Theranos
Using a nanotainer a small device designed to draw. Former Theranos CEO Elizabeth Holmes spent another five hours on the witness stand Tuesday sparring with a federal prosecutor aiming to prove criminal allegations that she misled investors customers and patients about a flawed blood-testing technology that she spent years touting as a medical breakthrough.
Theranos Ceo Going After A Dream Elizabeth Holmes Fall From Grace
What You Should Know.
. The company claimed that it devised blood tests that required very small amounts of blood and could be performed rapidly thanks to the small automated devices the company had developed. The Theranos Trial. Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003.
Media tycoon Rupert Murdoch lost 120m he had invested in Theranos. Theranos leadership also distinctly lacked the expertise required to develop a sophisticated medical testing technology Carreyrou said. Walk into your local drugstore provide a few drops of blood via finger-prick and get screened.
The company was criticized for having a board of directors primarily composed of former diplomats and military personnel. This Theranos engineer orders a glue-dispensing robot from a company in New Jersey then affixed a pipette to the robotic arm and programmed the arm to mimic the steps that a lab scientist would. Theranos ˈθɛrənoʊs was an American privately held corporation that was touted as a breakthrough health technology company.
25 2021 -- The promise seemed too good to be true. The Theranos founder is charged with 12 counts of wire fraud and conspiracy after her blood-testing start-up once valued at 9 billion. Ex-Theranos Lab Director Kingshuk Das took the stand in Elizabeth Holmes trial testifying that his first job at the start-up was responding to an audit.
SAN JOSE Calif. Ms Holmes now 37 faces up to 20 years in prison if found guilty of the 12. Theranos the blood-testing start-up that promised to revolutionize health care only to collapse after its hyped product turned.
Theranos destroyed database that proved blood test was a fraud.
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