In an email to shareholders, CEO David Taylor said the company will try to pay unsecured creditors with about $5 million in remaining cash.
The Silicon Valley firm said big name investors had lost about $1 billion.
In June of this year, a federal grand jury indicted Theranos founder Elizabeth A. Holmes and former president Ramesh...Arizona News
Theranos, a blood-testing start-up that promised to revolutionize consumers' access to their medical information, was a Silicon Valley darling once valued at $9 billion.
Holmes had a Cinderella angle: a college dropout-turned-chief executive who had assembled a company board filled with powerful ex-government and military leaders and...