Submission + - Theranos CEO Elizabeth Holmes Banned From Owning A Lab (engadget.com)
An anonymous reader writes: The Wall Street Journal reports US regulators have devised to ban the owners and operators of Theranos from running a lab for two years. That includes CEO & founder Elizabeth Holmes, as confirmed by a press release issued tonight. The Centers for Medicare and Medicaid Services (CMS) revoked the lab's Clinical Laboratory Improvement Amendments (CLIA) certificate and imposed a civil money penalty for an unspecified amount. The ban does not take effect for 60 days, however Theranos says it will not do any testing at the Newark, CA lab CMS investigated, and instead will serve customers from its lab in Arizona.