Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003.
#ELIZABETH HOLMES THERANOS TRIAL#
A year later, Holmes had dropped out of her studies at California’s elite Stanford University so she could focus entirely on Theranos. Theranos started shutting down its clinical labs and wellness centers in late 2016, finally ceasing operations in September of 2018. Elizabeth Holmes founded her company Theranos at the age of 19 and it set out to revolutionise laboratories through blood tests that could be performed rapidly while using very small amounts of blood. Elizabeth Holmes dropped out of Stanford University and founded blood testing startup Theranos in 2003, with the aim of using just a few drops of blood.Holmes lost control of the company, returned millions of shares, and was barred from serving as an officer or director of a public company for 10 years.The SEC charged Theranos, its founder and CEO Elizabeth Holmes, and its former President Ramesh "Sunny" Balwani with fraud. Theranos founder Elizabeth Holmes seeks new trial Theranos founder Elizabeth Holmes called for a new trial Tuesday after a key witness for prosecutors had second thoughts about his testimony, a.
The technological breakthrough that CEO Elizabeth Holmes and former company president Ramesh Balwani touted was never demonstrated, and the assertions of Holmes and Balwani amounted to outright deceit. Riveting look at the now-defunct company Theranos and its enigmatic founder and CEO Elizabeth Holmes, whose ambition to revolutionize blood testing through.Based largely on the company's claims, Theranos reportedly raised roughly $724 million of capital from venture capitalists and private investors. Elizabeth Holmes asked a judge this week to toss a jury’s verdict finding her guilty of defrauding investors in her failed blood-testing startup, Theranos but legal experts call her efforts.
Theranos Inc., a consumer healthcare technology startup, was once valued at $10 billion, and its leadership claimed it would revolutionize the blood-testing industry.
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