<< >> Theranos, Inc. is a consumer health technology company founded in 2003 by Elizabeth Holmes. >> /P 48 0 R >> /Rotate 0 /K 183 0 R /P 8 0 R >> /K 10 /MediaBox [0 0 612 792] >> >> The conduct alleged in these charges erodes public trust in the safety and effectiveness of medical products, including diagnostics. /S /P /P 55 0 R >> (Photo by Brad Barket/Invision/AP). /Pg 248 0 R endobj 331 0 obj endobj << . /K [14 389 0 R] /Parent 14 0 R /P 353 0 R << Fraud, or just a failure? Theranos founder Elizabeth Holmes's trial /Pg 254 0 R 292 0 obj >> /P 59 0 R /K 221 0 R According to a statement from the SEC, "Theranos, Holmes, and Balwani made numerous false and misleading statements in investor presentations, product demonstrations, and media articles by which they deceived investors into believing that its key productcould conduct comprehensive blood tests from finger drops of blood, revolutionizing the . 339 0 obj >> 139 0 obj /P 48 0 R The average salaries at Bloomberg rank the highest, with their employees earning an. /Creator (Acrobat PDFMaker 18 for Word) endobj /K 20 >> endobj endobj >> 232 0 obj /K 37 >> /Pg 256 0 R It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. 180 0 obj 276 0 obj /Contents [445 0 R 446 0 R 447 0 R] /P 48 0 R /Lang (EN-US) /K 6 /P 50 0 R /K 9 Theranos is headquartered in Palo Alto, CA. /Lang (EN-US) /Lang (EN-US) 257 0 obj /Lang (EN-US) /K 11 endobj /S /LI 392 0 obj The Theranos HSV-1 IgG Assay is for use with the Theranos System which performs automated sample processing steps and result analysis. /P 55 0 R /K 198 0 R endobj /MediaBox [0 0 612 792] /MCID 2 /P 358 0 R /ModDate (D:20180314090210-07'00') /K 154 0 R endobj /Lang (EN-US) 275 0 obj >> A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. /Pg 238 0 R << 19 0 obj During the trial Holmes accused her ex-boyfriend and business partner, Ramesh "Sunny" Balwani, of emotional and sexual abuse at the time of the alleged crimes, impairing her mental state. << /Parent 13 0 R << << 187 0 obj /K [276 0 R 277 0 R 278 0 R 279 0 R 280 0 R 281 0 R 282 0 R 283 0 R 284 0 R 285 0 R 33 0 obj null] 30 0 obj /K 2 This is why accounts about Theranos willingness to circumvent FDA rules and requirements, among other things, or legitimate due diligence requests made by potential clients is disconcerting yet unsurprising. /Resources 468 0 R endobj /S /LBody How did Elizabeth Holmes come up with the name "Theranos"? - Quora /Annots [] << /K 10 /Lang (EN-US) /P 321 0 R /Lang (EN-US) >> endobj /Pg 256 0 R >> /K 21 37 0 obj /P 379 0 R /K 213 0 R /P 337 0 R >> /K 33 /S /LBody 351 0 obj /S /LBody /Lang (EN-US) /P 51 0 R /K 184 0 R /Tabs /S /Length 502 0 R endobj 87 0 obj /P 357 0 R 115 0 obj << Elizabeth Holmes, the infamous biotech chief executive who promised to revolutionize blood testing, has been found guilty of fraud. >> endobj Bundled together, these biases not only warped Holmes sense of truth, but they likely slanted the perspective of key stakeholders who were attracted to the many promises made by Theranos. /Lang (EN-US) >> /Lang (EN-US) /S /LBody 156 0 obj 169 0 obj /S /LBody << /RoleMap 7 0 R /K 165 0 R /Pg 235 0 R null null 131 0 R null null] After asking questions about Theranos continued losses and lack of revenue, prosecutors showed Yam a document they said was shared with investors; it projected $140 million in revenue in 2014 and $990 million in 2015. 179 0 obj /S /LBody /Contents [477 0 R 478 0 R 479 0 R] >> 260 0 obj << /Contents [398 0 R 399 0 R 400 0 R 401 0 R 402 0 R 403 0 R 404 0 R 405 0 R 406 0 R 407 0 R] What we know for certain is that behind this particular corporate failure lies a cautionary tale of boundless visioning that all investors, entrepreneurs and organizations seeking breakthrough innovations should be interested in further understanding. 