Theranos is expected to shut down for good

Jeff Chiu/AP

• Theranos is closing up shop, The Wall Street Journal reported on Tuesday night, citing a shareholder email.
• Once a Silicon Valley darling, the startup blood-testing company became mired in scandal over the last few years.
• Its founder, Elizabeth Holmes, and her second-in-command are facing criminal charges on accusations that they defrauded investors, doctors and patients.

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Theranos is shutting down, The Wall Street Journal said on Tuesday night, citing a shareholder email.

According to the email, Theranos said it plans to spend the next few months repaying creditors with its remaining resources.

See the rest of the story at Business Insider

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SEE ALSO: Theranos founder Elizabeth Holmes has been charged with wire fraud — here's how much jail time she could face

DON'T MISS: The rise and fall of Theranos, the blood-testing startup that went from a rising star in Silicon Valley to facing fraud charges over a wild 15-year span

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