Tech

To hook Walgreens, Holmes gave execs fake pharma reports, prosecution says

Enlarge / Theranos founder Elizabeth Holmes. (credit: Getty | Gilbert Carrasquillo) Theranos founder Elizabeth Holmes gave Walgreens executives fake reports from major pharmaceutical companies to lend credibility to her company’s ill-fated blood diagnostic devices. The bombshell came during the prosecution’s questioning of former Walgreens CFO Wade Miquelon. Holmes is on trial for 10 counts of […]

Tech

Theranos device “made a bunch of noise” but did nothing else in Safeway demo

Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, Calif., on Tuesday, Oct. 12, 2021. (credit: David Paul Morris/Bloomberg) Safeway’s ex-CEO said his company did more than 100 hours of due diligence for a deal with Theranos that would ultimately cost the grocery chain over $360 million before […]

Tech

Safeway spent $367M to prepare for Theranos tests that never came

Enlarge / Elizabeth Holmes, founder and chief executive officer of Theranos, is on trial for wire fraud. (credit: David Paul Morris/Bloomberg/Getty Images) Theranos founder Elizabeth Holmes’ charisma may have convinced the CEO of a major grocery store chain to form a partnership with the company, but it wasn’t enough to prevent the relationship from souring […]