theranos mission statement

/Lang (EN-US) << /S /LBody 171 0 obj 266 0 obj << /S /LBody /S /P She had a charisma to her; she was very articulate,Cheung saidof Holmes. /Lang (EN-US) endobj /K 214 0 R endobj endobj /K 3 /MediaBox [0 0 612 792] /K 203 0 R >> /CropBox [0 0 612 792] /S /LBody >> 309 0 obj 325 0 obj /K 18 Both defendants appeared today before U.S. Magistrate Judge Susan van Keulen for their initial appearances. /Metadata 4 0 R Subscribe to our channelhttp. /Parent 5 0 R 17 [null null 204 0 R null null null 205 0 R null null null /K 31 /Resources 420 0 R << endobj 246 0 obj << endobj /S /LI /Lang (EN-US) endobj 363 0 obj /Lang (EN-US) endobj /P 44 0 R 314 0 obj >> endobj 103 0 obj >> 152 0 obj endobj /Annots [] >> /S /LI /P 8 0 R /K 202 0 R She now has "two very young children hertoddler and an infant," according to a recent court filing. endobj /K 21 /Contents [417 0 R 418 0 R 419 0 R] 1. << 47 0 obj /S /P /Lang (EN-US) /Lang (EN-US) Creating something new is about breaking the status quo. 67 0 obj << 73 0 obj << << Nies was hired at Theranos in March 2015 for $185,000 a year to be the senior manager of customer service and call center operations at the company's headquarters in Palo Alto, Calif., according . >> 291 0 obj /S /LBody /K 6 /Lang (EN-US) A young (age-defying), pure-looking (evil-defying), masculine-sounding (stereotype-defying) female CEO speaking about Theranos unfulfilled feats in the present or past present tense, Holmes proposition was so enticing that she was able to assemble one of the most impressive boards in corporate America. >> 3 min read. null null 191 0 R null null null 192 0 R null null] /Pg 243 0 R endobj >> endobj /K 7 70 0 obj /S /LI 352 0 obj /K 10 >> 177 0 obj "Sunny Balwani did not start Theranos," said the lawyer . /S /P /S /L The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. /Tabs /S /P 51 0 R /P 8 0 R /K 10 << /S /P << /K 201 0 R /Lang (EN-US) 180 0 R null null null 181 0 R null null null 182 0 R null /Pg 247 0 R /K 12 /P 48 0 R /Pg 254 0 R >> 251 0 obj endobj /K 166 0 R >> >> endobj /K 21 >> /Type /Page << /S /LBody /P 3 0 R endobj /S /L /S /P /S /LBody /K 10 /K 5 endobj >> >> >> >> >> << /S /LI >> endobj 219 0 obj THERANOS FOUNDER ELIZABETH HOLMES IN COURT; ANATOMY OF A FRAUD. She is photographed in 2014 while speaking about the company's vision at their headquarters in Palo Alto . /Pg 238 0 R 199 0 obj 355 0 obj /K 152 0 R endobj endobj /K 37 /P 8 0 R /K [354 0 R 355 0 R 356 0 R 357 0 R 358 0 R 359 0 R 360 0 R 361 0 R 362 0 R 363 0 R /S /P +1 (202) 442-3507. 118 0 obj Once a strong believer in Theranos' mission, Mattis testified that he eventually realized the Holmes had misled him with empty promises. /Lang (EN-US) %PDF-1.5 2. /Lang (EN-US) /S /LBody /Tabs /S /MediaBox [0 0 612 792] 61 0 obj /S /L /S /LBody /P 40 0 R /P 8 0 R /ModDate (D:20180314090210-07'00') /MediaBox [0 0 612 792] << endobj /P 8 0 R /MediaBox [0 0 612 792] Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. /Lang (EN-US) << << /K 137 0 R 340 0 obj /Lang (EN-US) /P 380 0 R << /S /P Early on, experts inside and outside of the company questioned the technology. /Lang (EN-US) 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R endobj /S /LBody Mission Statement. << /S /LBody Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. endobj /K 26 /Pg 241 0 R /S /LI 207 0 obj 229 0 obj The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. /Lang (EN-US) /S /LBody endobj /P 50 0 R /P 8 0 R Elizabeth Holmes, the infamous biotech chief executive who promised to revolutionize blood testing, has been found guilty of fraud. Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. << Special conditions for use statement(s): The Theranos HSV-1 IgG Assay is for prescription use only in accordance with 21 CFR 801.109 4. /S /LI 193 0 obj /P 269 0 R /S /LI >> /Lang (EN-US) 305 0 obj /Resources 452 0 R /S /LBody /K 10 /P 286 0 R /S /LI endobj /Type /Page John Carreyrou writes the story of a gifted 19-year-old who founded a health . /P 8 0 R << 328 0 obj endobj /Lang (EN-US) 111 0 obj endobj /K 144 0 R << 199 0 R null null] endobj /Lang (EN-US) /Pg 258 0 R /P 350 0 R >> /P 48 0 R endobj endobj /Pg 242 0 R /K 115 0 R /S /LBody /Pg 235 0 R endobj /P 50 0 R /P 40 0 R 12 [null null null 172 0 R null null null null 173 0 R null /S /LI /S /LI << 7 0 obj >> The tests performed on Theranos technology, in addition, were likely to contain inaccurate and unreliable results. Instead, a vision made boundless by its sharp divide from reality and its extraordinarily narrow goals ended up only perpetuating a state of motivated blindness. >> /K 3 /K 12 /P 8 0 R /Lang (EN-US) endobj When he sentenced Holmes, U.S. District Judge Edward Davila pushed to April 27 her report date to a prison in Byron, Texas, so she could give birth to her second child before being incarcerated. /S /LBody /Annots [] << >> /Lang (EN-US) endobj <> /K 2 /K 6 endobj 16 0 obj endobj 273 0 obj /K 29 /S /LBody 52 0 obj << 11 [null null 169 0 R null null null 170 0 R null null null /Pg 255 0 R << >> endobj /S /LBody Elizabeth Holmes speaks on stage at the Glamour Women of the Year Awards where she receives an award, in New York, NY on Nov. 9, 2015. /Kids [235 0 R 236 0 R 237 0 R 238 0 R 239 0 R] /Lang (EN-US) 151 0 obj /ITXT (2.1.7) /S /P /P 54 0 R << 185 0 R null null] 326 0 obj 138 0 obj /K 10 /P 8 0 R /S /P /MediaBox [0 0 612 792] >> /Pg 235 0 R << endobj >> /StructParents 20 >> >> /Subtype /XML The employees at Morgan Stanley earn an average yearly salary of $103,933 per year, and the salaries at National Journal average $73,533 per year. /Lang (EN-US) /S /P /Pg 258 0 R /S /LBody /S /LBody /P 59 0 R endobj endobj endobj >> 88 0 obj /Lang (EN-US) << /CreationDate (D:20180314084127-07'00') /Parent 13 0 R It included jury selection, opening statements, released text messages, and an unexpected . /Rotate 0 /S /LI /Lang (EN-US) /K 22 /Pg 249 0 R << /Pg 239 0 R << endobj 263 0 obj /K [380 0 R 381 0 R] Leaving Little Space for Inspiration. 218 0 obj Acrobat PDFMaker 18 for Word /S /LI << Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 2013 and 2014. /S /P endobj /P 287 0 R << 397 0 obj 282 0 obj 18 [null null 209 0 R null null null 210 0 R null null null 185 0 obj >> >> It then allegedly used those articles to generate financial interest. /P 262 0 R endobj << Onetime wunderkind Holmes and Balwani, her former partner in business and domestic affairs, stand charged with nine federal counts . << /S /P /Pg 247 0 R /Type /MCR endobj /P 310 0 R /P 48 0 R Follow Mike Snider on Twitter:@mikesnider. /SourceModified (D:20180314151216) 190 0 obj /CropBox [0 0 612 792] /Pg 247 0 R << /Parent 11 0 R /P 50 0 R << 174 0 obj Cheungs testimony continues today. endobj /Contents [465 0 R 466 0 R 467 0 R] /S /P 56 0 obj endobj /StructParents 23 /Pg 257 0 R stream >> /P 50 0 R According to The Associated Press, the Journals investigation marked the beginning of the end of Theranos. /K 161 0 R /StructParents 6 >> >> /P 266 0 R 37 0 obj /P 8 0 R /S /LI Holmes, at one point the nations youngest self-made female billionaire, and her former chief operating officer Ramesh Balwani, were indicted by federal prosecutors in June 2018 and charged with two counts conspiracy to commit wire fraud and nine counts of wire fraud each. /Pg 245 0 R /K 2 /P 359 0 R >> >> endobj /P 166 0 R 150 0 obj endobj endobj >> /Lang (EN-US) endobj /K 215 0 R >> endobj << The defendants also represented to investors that Theranos