Federal regulators rein in Theranos: 6 things to know

Theranos CEO Elizabeth Holmes is not allowed to oversee a medical laboratory for two years, according to The New York Times.

Here are six things to know:

1. Effective Sept. 5, federal regulators uncertified Theranos' laboratory in Newark, Calif.

2. The Theranos' laboratory will not be allowed to accept Medicare or Medicaid payments.

3. If Theranos does not comply with the regulations, it will pay $10,000 for each day it isn't complying.

4. These regulations spur from questions about Theranos' technology efficacy as well as laboratory operations. Regulators found poorly trained employees and blood samples stored in inappropriate temperatures.

5. The Justice Department opened a criminal investigation into the company in April.

6. Theranos reported it will still operate in its Arizona laboratory.

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