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endobj /Pages 5 0 R 192 0 obj n. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. /Parent 14 0 R /S /LI 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 $10 billion valuation at its peak in 2013 and 2014. << /K 179 0 R << endobj Claim This Company. /K 275 0 R >> /S /LI 386 0 obj 3 0 obj << endobj /K 10 >> 202 0 obj << /S /P endobj /S /P /Annots [] endobj endobj << /Rotate 0 /Pg 256 0 R /P 371 0 R /K 230 0 R >> Leaving Little Space for Inspiration. /P 48 0 R >> << /K 149 0 R /P 48 0 R >> >> 387 0 obj 307 0 obj /StructParents 22 null null 131 0 R null null] The defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests, including the tests for calcium, chloride, potassium, bicarbonate, HIV, Hba1C, hCG, and sodium. /P 380 0 R << >> /Lang (EN-US) 293 0 obj 28 0 obj Theranos (@theranos) / Twitter /Pg 256 0 R Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. /Pg 238 0 R >> /P 8 0 R /S /LI /K 148 0 R /Lang (EN-US) endobj /K 182 0 R /P 8 0 R endobj /Pg 240 0 R endobj /Parent 14 0 R null] /O /Layout >> >> << Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. Holmes will head to trial starting Aug. 4, and Balwani will be tried afterthe conclusion of Holmes case, Bloomberg reported. 206 0 R null null null 207 0 R null null null 208 0 R null /P 363 0 R >> << /Pg 248 0 R endobj /S /LI /S /LBody The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. /P 375 0 R 39 0 obj /S /P << /K 31 /Resources 424 0 R /K 188 0 R /Tabs /S endobj endobj /S /LBody Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. >> /MediaBox [0 0 612 792] /K 22 /Type /MCR Theranos stood as the next big breakthrough innovator in the healthcare industry offering an affirming achievement of the value of human ingenuity. << /K 164 0 R >> >> /S /LI 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. /P 8 0 R /Lang (EN-US) Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As << << endobj /S /LI /Rotate 0 /Pg 251 0 R 104 0 obj 105 0 R 106 0 R 107 0 R 108 0 R 109 0 R 35 0 R 36 0 R 37 0 R 38 0 R null /P 306 0 R /MCID 2 endobj /P 336 0 R /K 2 /Pg 249 0 R /S /LBody /MediaBox [0 0 612 792] endobj /StructParents 1 /S /LBody /Type /MCR << 377 0 obj >> /P 40 0 R /P 312 0 R /Pg 238 0 R /S /P /Type /Page 82 0 obj << Based in Palo Alto, CA, Theranos is a small health care company with only 100 employees and an annual revenue of $55.3M. /Pg 235 0 R /S /LI In fact, those challenges dwarfed in relation to the potential benefits of the vision the tech company eagerly shared with those with whom it wished to partner. When Yam was working with an analytics firm to price stock options, she asked Holmes for some key financial forecasts, including projected revenue, because the CEO had the best information. During that process, Yam had emailed Holmes asking her how much revenue she was anticipating. Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. >> /P 42 0 R /K [8 94 0 R] 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. 317 0 obj /S /LBody Similarly, defendants purchased and used commercially-available analyzers to test patient blood, while representing to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers. endobj /P 392 0 R /S /P /P 8 0 R 47 0 obj << /S /LI << endobj /Pg 239 0 R /Lang (EN-US) overstating the extent of Theranos' relationships with commercial partners and government entities, to whom they had also made misrepresentations . /P 370 0 R The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. 158 0 obj 383 0 obj << /StructParents 10 /Type /Page /S /LI /K 22 /Pg 255 0 R Pay at Theranos is significantly lower than some of its highest paying competitors, like. /K 1 Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. /K 144 0 R The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. 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 . 264 0 obj 204 0 obj /Pg 251 0 R /Lang (EN-US) 117 0 obj /K 193 0 R /Lang (EN-US) /Type /Pages Nov 8, 2017. << >> Mission statements, where crafted and utilized effectively, have been proven to drive billions of dollars in corporate value. /StructParents 6 /Lang (EN-US) 366 0 obj /Lang (EN-US) /P 50 0 R /K 211 0 R /Contents [473 0 R 474 0 R 475 0 R] /Metadata 4 0 R 51 0 obj /K 10 /Lang (DE-DE) << endobj << << endobj << This office, along with our other law enforcement partners in the Bay Area, will vigorously investigate and prosecute those who do not play by the rules that make Silicon Valley work. /P 380 0 R /P 59 0 R /Lang (EN-US) /S /P 308 0 obj /P 51 0 R /Lang (EN-US) /Pg 244 0 R << /Pg 243 0 R /P 8 0 R /K 18 175 0 obj /P 350 0 R 26 0 obj endobj /K [10 392 0 R] << /K 6 /Pg 235 0 R 167 0 obj /S /P >> /Annots [] endobj >> /K 10 >> /S /LBody /K 19 Terry Masson (Founder and Chief Executive Officer). endobj << /Pg 253 0 R /P 54 0 R >> 160 0 obj 96 0 obj The conduct alleged in these charges erodes public trust in the safety and effectiveness of medical products, including diagnostics. endobj 382 0 obj endobj Theranos employees are most likely to be members of the Democratic Party. /P 362 0 R Theranos founder Elizabeth Holmes, now a mother of two, is asking to delay her 11-year sentence for felony fraud so she can be at home with her two young children while she appeals the conviction. /S /LBody 19 [null null 215 0 R null null null 216 0 R null null null /P 50 0 R << 389 0 obj Read company statement regarding investor . 