Enlarge / Theranos founder Elizabeth Holmes speaks on stage during the closing session of the Clinton Global Initiative 2015 on September 29, 2015, in New York City. (credit: JP Yim/Getty Images) Silicon Valley loves unicorns, the privately held startups that surge to $1 billion valuations and beyond. By that measure, Theranos was a very special […]
Enlarge / Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Nov. 2, 2021. (credit: David Paul Morris/Bloomberg) As Theranos burned through cash, founder Elizabeth Holmes was apparently desperate to land a large investment from Walgreens—so desperate that she sent the drugstore’s executives two bogus pharma reports, […]
Enlarge / Theranos founder and former CEO Elizabeth Holmes inside the Robert F. Peckham US Federal Court on June 28, 2019, in San Jose, Calif. (credit: Justin Sullivan/Getty Images) Theranos founder Elizabeth Sherlock holmes told Walgreens executives in an email that pharma giant Pfizer had completed its “own technical validation” of Theranos, jurors in Holmes’ […]
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 ) Over the past few days, jurors in Theranos founder Elizabeth Holmes’ criminal trial have been hearing about the now-infamous demos given to Theranos investors. The devices would make […]
Enlarge / Theranos founder Elizabeth Holmes collects her belongings after going through security at the Robert F. Peckham Federal Building with her defense team on August 31, 2021, in San Jose, California. (credit: Ethan Swope | Getty Images) There is a saying within the startup world that many companies try to fake it till they […]
Enlarge / Elizabeth Holmes, founder and former CEO of blood-testing and life sciences company Theranos, leaves the courthouse with her husband, Billy Evans, after the first day of her fraud trial in San Jose, California, on September 8, 2021. (credit: Nick Otto / AFP) In yesterday’s installment of the Elizabeth Holmes criminal trial, the jury […]
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 […]
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 […]
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 […]
Enlarge / Theranos founder Elizabeth Holmes leaves the Robert F. Peckham Federal Building and US Courthouse in San Jose, Calif., on Wednesday, Sept. 22, 2021. Holmes is charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud plus could face up to 20 years within prison if convicted. (credit: […]