Theranos Hires Chief Compliance Officer After Sanctions

Facing sanctions and a criminal probe, the blood-testing startup Theranos hired an in-house lawyer from McKesson to hold the newly created position of chief compliance officer.

Dan Guggenheim joins from McKesson, where he spent nearly 12 years including the last five as an assistant general counsel, regulatory law.

Theranos is facing a series of escalating problems : On July 7, the agency that oversees clinical labs, the Centers for Medicare and Medicaid Services, revoked a key lab certificate, issued monetary penalties and cancelled its payments from federal health insurance programs for lab services after an inspection of the company’s Newark, New Jersey labs turned up ...