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Walgreens sues Theranos alleging breach of contract

November 9, 2016

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Walgreens has sued its former partner, blood-testing startup Theranos Inc., alleging breach of contract.The unit of Walgreens Boots Alliance Inc. is seeking $140 million, the amount it invested in Theranos, according to The Wall Street Journal.The lawsuit was filed under seal in U.S. District Court for the District of Delaware.

A spokesman for Deerfield, Illinois-based Walgreens declined to comment Tuesday beyond confirming the lawsuit had been filed.

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