McKay most recently directed the acclaimed financial crisis drama The Big Short, based on Michael Lewis’ best-selling non-fiction book.
Per Deadline, Lawrence will play Elizabeth Holmes, the 32-year-old founder of Theranos, a medical company start-up that was valued at $9 billion just a couple of years ago.
More recently, Holmes has come under fire and Theranos is the subject of an investigation following claims of inaccurate test results.
Back in May, McKay was reportedly in talks to direct Irredeemable, a superhero film based on Mark Waid and Peter Krause’s comic book series.