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Theranos Inc. (/ ˈ θ ɛr. ə n. oʊ s /) was an American privately held corporation [5] that was touted as a breakthrough health technology company. Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $9 billion valuation at its peak in 2013 and 2014.
On June 15, 2018, following an investigation by the U.S. Attorney's Office for the Northern District of California in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president, Ramesh "Sunny" Balwani, on nine counts of wire fraud and two counts of conspiracy to commit wire fraud.
In late 2015, Carreyrou began a series of investigative articles on Theranos, published in The Wall Street Journal on the blood-testing startup founded by Elizabeth Holmes. The articles questioned the company's claim to be able to run a wide range of lab tests from a tiny sample of blood from a finger prick.
Theranos was a health technology startup company that aimed to make blood testing more efficient. It claimed to be able to run over 200 medical tests on a single drop of blood using a machine that ...
Theranos once valued at $9bn. ... Holmes and the Theranos scandal were also the subjects of the HBO documentary The Inventor: Out for Blood in Silicon Valley. Holmes asks for new trial.
Disgraced tech entrepreneur reported to prison in Texas minutes before a court-imposed deadline on Tuesday
Elizabeth Holmes was born on February 3, 1984, in Washington, D.C. [12] Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal.
‘The Dropout’: Inside Elizabeth Holmes’ Backstory and the Theranos Scandal. Read article. In November 2022, Judge Edward Davilla sentenced Holmes to 11 years and three months in prison.The ...