The company plans to formally dissolve itself and pay unsecured creditors its remaining cash in coming months, the newspaper reported, citing an email sent to shareholders.
Theranos founder Elizabeth Holmes and former president Ramesh Balwani are facing criminal charges of wire fraud. Both executives have denied the charges, according to the Journal. Under the loan terms, Fortress was entitled to foreclose upon the company's assets if its cash fell beneath a certain threshold. He said it owes at least $60 million.
The big-name investors who poured money into Theranos will get nothing.
Investors lost nearly $1 billion in the company, The Journal reported.
The announcement of the closure comes almost three months after Theranos founder Holmes and Chief Operating Officer Ramesh Balwani were charged with criminal fraud. If convicted, they could face prison sentences that would keep them behind bars for the rest of their lives, and total fines of US$2.75 million each.
The indictments followed months of reporting by The Wall Street Journal that raised questions about the company's technology and practices.
The idea was that this would reduce sharply the cost of blood tests as well as making the process less unpleasant to patients with a phobia of needles.
Theranos and Ms Holmes, its founder, claimed that Edison, their invention, a portable blood analyser, could conduct comprehensive tests using tiny amounts of blood taken from a pinprick on the finger, rather than vials filled with blood taken from veins.
Ms Holmes herself became a business pin-up, wearing a black turtleneck jumper that drew comparisons with Steve Jobs, while profiles regularly pointed out that, like other successful tech entrepreneurs such as Bill Gates and Mark Zuckerberg, she was a college drop-out. The pharmacy chain has said it was misled by Theranos about its technology and prospects. Behind the scenes, it performed the vast majority of the tests with commercial analyzers purchased from other companies.
But Syrian government forces are now massing around the province, which has become the last rebel bastion in the country. But analysts say there is little that it can do in the face of Russian and Syrian resolve to root out the fighters .
An aftershock measuring 5.3 rocked the area moments later and smaller aftershocks followed throughout the night. The quake, which struck at 3:08am (local time) posed no tsunami risk, the Japan Meteorological Agency said.
There were rumours about which characters from each season would be back, as well as what the theme would be. Jessica Lange will also be reprising her legendary Murder House character, Constance Langdon.
The Trader Joe's job, which he's had for 15 months, provides him with schedule flexibility so he can try and stay in acting. But actually, it's not better. "Because I didn't want people to say, 'Oh look what she's doing now, '" Kellaigh said.
Idlib is held by a complex array of rebels and jihadists, many of whom have been blacklisted as "terrorists" by world powers. The White House on Tuesday threatened military intervention if the Syrian government used chemical weapons.
Open championship and 14th Grand Slam trophy. "It's one of the first times it's happened to me", Federer said after the match. It is also only the second time in Federer's past 14 appearances at the US Open that he has lost before the quarter-finals.
Spain's Suarez Navarro sent Maria Sharapova crashing out of the ongoing US Open after a 6-3, 6-4 straight sets victory on Tuesday. Maria Sharapova , of Russian Federation , waits for Jelena Ostapenko , of Latvia, to serve during the third round of the U.S.
McCain , who died of brain cancer at age 81 on August 25, would have been up for re-election to his seventh term in November 2022. Before his retirement, Kyl served as the Senate Minority Whip, the second-highest position in the Republican Senate leadership.