“We are disappointed that Walgreens filed this lawsuit. Over the years, Walgreens consistently failed to meet its commitments to Theranos. Through its mishandling of our partnership and now this lawsuit, Walgreens has caused Theranos and its investors significant harm. We will respond vigorously to Walgreens’ unfounded allegations, and will seek to hold Walgreens responsible for the damage it has caused to Theranos and its investors.
Several years ago, Theranos adapted its business plan to become a clinical lab, and gave up significant opportunities in order to formalize an exclusive relationship with Walgreens. As a small company, we relied on Walgreens’ promise to help us build a substantial commercial footprint. By failing to follow through on that promise and others, Walgreens breached our contract and inflicted damage on Theranos and its investors. Theranos has been considering affirmative litigation against Walgreens for some time. In light of today’s news, we will proceed aggressively to recoup the damage caused by Walgreens.”