Monday, September 09, 2013
Instant blood test coming
Elizabeth Holmes, 29, a chemical engineer, dropped out of Stanford and founded a life sciences company called Theranos in 2003.
One of her inventions could change blood testing forever. She and her staff have miniaturized 1,000 lab tests from routine blood work to genetic testing, according to Joseph Rago, WSJ, Sept 7-8, 2013.
They warm your hand in a glove like warmer to bring the blood to the surface, then do a quick fingerstick to get all the blood they need. About the amount in a raindrop. It runs through an analyzer in minutes.
This may even come to pharmacies soon--there is a partnership with Walgreen's in the works. The goal--Theranos within five miles of almost everyone.
Tests account for 2.5% of spending, but drive almost all diagnoses. Often you need followup tests to pinpoint things.
Often, now, labs collect 45 times as much blood as they need.
Her technology also lowers the chance of human error.
And it's cheaper than most insurance companies will pay.
Cut costs, improve quality--what are the odds? Keep your eyes open for this one.
And good-bye to that pinch. What a misnomer.