Tech

Theranos device failed pharma evaluation, while lab director cleared it for seven tests

Enlarge / Theranos founder Elizabeth Holmes. (credit: Getty | CNBC ) A scientist who worked at a Theranos partner said that her company did not “comprehensively validate” the diagnostic startup’s proprietary devices, undermining a claim that founder Elizabeth Holmes allegedly made to investors. Victoria Sung had been tasked with evaluating Theranos’ Edison device for her […]

Tech

Elizabeth Holmes urged employees to hide Theranos’ lab equipment from inspectors

Enlarge / Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the US District Courthouse in San Jose, California. (credit: Getty | Yichuan Cao) A patient on blood thinners reported bruising and feeling off after a medication change following a Theranos test, the court heard yesterday […]

Tech

Emails show Elizabeth Holmes directing response to failed Theranos tests

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 and could face up to 20 years in prison if convicted. (credit: […]

Tech

Elizabeth Holmes “was in charge” of Theranos, Mattis tells court

Elizabeth Holmes speaking at the Fortune Global Forum in 2015, around the time Theranos was under increasing pressure to deliver results from its ill-fated Edison testing device. (credit: Fortune Global Forum) James Mattis, the retired general and former defense secretary, took the stand yesterday in the criminal trial of Elizabeth Holmes, detailing how his faith […]

Tech

Inexplicably volatile Theranos results falsely warned pregnant woman of miscarriage

Enlarge / Former Theranos founder and CEO Elizabeth Holmes goes through security after arriving for court at the Robert F. Peckham Federal Building September 17, 2021 in San Jose, California. Holmes is facing charges of conspiracy and wire fraud for allegedly engaging in a multimillion-dollar scheme to defraud investors with the Theranos blood testing lab […]

Tech

Cherry-picking data was routine practice at Theranos, former lab worker says

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) At Theranos, lab techs would regularly omit two “outlier” data points […]

Tech

Theranos promised investors $1B in revenue despite internal projection of just $100M

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) Around the time that Theranos was losing nearly $2 million per day, investors in the blood-testing startup […]

Tech

“Failure is not a crime, ” Theranos founder’s lawyers tell jury

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) Elizabeth Holmes’ failure to make her blood-testing technology startup Theranos a viable business was not a crime, […]

Tech

Theranos founder Elizabeth Holmes on trial as jury selection begins

Enlarge / Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the US District Court House in San Jose, California. (credit: Getty | Yichuan Cao ) Nearly a decade ago, Theranos touted the revolutionary diagnostic device that could run myriad medical tests without having to draw […]