336 0 obj /K 28 /Lang (EN-US) /Lang (EN-US) /Pg 255 0 R >> !xRnE1$g9`8\\5g1^"z+. /K 25 /Lang (EN-US) /S /LBody 305 0 obj /Pg 255 0 R 171 0 R null null] << /Pg 235 0 R /Resources 444 0 R 186 0 obj The far-reaching nature of Theranos promises pulled stakeholders attention towards the end state rather than the more practical and operational nature of the challenges that needed consideration in order to successfully implement the purported technological approach. 286 0 R 287 0 R 288 0 R 289 0 R 290 0 R 291 0 R 292 0 R 293 0 R 294 0 R 295 0 R /Pg 258 0 R >> 2018-03-14T09:02:10-07:00 endobj 206 0 obj >> 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R /K 157 0 R 136 0 obj /P 54 0 R /P 8 0 R According to the indictment returned yesterday and unsealed today, the charges stem from allegations Holmes and Balwani engaged in a multi-million dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients. - Sep 15, 2021 3:40 pm UTC. << << /P 370 0 R >> The Theranos scandal has dominated headlines, and both fascinated and appalled readers worldwide, since John Carreyrou's shattering report first broke in 2015. /K 14 /P 303 0 R /S /P >> /K 3 >> Toxic culture: Lessons from Theranos | Eagle Hill Consulting /K 209 0 R null 110 0 R null null null 111 0 R null 112 0 R null 113 0 R 306 0 obj John Carreyrou writes the story of a gifted 19-year-old who founded a health . /K 120 0 R Kraft Heinz Mission and Vision Statement Analysis 100 0 obj 27 0 obj /Lang (EN-US) The largest donation made to a political party by a Theranos employee was /Pg 235 0 R /P 348 0 R /S /LI << /K 189 0 R 378 0 obj 108 0 obj /S /LI >> /S /P 366 0 obj /Lang (EN-US) 191 0 obj /Lang (EN-US) >> << The mission statement conveys no values such as honesty, transparency, or integrity. >> >> /K 5 << << /Tabs /S The employees at Morgan Stanley earn an average yearly salary of $103,933 per year, and the salaries at National Journal average $73,533 per year. 23 0 obj /P 380 0 R /S /LI endobj /S /P endobj /Lang (EN-US) 95 0 obj 57 0 obj /Tabs /S Despite persistent losses, Holmes salary increased from $200,000 to $400,000, Yam said. /K 155 0 R >> /S /LI /P 269 0 R /Lang (EN-US) such statements undermine confidence . /P 8 0 R The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. /Contents [453 0 R 454 0 R 455 0 R] >> >> /Type /Page >> << /S /LI /P 8 0 R /Parent 11 0 R /K 8 endobj >> 346 0 obj 201 0 R null null null 202 0 R null null null 203 0 R null /K [380 0 R 381 0 R] /Type /MCR << /P 50 0 R << Theranos, CEO Holmes, and Former President Balwani Charged With - SEC /P 340 0 R /P 55 0 R 90 0 obj A jury will decide whether Ms. Holmes, who founded Theranos and hawked a mission of revolutionizing health care, lied to investors about her company's technology. /S /P endobj . /P 281 0 R /Pg 256 0 R /Lang (EN-US) /S /LI >> -Theranos is now worth $9 billion dollars; Holmes currently owns about half the company-Forbes named her one of the youngest female self-made billionaire before the age of 30. . /Pg 251 0 R Through these advertisements, the defendants explicitly represented to individuals that Theranoss blood tests were cheaper than blood tests from conventional laboratories to induce individuals to purchase Theranoss blood tests. << endobj endobj >> According to the March 2018 statement from the SEC, Theranos, . << 140 0 obj >> 321 0 obj /S /LI << /P 355 0 R /K 227 0 R /Tabs /S >> /Pg 258 0 R /P 8 0 R 194 0 R null null null 195 0 R null null null 196 0 R null endobj /K 134 0 R >> << /P 8 0 R 297 0 obj 196 0 obj 2018-03-14T09:02:10-07:00 /S /P /Pg 257 0 R Theranos' mission was "to make actionable health information accessible to people everywhere in the world, at the time they most need it." It was a lofty, inspiring, and valiantly unifying purpose, . 