CHANDLER, Ariz.--(BUSINESS WIRE)--In recognition of its commitment to patients, innovation in diagnostics

development and health care delivery, Theranos

has been named the 2015 Arizona Bioscience Company of the Year by the

Arizona Bioindustry Association (AZBio).

Headquartered in Palo Alto, Theranos, Inc. is a consumer health care

technology company. Theranos’ clinical laboratory offers comprehensive

laboratory tests from smaller samples at unprecedented low prices.

Founded in 2003 by Elizabeth Holmes, Theranos’ mission is to make

actionable health information accessible to people everywhere in the

world at the time it matters, enabling early detection and intervention

of disease, and empowering individuals with information to live the

lives they want to live.

The company is also leading transparency in lab testing by committing to

FDA review all of its laboratory developed tests and publishing its

prices, lab proficiency testing scores, customer satisfaction scores,

guest visit times, and more.

“When one of our Arizona bioscience companies achieves great success, it

is cause for celebration across the entire life sciences community,”

said AZBio President and CEO Joan Koerber-Walker. “The Arizona

Bioscience Company of the Year award recognizes the bioscience company

whose Arizona-based operations did the most to transform the world

during the last 12 months.”

“Theranos’ mission is to make actionable health information accessible

to everyone at the time it matters. The company’s testing system uses

cutting edge technology to make lab testing more efficient, affordable,

convenient, and accessible to patients,” said Koerber-Walker. “Theranos

has shown great leadership in Arizona, actively advocating for patient

access to lab tests and the importance of the information those tests

provide to empower patients in our community to engage in their own

health, which has the potential to be life-saving.”

The company began operations in Arizona in late 2013 and has 42 Theranos

Wellness Centers in the greater Phoenix area. Theranos also has business

operations and a lab in the newest SkySong building in Scottsdale,

employing hundreds of Arizonans, with plans to expand throughout the

state.

“By empowering individuals with the information they need to make more

informed health care decisions and better engage with their doctors,

we’re helping shift the health care paradigm in this country to one

focused on prevention and the early detection of disease, to empower

individuals to live their best possible lives,” said Elizabeth Holmes,

founder and CEO of Theranos. “The passage of Arizona’s groundbreaking

Direct Access testing law introduced the potential for a new era of

preventive care across the country, giving Arizonans the opportunity to

take control of their own health information, and work with their

doctors, so that they can seek care and make lifestyle changes before

the onset of disease by taking control of their own health.”

Theranos will be honored during the Tenth

Annual AZBio Awards at the Phoenix Convention Center on October 1,

2015, in front of an audience of local, national, and international

leaders.

Previous recipients of the Arizona Bioscience Company of the Year

Award include: Insys Therapeutics, Inc. (2014), W.L. Gore &

Associates (2013), Cord Blood Registry (2012), SynCardia Systems, Inc.

(2011), Abraxis Biosciences (2010), which was acquired by Celgene that

year for $2.9B, and Ventana Medical Systems, Inc. (2009), which was

acquired by Roche in 2010 for $3.4B.

For a full list of past honorees, visit www.azbio.org/azbio-awards-2015/awards-history.

For registration and more information, go to www.azbioawards.com.

About AZBio

AZBio – The Arizona Bioindustry Association – is

comprised of member organizations in business, research, government, and

other professions involved in the biosciences. AZBio supports the

members of the Arizona bioscience community by providing access to the

key resources, connections, and information that support their ability

to Connect, Collaborate, Innovate and Succeed thus supporting the growth

of a thriving economic ecosystem for Arizona’s Bioscience Industry. The AZBio

Awards are an exciting opportunity to connect with Arizona’s fastest

growing industry sector.

For more information visit www.AZBio.org

and www.AZBio.TV.

About Theranos

Headquartered in Palo Alto, Theranos, Inc. is

a consumer health care technology company. Theranos’ clinical laboratory

offers comprehensive laboratory tests from samples as small as a few

drops of blood at unprecedented low prices. Founded in 2003 by Elizabeth

Holmes, Theranos’ mission is to make actionable health information

accessible to people everywhere in the world at the time it matters,

enabling early detection and intervention of disease, and empowering

individuals with information to live the lives they want to live. Visit

us at theranos.com.

Follow us at @theranos.

Images available upon request.

Contacts

AZBio Media Contact:

Arizona Bioindustry Association

Joan

Koerber-Walker, 480-332-9636

jkw@azbio.org

or

Theranos

Media Contact:

Lauren Vroom, 650-470-6153

pr@theranos.com


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