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What the Theranos Debacle Reveals about Government Regulation - Foundation for Economic Education

How odd that the “uniquely rigorous” FDA reviewed Theranos’s finger-stick blood-test technology and underlying testing system, yet didn’t catch that they don’t work. Despite the fact that the FDA scrutinized her company’s systems in-depth, from collection devices and software to analytics and methodology, some people are still going to look at this debacle and call for more government oversight. This is not just the wrong approach, but a dangerous one. ....

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