13 [null null 178 0 R null null null 179 0 R null null null endobj << /Lang (EN-US) /Lang (EN-US) That innovation combined with the use of technology to build a somewhat bulkier though still miniature and portable yet more reliable version of the micro-Lab would have provided plenty of opportunity to make strides towards the dream of empowering people with reliable, timely and inexpensive blood testing. /Lang (EN-US) 299 0 obj 15 [null null 192 0 R null null null 193 0 R null null null /K 20 /Lang (EN-US) Zippia Score 4.7. 41 0 obj 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R /K 38 endobj << /P 307 0 R >> 381 0 obj /K 275 0 R /S /LBody /P 40 0 R endobj In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon Valley startup that sought to revolutionize blood testing. /Lang (EN-US) Help other job seekers by rating Theranos. /K 167 0 R << endobj 66 0 obj /Lang (EN-US) /P 373 0 R endobj /P 8 0 R endobj /K 4 /Resources 476 0 R 126 0 obj /K 22 endobj /Pages 5 0 R stream /S /LBody /P 367 0 R /Pg 235 0 R >> /Lang (EN-US) << /Type /MCR FAQ - New Privacy Policy. /S /P /K 10 The national average salary for a Theranos employee in the United States is $44,094 per year. /S /LI << 45 0 obj /P 369 0 R A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. endobj /P 51 0 R Although it is a merger of two major companies in 2015, Kraft Heinz's mission and vision statements retain the critical elements and objectives contained in the mother firms - H.J. 192 0 obj >> /S /LBody /Lang (EN-US) /P 40 0 R /P 50 0 R %PDF-1.5 117 0 R null null null 118 0 R null null] /Lang (EN-US) /S /LBody endobj /K 12 367 0 obj endobj /Pg 248 0 R /Pg 247 0 R /Lang (EN-US) /P 8 0 R 269 0 obj << Specifically, the defendants claimed that Theranos developed a revolutionary and proprietary analyzer that the defendants referred to by various names, including as the TSPU, Edison, or minilab. /S /LI Now a mom of two, ex-Theranos CEO Elizabeth Holmes wants to delay << << << 225 0 obj /Lang (EN-US) >> All rights reserved. /K 179 0 R /K 130 0 R 277 0 obj /P 291 0 R >> /S /LI /Pg 238 0 R >> /Pg 243 0 R Holmes said she was inspired to start the company in response to her fear of needles. endobj >> endobj /S /P /Pg 258 0 R /Lang (EN-US) >> /Count 24 94 0 obj endobj >> The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. /P 371 0 R << << 239 0 obj endobj endobj Elizabeth Holmes dropped out of Stanford in 2003 as a 19-year-old to start Theranos. /S /LBody 118 0 obj /Contents [485 0 R 486 0 R 487 0 R] /Pg 257 0 R /Rotate 0 endobj /P 8 0 R /Annots [] Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. He . /Outline /Span /MediaBox [0 0 612 792] Terry Masson (Founder and Chief Executive Officer). << << /S /L >> /K 117 0 R >> endobj 209 0 obj /K 2 91 0 obj "I was taken with the idea . The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. /Pg 249 0 R << endobj << /Pg 235 0 R >> GET FOX BUSINESS ON THE GO BY CLICKING HERE. The Associated Press contributed to this report. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20) and Ars Technica Addendum (effective 8/21/2018). 31 0 obj Former Theranos board member and former Secretary of Defense James "Mad Dog" Mattis testified last week in the criminal trial of former Theranos CEO Elizabeth Holmes. 