This chapter discusses the rise and fall of Theranos and the need for innovation in blood testing. It highlights the development of a finger-prick device by Babson Diagnostics and their breakthrough in diagnostic blood tests. The chapter also introduces an interview with David Stein from Babson Diagnostics.
The Sunday Times’ tech correspondent Danny Fortson brings on David Stein, chief executive of Babson Diagnostics, to talk about the importance of blood testing (4:49), why Babson is not Theranos (6:47), trying to compete with that idea (9:26), why they succeeded where Theranos failed (14:34), using a tiny amount of blood (18:23), fighting against the Theranos effect (24:37), being owned by a company they aim to disrupt (26:28), liquid biopsies (28:02), the new age of biological data (32:23), regulatory approval (37:09), and avoiding the spotlight (39:03).
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