Gav-Med Group

Medical Laboratory startup once having a valuation of 10 billion dollars is the biggest scam and ponzi scheme in the history of  Laboratory Medicine . Theranos, a defunct healthcare technology company, claimed to have invented a machine that can perform thousands of blood tests on a single drop of blood from a fingerstick without using the traditional venipuncture. This blood testing company was first founded in 2003 by 19 year old Elizabeth Holmes, a chemical engineering dropout from Stanford University. Lies and Deception are at the core of Theranos' rise and in June 2018, Elizabeth Holmes stepped down as CEO and was charged with wire fraud among other criminal charges. She defrauded investors and is the focus of a HBO documentary as well as a movie that is yet to be released. Elizabeth claimed that this machine, which she dubbed "Edison", would revolutionize the diagnostics industry and eliminate the use of needles in  Laboratory Medicine . It made her the younge...

In this age of information, technology companies like 'Uber' have disrupted the status quo and made life easier for many. Mobile phlebotomy is one area similar to 'Uber' that will catalyze another disruption. Silicon Valley has been tagged as a hub for "fake-it-till-you-make-it" entrepreneurs and is undoubtedly the home for these future disruptions. There is a paradigm shift in how people communicate (Social Media) and now there is a shift in how people travel (Uber). A recent launch of another tech company highlighted a shift in medical testing and phlebotomy services. Doctors can now order medical lab tests on a smartphone app and independent phlebotomists would visit patients at their home or office to collect their blood for testing. 'Iggbo' as the company was called was labelled as the 'Uber for blood' even by its founder Dr. Shaiv Kapadia. This innovative cardiologist intended to revolutionize and democratize healthcare by offering p...