Theranos was offering standard tests at a lower rate. I'm guessing the market price is so high, it's quite easy to generate positive cash flow from it. Could it be the incumbent industry players do not want a new competitor into the market?
Also Martin Shkreli got arrested recently. Who benefits most from arresting Shkreli? The pharmaceutical industry he shone the light on.
Well, Shkreli is a special kind of stupid. Rising the price 50x fold, openly saying he doesn't think it's a problem, saying he'll reduce the price but not doing it, drew quite a bit of anger from people, all that while having a history of shady business... I'm quite sure he was warned not to do this and stay under the radar by other people in the industry
Do you have any knowledge of this or pure speculation? The lab industry I know (10+ years in healthcare) does not have the 60%+ in waste necessary for Theranos to offer their prices + generate positive cash flow. Perhaps the investor dollars are funding the low prices
Also Martin Shkreli got arrested recently. Who benefits most from arresting Shkreli? The pharmaceutical industry he shone the light on.
Now where can you buy one of those hats?