Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Photo of Elizabeth Holmes, the founder and CEO of Theranos. (Jeff Chiu / AP)
Theranos, Inc. has reached a confidential settlement with Walgreens, who will dismiss their lawsuit, according to Theranos' statement. The biotech company has faced a slew of lawsuits after the WSJ reported that it had used fake technology in demonstrations for clients and investors.
The biotech company has already reached agreements with federal regulators and Partner Fund Management.
Why it matters: Theranos has been embroiled in lawsuits over the past couple of years after a series of WSJ reports raised questions about its technology and claims. Theranos had a big partnership with Walgreens, but the latter since terminated that and then sued Theranos for breach of contract