As the leader in providing integrated quality management software systems to companies all around the world, MasterControl is making news and leading the way in solving business problems for all types of regulated manufacturers.
Exclusive: MasterControl Software Provides Efficiency, Transparency for Life Science CompaniesContact: Jennifer Hurst, Sr. Director, PR & Content
There are several lessons that companies and investors can learn from the collapse of Theranos and one of the key takeaways is in the area of transparency.
Theranos, which amassed a market value of about $9 billion at one point, was remarkably secretive about its research and, pretty much everything else. If investors were more demanding of transparency, perhaps the troubles the company found itself in, particularly the invalidation of more than 10,000 blood tests that brought on numerous lawsuits and the closure of its laboratories, may not have had to have happened. Calls for greater transparency in the life sciences industry have increased over the years, particularly in the areas of clinical trial research.