The US Centers for Medicare & Medicaid Services (CMS) releases a report that one of the company’s facilities presents “jeopardy to patient health and safety”. The FDA subsequently releases a finding that the company used unapproved devices for tests. The Wall Street Journal reports that Theranos uses its technology for just a small number of its tests and that employees doubt their accuracy. Theranos’s Elizabeth Holmes and Christian Holmes arrive for a state dinner for Japanese Prime Minister Shinzo Abe in April 2015, a few months before the Wall Street Journal published a bombshell report on her company’s business October 2015 Theranos wins US Food and Drug Administration (FDA) approval for a test to detect the herpes simplex 1 virus. February 2015Īn article in the Journal of the American Medical Association criticises Theranos for failing to publish any of its research in peer-reviewed journals. Holmes is recognised by Forbes as a billionaire – a reflection of her stake in the company.
Having raised more than $400m, Theranos is valued at more than $9bn. Theranos begins promoting its technology, claiming to be able to run a wide range of tests on a single drop of blood using a machine called the Edison, and enters into a partnership with pharmacy group Walgreens Boots Alliance. The company moves to the former Facebook headquarters in Palo Alto, California. Theranos begins attracting high-profile board members, including two former US secretaries of state, George Shultz and Henry Kissinger. Elizabeth Holmes, who tried to channel Steve Jobs with her working uniform, attracted big name supporters and was feted by investors, but some had begun to ask questions of her company’s so-called revolutionary blood test 2011 Theranos raises a further $45m in funding, reaching a valuation of $1bn. Holmes’s then-partner Ramesh “Sunny” Balwani joins Theranos as chief operating officer.
The new company raises more than $6m in funding, reaching a valuation of $30m. She dreams of revolutionising diagnostic testing. Holmes, then just 19 years old, drops out of Stanford University to set up Real-Time Cures, the company that will eventually become Theranos. Here is a timeline of the key events that led to Monday’s verdict. Holmes, 37, was accused of defrauding investors and patients with her claims of revolutionising lab testing with a machine that used a single drop of blood. A jury in the United States has found Theranos founder Elizabeth Holmes guilty of conspiring to defraud investors in the blood-testing startup, convicting her on four of 11 counts.
0 kommentar(er)
