Can Theranos resurrect from its ashes?

Theranos was a biotechnology company which, in the 2010s, promised to revolutionize traditional clinical chemistry testing by using novel technology, microvolumes of blood obtained by finger pricks, and performance of tests outside traditional clinical chemistry laboratories, such as in pharmacies. Theranos did not publish any details of their technology, nor sought to evaluate it independently. Despite this, it attracted millions of dollars of investments, and at a point, its market valuation reached $9 billion. Around 2015 the Theranos business practices and technology were scrutinized and it was revealed that they misled investors, doctors, and patients by falsely claiming of using their own technology, when in fact, they were using traditional clinical chemistry analyzers. The leaders of Theranos are now serving prison time. This year it was announced that a new effort is underway, by people who are related to Theranos, to start a new company, with objectives that partially overlap with those of the old company. Here, we comment on these new developments, with the hope that the lessons learned from the past will guide the new leaders to find success while mentioning that some new developments in the field will likely pose formidable competition.