would generate over $100 million in revenues and break even in 2014 and that Theranos expected to generate approximately $1 billion in revenues in 2015 when, in truth, the defendants knew Theranos would generate only negligible or modest revenues in 2014 and 2015. /P 8 0 R endobj /Lang (EN-US) /K 19 /MediaBox [0 0 612 792] << /S /LI /K 174 0 R /Pg 257 0 R /P 8 0 R /S /LBody 204 0 obj /S /LI /Lang (EN-US) /S /LI << Join the Ars Orbital Transmission mailing list to get weekly updates delivered to your inbox. /Pg 237 0 R To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. << Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". /P 8 0 R Palantir has . /S /LI /Contents [461 0 R 462 0 R 463 0 R] /K 9 There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. 335 0 obj 296 0 obj endobj /Type /MCR << /S /LBody /Lang (EN-US) /S /L /K 12 >> /K [268 0 R 269 0 R 270 0 R 271 0 R 272 0 R] /K 28 >> /Lang (EN-US) 215 0 obj 10 [null null 163 0 R null null null 164 0 R null null null >> endobj << /MCID 2 /S /L >> endobj Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Trial Opens Defense lawyers say Holmes believed the company could screen for hundreds of diseases with just a finger prick . /K [28 391 0 R] /S /LI << /P 337 0 R Companies in Silicon Valley are wonderfully fond of describing themselves as "mission-driven.". 188 0 R null null null 189 0 R null null null 190 0 R null << /Type /Pages /Pg 247 0 R endobj 377 0 obj /CropBox [0 0 612 792] >> 279 0 obj endobj /Pg 255 0 R /P 8 0 R /K [26 397 0 R] endobj 35 0 R 36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R /S /LBody << Mr. Balwani's lawyer started his opening statement by deflecting blame onto Ms. Holmes, who was the chief executive of Theranos. >> /P 312 0 R 55 0 obj They proposed revoking the companys license to test human specimens. /Count 24 << /P 289 0 R << endobj 230 0 obj 270 0 obj /Pg 235 0 R 162 0 obj 370 0 obj The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. /P 46 0 R /K 22 /Resources 440 0 R 182 0 obj endobj endobj 106 0 obj << 287 0 obj Many of those statements were outright falsehoods or, more charitably, danced around the truth. Palo Alto, United States August 18, 2016: Elizabeth Holmes accepts The Entrepreneur award at, the 25th Annual Glamour Women of the Year Awards on Nov. 9, 2015, in New York. /P 54 0 R endobj The Journal reported that in 2015, the technology was only used for 15 tests. /P 8 0 R << endobj Connor Radnovich/The Chronicle. The employee data is based on information from people who have self-reported their past or current employments at Theranos. /S /LI Theranos' mission is to make actionable health information accessible to people everywhere in the world at the time it matters, enabling early detection and intervention of disease. /S /LBody /Lang (EN-US) 299 0 obj /K 24 >> /P 59 0 R But what may be less intuitive is the effect that such optimism likely had on the ability of the companys senior leadership to consider the implications of their decisions and following actions. /Type /MCR 75 0 obj >> >> >> >> /K [32 382 0 R] 161 0 obj << /MCID 2 >> /P 299 0 R << >> << /P 8 0 R /Lang (EN-US) endobj /Lang (EN-US) /StructParents 10 Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. Washington, DC. /Pg 235 0 R /CropBox [0 0 612 792] >> << /CropBox [0 0 612 792] /K 13 >> endobj << /K 177 0 R >> /Lang (EN-US) endobj /S /LI Elizabeth Holmes speaks during a Bloomberg, Television interview at the Vanity Fair 2015 New Establishment Summit in San Francisco, on Oct. 6, 2015. 