50 0 obj /Footnote /Note >> /Lang (EN-US) endobj endobj >> /P 332 0 R Theranos is a now-defunct healthcare technologystartup founded by disgraced Stanford drop-out Elizabeth Holmes. /K 6 93 0 obj /Rotate 0 /S /LBody endobj 178 0 obj /S /LBody /S /P An official website of the United States government. /StructParents 20 /K 1 /S /LBody /Kids [250 0 R 251 0 R 252 0 R 253 0 R 254 0 R 255 0 R 256 0 R 257 0 R 258 0 R] /P 44 0 R /P 297 0 R /S /LI 36 0 obj /P 362 0 R /K 4 /K 18 174 0 obj /Lang (EN-US) The indictment describes a number of schemes that defendants allegedly employed to mislead investors, doctors, and patients. /Pg 255 0 R 205 0 obj Here's Robert Leach, assistant U.S. attorney, who is prosecuting the case against Holmes: "This is a case about fraud, about lying and cheating to get money," Leach says. She pitched its technology as a cheaper way to run dozens of blood tests with just a prick of a finger and a few droplets of blood. Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. /StructParents 14 /S /Table /S /LI /K 16 11 [null null 169 0 R null null null 170 0 R null null null << 18 0 obj /Annots [] In his book Bad Blood, John Carreyrou documented accounts describing Elizabeth Holmes unwillingness to revise the original micro-Lab specs and her reported tendency to shut off whoever tried to provide realistic feedback or solutions to the technical problems Theranos was facing. /P 171 0 R /P 8 0 R /Lang (EN-US) 16 0 obj Theranos is a private health care and life sciences company with the stated mission to revolutionize medical laboratory testing through allegedly innovative methods for drawing blood, testing . /S /LI /K 2 /K 138 0 R There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. << Having a vested interest in what is at stake as is often the case with founders and investors and envisioning the desired end state via inflexible goals may create a condition known as motivated blindness that can paradoxically prevent us from making realistic progress. /Pg 236 0 R /K 163 0 R Tech workers are using company mission statements to hold their CEOs accountable. /Rotate 0 223 0 obj October 2015, the first in a series of Wall Street Journal articles challenged Theranos technology and expertise; by mid-2016, the advisory board disappeared and a fiduciary board was created. In addition, the defendants represented to investors that Theranos would soon dramatically increase the number of Wellness Centers within Walgreens stores when, in truth, Holmes and Balwani knew by late 2014 that Theranoss retail Walgreens rollout had stalled because of several issues, including that Walgreenss executives had concerns with Theranoss performance. /P 347 0 R >> 270 0 obj /P 51 0 R >> 149 0 obj endobj endobj How Theranos's Big Investors Were Taken - Forbes >> >> /Contents [481 0 R 482 0 R 483 0 R] << Early on, experts inside and outside of the company questioned the technology. >> These detailed accounts show a pattern of behaviors consistent with a distorted motivational and cognitive state. /Lang (EN-US) /Count 9 ", EX-THERANOS CEO ELIZABETH HOLMES PROVIDING OWN DEFENSE IN CIVIL SUIT: REPORT. /S /LBody /S /LI Theranos gambit may have extended over time precisely because all four biases played a role in the making of a dream that was never fully tested against the constraints of reality. /Parent 14 0 R /S /LBody << >> endobj >> 111 0 obj /S /P >> endobj 97 0 obj endobj /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] null null 127 0 R null null 45 0 R null null 128 0 R null << Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." . /P 8 0 R endobj 382 0 obj /Contents [497 0 R 498 0 R 499 0 R] >> /S /LBody /Type /Pages /K 137 0 R << endobj /Lang (EN-US) Instead, a vision made boundless by its sharp divide from reality and its extraordinarily narrow goals ended up only perpetuating a state of motivated blindness. << /Tabs /S /Bibliography /BibEntry >> /K 6 /Pg 258 0 R endobj /P 8 0 R >> /S /LBody /K 10 The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company's technology, business, and financial . The first week of Theranos founder Elizabeth Holmes' fraud trial is now complete. endobj Employees in the top 10 percent can make over $68,000 per year, while employees at the bottom 10 percent earn less than $28,000 per year. /S /LI << We just didn't know what new form it would take. /P 33 0 R 3553. /S /P Holmes only canceled the trip after prosecutors contacted Holmes attorneys about the unauthorized flight, prosecutors said. endobj 248 0 obj endobj /K 0 /P 51 0 R /Contents [417 0 R 418 0 R 419 0 R] : Sign up for our trending newsletter to get the latest news, This article originally appeared on USA TODAY: Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, American businessperson; a subject of an SEC investigation, the failed Silicon Valley startup that sought to revolutionize blood testing, Student accused of attacking teacher's aide over Nintendo Switch, Optimism of US consumers declined in February, reflecting fears of a recession, her conviction onfour counts of fraud and conspiracy, Sign up for our trending newsletter to get the latest news, Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, Kellyanne Conway, George Conway To Divorce After Decadeslong Marriage: Report, Reports: 3 children dead, 2 wounded in attack at Texas home, 'Extremely dangerous': Spike in illegal crossings at Canada-Vermont border has feds sounding alarm, School punished teen girl for working out in sports bra in 100-degree Texas heat, ACLU says, Republicans Use Arcane Political Tactic to Thwart Democrats, I Wore Katie Holmes Go-To Bag Trend for a Week, and I Finally Get the Appeal, Alex Murdaugh sentenced to life in prison for murders of wife and son, NBA Player Richaun Holmes Sues Sacramento Bee Parent for Defamation, Murdaugh defense vows appeal, even to Supreme Court, Alex Murdaugh sentenced to life in prison. /S /LBody /S /LBody /S /P /P 381 0 R >> 380 0 obj /S /LI << >> /Pg 257 0 R /Parent 12 0 R /Lang (EN-US) /K 139 0 R endobj It included jury selection, opening statements, released text messages, and an unexpected . /Pg 243 0 R >> /P 377 0 R /Lang (EN-US) 218 0 obj endobj 221 0 obj 370 0 obj /K [8 94 0 R] /CropBox [0 0 612 792] /P 48 0 R /Lang (EN-US) /Pg 238 0 R /MediaBox [0 0 612 792] /Lang (EN-US) endobj /P 271 0 R /K 2 In opening statements, a federal prosecutor depicted Balwani as an instrumental accomplice who helped Holmes pull off a huge scam tied to Theranos' blood-testing technology. Theranos whistleblower toasted Elizabeth Holmes verdict - New York Post 32 0 obj /Pg 250 0 R /P 8 0 R << /Pg 237 0 R /Pg 235 0 R /DropCap /Figure /S /LI /Pg 235 0 R endobj /K [95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R] /P 322 0 R >> 266 0 obj /K 190 0 R >> /S /LBody endobj /Lang (EN-US) Research on the dark sides of creativity suggests that not only are people more likely to act dishonestly when they are in a creative state, but that cheating, in itself, can actually make people more creative. 124 0 obj /Type /StructTreeRoot For example, with respect to investors, defendants performed technology demonstrations during which defendants intended to cause potential investors to believe blood tests were being conducted on Theranoss proprietary analyzer when, in fact, the analyzer really was running a null protocol and was not testing the potential investors blood. 