Frayed Knot

James B. Stewart, writing for the NY Times:

The attention lavished on Ms. Holmes has been effusive. Her goal of facilitating the early detection and prevention of disease by making blood testing easier and convenient is laudable. And the relatively young company may still work through its current difficulties.

But that so many eminent authorities — from Henry Kissinger, who had served on the company’s board; to prominent investors like the Oracle founder Larry Ellison; to the Cleveland Clinic — appear to have embraced Theranos with minimal scrutiny is a testament to the ageless power of a great story.

Theranos is in deep shit. But, count me among those who still hope, earnestly, that Holmes has what it takes to pull out of a nose dive and head for the stars again. Healthcare is due for a reckoning.