flowing in every day , these data are added to the wayback machine after an embargo period . the company that hoped to revolutionize the blood . bond and richards - kortum told the new york times that in order to achieve results as accurate as conventional methods — the venous blood draw — they had to average six to nine drops of blood from each individual . but researchers are finding myriad challenges with relying on a single blood drop . san diego - based genalyte is also working on a diagnostics system to produce test results from a single blood drop . and in developing countries , health clinics are eager for " lab on a chip " diagnostics that can be done without piercing a vein . but unlike theranos , genalyte has generated a number of peer - reviewed studies to validate its approach . for a growing number of medical startups , the holy grail is to develop technology that can diagnose hundreds of diseases with a single drop of blood .