> Same thing for the Theranos scandal. Financial regulators have done better for the safety of the patients than the FDA!

I have no idea why you think that. The FDA looked into Theranos in 2014-2015 and by 2015 had shut down everything but their herpes test. In 2012, when they started signing deals, Theranos was still claiming they were only performing research and development, so the FDA wouldn't get involved then. If a big company wants to invest in your startup with promises of future delivery of healthcare, how is that the FDA's responsibility?