313 0 obj >> /S /LBody /Length 501 0 R The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. <> >> << /S /LI /S /P >> /K 199 0 R >> /P 48 0 R And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. /Pg 235 0 R /P 54 0 R /P 8 0 R /Pg 241 0 R 201 0 obj endobj endobj /S /LI /Rotate 0 /StructParents 14 [2] This was done through a medical device called a nanotainer, which drew, retained, and analyzed mere droplets of blood from the patient's fingertip and . 368 0 obj /S /LI /K 128 0 R /Tabs /S /Pg 255 0 R 342 0 obj /Lang (EN-US) /P 342 0 R >> 375 0 obj endobj 239 0 obj /P 326 0 R /Length 10 0 R ] /Type /Page << 351 0 obj /Pg 243 0 R << endobj >> 250 0 obj /S /P /CropBox [0 0 612 792] /Lang (EN-US) endobj /P 380 0 R 236 0 obj As company founder Elizabeth Holmes is sentenced to over eleven years in prison and TV adaptation The Dropout earns star Amanda Seyfried an Emmy, we reveal everything you need to know about the Theranos controversy. /Lang (EN-US) /Pg 256 0 R /P 51 0 R /K 14 /S /P /K 27 The University recognizes the importance of its location in New York City and . This conspiracy misled doctors and patients about the reliability of medical tests that endangered health and lives.. << >> /P 285 0 R 387 0 obj /S /P << 1 >> endobj /K [15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R endobj /Annotation /Span /P 297 0 R /S /P /S /LBody /Lang (EN-US) 97 0 obj endobj 316 0 obj << Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." /K 22 /Resources 412 0 R 2 [null null 119 0 R null null null 120 0 R null null 41 0 R /S /L /Tabs /S /S /LBody /Parent 5 0 R /Pg 257 0 R endobj /Parent 12 0 R /K 10 Elizabeth Holmes finished testifying in wire fraud trial. Jumping off the track ends not with a win for consumers, physicians, investors and the company but with charges from the DOJ and the SEC. . 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] /Tabs /S /K 220 0 R endobj endobj 12 0 obj >> << endobj endobj /K 2 /S /LBody >> /P 55 0 R 2 0 obj /Pg 256 0 R Market data provided byFactset. /Pg 239 0 R endobj /StructParents 19 endobj /S /Table /P 325 0 R /Lang (EN-US) /P 282 0 R /Resources 492 0 R 227 0 R null null null 228 0 R null null] Nov 16, 2021, 6:17 PM PST. /S /LBody /P 340 0 R <> /P 380 0 R >> /P 55 0 R /K 120 0 R flagrantly vague and often outright untruthful statements. 139 0 R null null null 140 0 R null null null 141 0 R null 319 0 obj /K 0 90 0 obj /S /LBody Most of the tests that Theranos was performing for clients were done on devices made by other companies, Cheung testified. /S /LBody /StructParents 11 /Pg 249 0 R << 16 [null null 199 0 R null null null 200 0 R null null null << endobj /S /P 21 [60 0 R 61 0 R 62 0 R null null 229 0 R null null null 230 0 R Todays indictment alleges that through their company, Theranos, CEO Elizabeth Holmes and COO Sunny Balwani not only defrauded investors, but also consumers who trusted and relied upon their allegedly-revolutionary blood-testing technology., This indictment alleges a corporate conspiracy to defraud financial investors, said Special Agent in Charge Bennett. /Lang (EN-US) /Pg 235 0 R /P 50 0 R /S /LBody /Pg 236 0 R /Pg 244 0 R /Pg 240 0 R >> /Lang (EN-US) /K [28 394 0 R] << >> endobj /S /LBody >> /S /LBody /S /LBody /P 332 0 R /K 21 /Pg 238 0 R /P 8 0 R /P 374 0 R /S /LBody << << 41 0 obj <> 298 0 obj endobj $12,600 to the Democratic Party. 226 0 obj endobj << /K 213 0 R <> 107 0 obj << << 286 0 R 287 0 R 288 0 R 289 0 R 290 0 R 291 0 R 292 0 R 293 0 R 294 0 R 295 0 R /Lang (EN-US) /K 20 This is why accounts about Theranos willingness to circumvent FDA rules and requirements, among other things, or legitimate due diligence requests made by potential clients is disconcerting yet unsurprising. /S /LBody /P 23 0 R /P 8 0 R /S /LBody 15 [null null 192 0 R null null null 193 0 R null null null << /Lang (EN-US) /K 176 0 R /Contents [429 0 R 430 0 R 431 0 R] /Tabs /S /S /LI /S /LI >> >> /S /LI 13 0 obj 232 0 obj /K 13 endobj /K 148 0 R /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] /Pg 246 0 R << endobj endobj /CropBox [0 0 612 792] /K 51 /K 14 << 255 0 obj /K 34 /P 8 0 R /Pg 242 0 R /Pg 242 0 R According to the indictment, the defendants also allegedly made numerous misrepresentations to potential investors about Theranoss financial condition and its future prospects. endobj /S /LI 243 0 obj /P 50 0 R 35 0 obj 321 0 obj 143 0 obj /S /LBody /P 313 0 R << << << /MediaBox [0 0 612 792] The national average salary for a Theranos employee in the United States is $44,094 per year. Your California Privacy Rights | Do Not Sell My Personal Information >> /S /P There is no try', stolen from . /P 290 0 R /K 6 << /Pg 243 0 R Both schemes involved efforts to promote Palo Alto, Calif.-based Theranos. /K 12 /Annots [] Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. /MCID 2 << /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R /P 63 0 R /Pg 257 0 R /K 14 /P 48 0 R 329 0 obj << >> A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. << >> /Contents [441 0 R 442 0 R 443 0 R] Founded in 2003, Theranos is an established company that loves to hire graduates from Pima Medical Institute, with 15.9% of its employees having attended Pima Medical Institute. Initially she funded Real-Time Cures with her co. endobj /K 110 0 R >> /Lang (EN-US) >> /Lang (EN-US) /P 8 0 R 108 0 obj <> endobj 26 0 obj endobj /Lang (EN-US) >> endobj >> /K 17 The Associated Press contributed to this report. 134 0 obj endobj /S /LBody 64 0 obj /Resources 436 0 R The Indictment Alleges That Investors Were Defrauded. For example, the defendants represented to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers; when, in truth, Holmes and Balwani knew that Theranos purchased and used for patient testing third party, commercially-available analyzers. Specifically, the defendants claimed that Theranos developed a revolutionary and proprietary analyzer that the defendants referred to by various names, including as the TSPU, Edison, or minilab. 203 0 obj /Rotate 0 /S /LI 267 0 obj 3480 endobj /Parent 14 0 R /Lang (EN-US) /Pg 248 0 R 94 0 obj /P 55 0 R endobj >> null null 162 0 R null null null 163 0 R null null] /S /L /P 59 0 R /P 48 0 R /K 189 0 R null null 142 0 R null null null 143 0 R null null] endobj /P 42 0 R >> << /Rotate 0 endobj /P 48 0 R <> endobj << >> /S /LI 213 0 obj endobj endobj /P 48 0 R /Lang (EN-US) /S /LI >> >> /Type /Page /K 10 /Kids [11 0 R 12 0 R 13 0 R 14 0 R] /Pg 235 0 R /Lang (EN-US) /Lang (EN-US) endobj /Parent 13 0 R >> /Pg 251 0 R /K 223 0 R << /Lang (EN-US) /K 6 /Rotate 0 << /Pg 245 0 R >> The .gov means its official.Federal government websites often end in .gov or .mil. Theranos has established itself as a great place to work in California, and it is number 17 on Zippia's list of, The average employee at Theranos makes $44,094 per year. << /Lang (EN-US) /S /LBody 46 0 obj >> endobj << /Pg 250 0 R /Parent 13 0 R Theranos gambit may have extended over time precisely because all four biases played a role in the making of a dream that was never fully tested against the constraints of reality. /StructParents 21 >> The defendants are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. <> /P 8 0 R 176 0 obj /Tabs /S /K 157 0 R /Lang (EN-US) Its not uncommon for startups to lose money in their early years, and its not entirely unusual for the fastest burn rate to happen right before things turn around. << /CropBox [0 0 612 792] /Pg 235 0 R 87 0 obj endobj And at least one employee told the financial newspaper Theranos executivesdid not report test results that would have caused concerns about the machines accuracy. /Lang (EN-US) 20 [null null 221 0 R null null null 222 0 R null null 56 0 R /S /LBody 