15 March 2016

She's Fundraising with Theranos? Seriously?!?!?

For a while, I have been talking about the smoke and mirrors show that is the lab test company Theranos.

The short version is that they have a multibillion dollar valuation for a technology that allows one to make blood tests from a drop of blood from a finger tip.

Unfortunately, they have not been able to make the technology work, and so they have been doing conventional tests to generate some revenue.

But they are f%$#ing this up too, having been cited by the FDA.

And now the Clinton campaign is having this den of fraud hold a fund raiser for them.

I guess that Enron was busy:
Theranos is a unicorn that may soon be sent to the glue factory. The biotech start-up was once the toast of Silicon Valley. Its signature technology — a blood-testing machine so sensitive it requires a mere pinprick of blood to make accurate diagnoses — attracted a $9 billion valuation. ……… And then, last October, The Wall Street Journal revealed that the company’s breakthrough technology doesn’t actually work.

In recent days, the Centers for Medicare and Medicaid Services found that the company’s lab in Newark, California, was in violation of five federal regulations, thereby posing “immediate jeopardy to patient health and safety." Last week, the release of that investigation’s full report revealed that “quality control issues” may have compromised the blood-test results of 81 patients.

……… But for god knows what reason, it hasn’t cost the company the chance to host a fund-raiser for the Democratic front-runner. Next week, Chelsea Clinton will join Holmes at Theranos’s Palo Alto headquarters to help raise money for her mother’s campaign. According to an email obtained by Re/code, the event will be held next Monday night and will cost most attendees $2,700 a head.

One of Clinton’s primary liabilities in her race against Bernie Sanders is the perception that she is overly friendly with corrupt corporate interests. So it's pretty bizarre that she has decided to have a (reportedly) corrupt corporation host her next big fund-raiser. And it’s only one of several unforced errors the campaign has made since last Friday. 
Someone in the Clinton sure picked the wrong week to stop sniffing glue.

On the bright side for the Campaign, at least this time Hillary was not caught on camera doing it, so she can blame some lowly staffer.

This really is a complete cock up.


Anonymous said...

Whatever it takes....You prefer donny?

Matthew Saroff said...

I prefer my Democratic Presidential candidates not to make me long for the political competence of John Kerry and Michael Dukkakis.

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