The Wall Street Journal

Former Walgreens CFO Describes How Theranos Wooed Him

Former Walgreens Boots Alliance Inc. executive Wade Miquelon had a lot of reasons to be excited about the blood-testing startup he met with in early 2010. Mr. Miquelon, the Walgreens chief financial officer from 2008 to 2014, traveled to Silicon Valley from Illinois that year for a meeting with Theranos Inc. founder Elizabeth Holmes and her top deputy, Ramesh “Sunny” Balwani. There he heard a pitch similar to what other Theranos investors and business partners were told: the startup could run ar


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