34 0 obj /K 177 0 R Four Blind Spots at the Core of Theranos' Failure. >> >> /Pg 235 0 R 3 [null null 125 0 R null null 43 0 R null null 126 0 R null But thats not what the company was telling investors, according to new documents shared during the jury trial of Theranos founder and CEO Elizabeth Holmes. Photographer: David Paul Morris/Bloomberg *** Local Caption *** Elizabeth Holmes. Though highly desirable, these significant features were not as instrumental in the fulfillment of Theranos vision as they were initially pledged. /Tabs /S 314 0 R 315 0 R 316 0 R 317 0 R 318 0 R 319 0 R 320 0 R 321 0 R 322 0 R 323 0 R $1 million bail: Student accused of attacking teacher's aide over Nintendo Switch, Consumer confidence: Optimism of US consumers declined in February, reflecting fears of a recession. /P 260 0 R Whistleblower and former Theranos lab tech Erika Cheung. >> null null 183 0 R null null null 184 0 R null null null /P 51 0 R /S /LI /P 51 0 R >> /ITXT (2.1.7) /Lang (EN-US) /Lang (EN-US) endobj Nies was hired at Theranos in March 2015 for $185,000 a year to be the senior manager of customer service and call center operations at the company's headquarters in Palo Alto, Calif., according . >> /K 2 /Pg 241 0 R /K [374 0 R 375 0 R 376 0 R 377 0 R 378 0 R 379 0 R] /S /LI << /P 318 0 R Understanding the Theranos Scandal: 'I Make All the Decisions Here.' /Pg 247 0 R /Pg 256 0 R /Annots [] /Pg 254 0 R /P 63 0 R endobj /P 3 0 R 83 0 obj >> /K 185 0 R Companies in Silicon Valley are wonderfully fond of describing themselves as "mission-driven.". /Pg 235 0 R /Lang (EN-US) endobj /Lang (EN-US) << >> /Rotate 0 Special conditions for use statement(s): The Theranos HSV-1 IgG Assay is for prescription use only in accordance with 21 CFR 801.109 4. endobj Balwani, who was convicted on 12 counts of fraud and conspiracy and sentenced to nearly 13 years in prison, is also seeking to remain free amidan appeal. endobj /S /P endobj << /P 8 0 R 329 0 obj /S /LI 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R 1 0 obj << /MCID 2 /Lang (EN-US) 70 0 obj /Pg 251 0 R << << The prosecution is the result of an investigation by the FDA Office of Criminal Investigations, the FBI, and the US Postal Inspection Service. /K 2 /Lang (EN-US) << /S /P /Pg 235 0 R /S /P 4 [null null 131 0 R null null null 132 0 R null null null << /K 22 >> /Pg 239 0 R /P 50 0 R /Resources 456 0 R In 2013, things had "started to get a bit tight," Yam said. << /Resources 448 0 R /Lang (EN-US) /S /P << << >> >> The defendants also represented to investors that Theranos would generate over $100 million in revenues and break even in 2014 and that Theranos expected to generate approximately $1 billion in revenues in 2015 when, in truth, the defendants knew Theranos would generate only negligible or modest revenues in 2014 and 2015. /P 327 0 R /Pg 244 0 R 291 0 obj /S /P /Pg 240 0 R The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. /Pg 256 0 R /K 1 endobj 198 0 obj Founded in 2003, Theranos is an established company that loves to hire graduates from Pima Medical Institute, with 15.9% of its employees having attended Pima Medical Institute. While working at Theranos, Cheung sent an email to others in the company, sharing her concerns about the Edison machines. 176 0 R null null null 177 0 R null null null 178 0 R null >> >> endobj >> 363 0 obj /Type /Page /P 333 0 R >> << CNN . /S /P endobj /Lang (EN-US) /K 49 /S /P 242 0 obj None of the information on this page has been provided or approved by Theranos. /Tabs /S /P 42 0 R /K [30 396 0 R] << /P 380 0 R endobj /MediaBox [0 0 612 792] << 287 0 obj /Pg 239 0 R /K 18 /S /LBody /Pg 243 0 R /Parent 14 0 R /Tabs /S Onetime wunderkind Holmes and Balwani, her former partner in business and domestic affairs, stand charged with nine federal counts . 