tech about Theranos' claims, they wouldn't have touched that company with a 10 mile pole.