Reported settlement of around $25 million significantly reduces company funds.
Agreement could cost Theranos $30 million – significantly less than original $140 million lawsuit.
Partner Fund Management agrees to drop lawsuits.
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Firm also agrees not to own or operate a lab within two years.
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CMS report describes failures meeting its own quality control procedures.
Sanctions could be imposed regardless of second lab closure.
Company sacks a further 155 employees in “re-engineering” efforts.