230 0 obj /P 8 0 R endobj >> 185 0 obj << >> The collaborative investigative work on this case conducted by Postal Inspectors, our law enforcement partners, and the United States Attorneys Office illustrates our efforts to protect both consumers and investors., The Indictment Alleges That Doctors And Patients Were Defrauded. The FDA would like to extend our thanks to our federal law enforcement partners for sending a strong message to Theranos executives and others that these types of actions will not be tolerated, said Catherine A. Hermsen, Acting Director, FDA Office of Criminal Investigations. >> 1 [null null 115 0 R null null null 116 0 R null null null Best Companies to Work for in Palo Alto, CA, Best Start-up Companies to Work For in America, Best Health Care Companies to Work For in California, Best Start-up Companies to Work For in California, Best Companies to Work For in Palo Alto, CA, Best Health Care Companies to Work For in Palo Alto, CA, Best Start-up Companies to Work For in Palo Alto, CA. endobj >> >> /K [273 0 R 274 0 R] Those biases can be understood as the blindness brought about by what seems preeminently important, the righteousness generated by what sounds inherently right, the operational myopia triggered by what is situated far away from us and the sense of potency derived from endeavoring to create something new. endobj /Lang (EN-US) << /K 18 /Contents [461 0 R 462 0 R 463 0 R] /Resources 500 0 R >> << The Company's clinical laboratory offers comprehensive laboratory tests. /S /P endobj >> endobj endobj >> 334 0 obj /Pg 256 0 R /P 48 0 R /K 210 0 R << << /P 55 0 R << 92 0 obj /K 10 /Rotate 0 /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R endobj 362 0 obj /S /P /P 8 0 R endobj And although entrepreneurship is very much about turning an imagined future state into reality, the vast and unchecked gap between Theranos vision and the technological incompetence of its operations was breathtaking. /Type /Page /CropBox [0 0 612 792] /Pg 257 0 R /S /LBody /Resources 420 0 R Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. >> endobj 328 0 obj /P 8 0 R /Parent 5 0 R /K 22 /K 133 0 R /K 30 48 0 obj /Lang (EN-US) Just 12 tests were performed on Edison devices, and the Edison analyzer could only run one type of test for one patient at a given time, she said. 286 0 obj endobj /Rotate 0 /P 310 0 R /Lang (EN-US) /K 8 Theranos scandal: Who is Elizabeth Holmes and why was she on trial? 397 0 obj << 394 0 obj /K 142 0 R >> /K 122 0 R endobj >> /Resources 408 0 R /Pg 241 0 R 294 0 obj endobj /P 380 0 R /P 329 0 R Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. /Lang (EN-US) Theranos Mission Statement - Zippia To conduct any kind of research for any company in any industry. /S /LI << >> /MediaBox [0 0 612 792] 158 0 obj /Pg 255 0 R endobj >> /K 31 To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. 215 0 obj >> /S /P << >> /P 319 0 R 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] 147 0 obj The request for Holmes toremain free pending an appeal, filed Feb. 23 with the U.S. District Court for the Northern District of California, did not say when Holmes had her second baby. $12,600 to the Democratic Party. /Pg 249 0 R /Pg 251 0 R The Trial of Theranos's Elizabeth Holmes Opens /K 10 endobj /K 10 /Metadata 4 0 R /S /LBody /S /LBody /P 48 0 R (Photo by Kristoffer Tripplaar/AP). In the end, the innovations Theranos was after were not only meant for its own success but to secure a better future for millions of people. /S /LI >> /S /LI >> << /Pg 240 0 R Have you worked at Theranos? 393 0 obj /Parent 13 0 R /K 158 0 R /K 129 0 R /Contents [409 0 R 410 0 R 411 0 R] endobj Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C.
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