23 0 obj /P 39 0 R 80 0 R 81 0 R 82 0 R] /S /LBody Carreyous account of Safeways engagement with Theranos is powerful. /S /LI In opening statements, a federal prosecutor depicted Balwani as an instrumental accomplice who helped Holmes pull off a huge scam tied to Theranos' blood-testing technology. /P 8 0 R /P 34 0 R >> 1 0 obj /K 167 0 R << Walgreens ended its blood-testing partnership with the company, and the Department of Health and Human Services effectively banned Theranos in 2016 from doing any blood testing work at all. /S /LBody The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. /P 390 0 R >> /K 187 0 R The Theranos HSV-1 IgG Assay is for use with the Theranos System which performs automated sample processing steps and result analysis. << /Pg 245 0 R 339 0 obj 369 0 obj /P 51 0 R Entrepreneurship lives in the realm of threading between the present and the future. /S /LI endobj /S /P endobj CNN . >> 120 0 obj /Tabs /S >> << 196 0 obj /Pg 240 0 R /S /LI >> endobj /Lang (EN-US) /MCID 2 << /P 8 0 R /S /LI Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. /S /LI << The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. The Theranos story has been turned into an HBO . /Pg 253 0 R endobj >> D:20180314151216 /P 8 0 R endobj /K 5 /P 48 0 R /Count 5 >> 36 0 obj 148 0 obj /Pg 254 0 R /P 48 0 R /P 8 0 R /S /LBody /K 6 247 0 obj null 52 0 R 53 0 R] The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. endobj >> >> SAN JOSE - A federal grand jury has indicted Elizabeth A. Holmes and Ramesh Sunny Balwani, announced Acting United States Attorney Alex G. Tse, Federal Bureau of Investigation (FBI) Special Agent in Charge John F. Bennett; Food and Drug Administration (FDA) Commissioner Scott Gottlieb; and U.S. /S /P /Artifact /P >> /K 260 0 R endobj <> endobj /Pg 253 0 R endobj Theranos' mission: a blood test requiring only a pinprick of blood, enough to run dozens of medical tests on the startup's hi-tech machines. >> /P 8 0 R /S /LI >> /P 55 0 R /Lang (EN-US) << /Parent 13 0 R /P 323 0 R /S /LI In addition, the defendants represented to investors that Theranos would soon dramatically increase the number of Wellness Centers within Walgreens stores when, in truth, Holmes and Balwani knew by late 2014 that Theranoss retail Walgreens rollout had stalled because of several issues, including that Walgreenss executives had concerns with Theranoss performance. /P 8 0 R << << /S /LBody 62 0 obj null] Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. /Lang (EN-US) /Lang (EN-US) /Lang (EN-US) >> >> /S /P /K 6 /K 23 68 0 obj It's unclear . 109 0 obj /Pg 235 0 R /Type /Pages By Elizabeth Lopatto / @ mslopatto. endobj 158 0 obj << /P 48 0 R 170 0 obj In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. /S /LBody endobj /Pg 257 0 R << . 92 0 obj endobj Theranos Inc. (/ r. /S /LI null 114 0 R null] >> /CropBox [0 0 612 792] 119 0 obj /Lang (EN-US) /P 51 0 R endobj 21 0 obj >> /Lang (EN-US) /Pg 235 0 R /P 59 0 R /Pg 243 0 R /Pg 250 0 R /P 292 0 R /CropBox [0 0 612 792] 290 0 obj Elizabeth Holmes blue eyes and baritone voice, her, albeit incomplete, Stanford credentials and well-crafted life narrative were the perfect exterior to a dream-come-true vision of a better future for millions of people. 55 0 R 56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R /K 14 /Contents [437 0 R 438 0 R 439 0 R] 259 0 obj /K 49 /Pg 257 0 R /S /P /Pg 250 0 R >> /K 224 0 R /S /P << Theranos is a private health care and life sciences company with the stated mission to revolutionize medical laboratory testing through allegedly innovative methods for drawing blood, testing blood, and interpreting the resulting patient data. 66 0 obj

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