99 0 obj A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. 360 0 obj /P 42 0 R /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] >> /Lang (EN-US) 183 0 obj << Investors who put a total of $632 million into Theranos in its latest funding round from 2014 to 2015 included " Rupert Murdoch and family-controlled Cox Enterprises Inc., -- [Cox family holdings . /S /P >> endobj /S /LBody /Pg 238 0 R 365 0 obj /Pg 254 0 R >> Theranos was a private health care company, with a mission to revolutionize lab testing through innovative methods for drawing blood, testing blood, and interpreting resulting patient data. << In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. 294 0 obj /P 50 0 R U.S. Attorneys Office /S /LI /Pg 244 0 R << endobj /S /P 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 51 0 R The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. endobj << endobj endobj /K 174 0 R 251 0 obj endobj >> /P 48 0 R 33 0 obj Toxic culture: Lessons from Theranos | Eagle Hill Consulting /Pg 257 0 R endobj << Theranos drained $96 million from an experienced investor plus some /K 116 0 R << But Theranos shared very little about its blood-testing machine with the public or medical community. /Rotate 0 /K 2 We all knew it was coming. /S /LBody /Type /Pages 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. /P 48 0 R Researchshows that unethical conduct is more likely when people are tempted with the opportunity to cheat on behalf of a good cause, and that cheaters may feel more at ease with their own behavior if they cheat on behalf of the common good. 159 0 obj The first week of Theranos founder Elizabeth Holmes' fraud trial is now complete. << endobj 105 0 obj /S /LBody /P 8 0 R 34 0 obj /K 14 >> << Though highly desirable, these significant features were not as instrumental in the fulfillment of Theranos vision as they were initially pledged. /P 365 0 R >> /K 212 0 R >> /K 0 /Pg 237 0 R endobj /S /LBody 95 0 obj /Rotate 0 In many ways, Theranos is the embodiment of Silicon Valley startup culture. /S /LI >> << >> /P 376 0 R Consider Elizabeth Holmes obsession with producing as small a micro-Lab as possible or with using just a few drops of blood in order to conduct the myriad of tests Theranos promised. >> << When he sentenced Holmes, U.S. District Judge Edward Davila pushed to April 27 her report date to a prison in Byron, Texas, so she could give birth to her second child before being incarcerated. << << >> /S /P >> Jumping off the track ends not with a win for consumers, physicians, investors and the company but with charges from the DOJ and the SEC. endobj /S /P << /K 24 /Pg 254 0 R /P 281 0 R << << /K 220 0 R >> /K 232 0 R >> /Pg 242 0 R /P 59 0 R /Lang (EN-US) 207 0 obj /P 328 0 R /Pg 256 0 R /CropBox [0 0 612 792] >> << >> >> /K 22 endobj 35 0 obj /StructParents 14 /StructParents 21 /S /P 49 0 obj /Lang (EN-US) endobj 336 0 obj /Pg 241 0 R << >> endobj >> >> /Tabs /S /Parent 11 0 R /Lang (EN-US) Tech workers are using company mission statements to hold their CEOs accountable. /P 50 0 R 23 [83 0 R 84 0 R 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R /Lang (EN-US) endobj There is no try', stolen from . /S /P 313 0 obj /K [26 383 0 R] 200 0 obj /Lang (EN-US) << Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. /Parent 13 0 R /S /LBody /P 50 0 R >> Theranos Company Profile - Office Locations, Competitors, Revenue /Lang (EN-US) /Pg 255 0 R /Pg 257 0 R /P 51 0 R Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. /P 8 0 R /S /LBody /S /L endobj /P 286 0 R /S /P << /S /LI null null 214 0 R null null] /P 355 0 R endobj >> >> >> A young (age-defying), pure-looking (evil-defying), masculine-sounding (stereotype-defying) female CEO speaking about Theranos unfulfilled feats in the present or past present tense, Holmes proposition was so enticing that she was able to assemble one of the most impressive boards in corporate America. /Pg 250 0 R Quotes displayed in real-time or delayed by at least 15 minutes. 371 0 obj /S /LI >> >> endobj /K 2 All rights reserved. 156 0 obj << /Lang (EN-US) /P 33 0 R /Lang (EN-US) /Parent 12 0 R endobj /Lang (EN-US) /K 10 /CropBox [0 0 612 792] >> /Annots [] << << >> /S /P endobj /S /P Further, the indictment alleges that based on the defendants misrepresentations and omissions, many hundreds of patients paid, or caused their medical insurance companies to pay, Theranos, or Walgreens acting on behalf of Theranos, for blood tests and test results, sometimes following referrals from their defrauded doctors. Theranos was a blood testing company based in Palo Alto and Newark, Calif. Holmes used a combination of direct communications, marketing materials, statements to the media, financial statements . /S /LBody Fraud, or just a failure? Theranos founder Elizabeth Holmes's trial /Lang (EN-US) null null 152 0 R null null] /S /LBody /Pg 238 0 R /S /LI To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. /Type /Page /P 50 0 R null 24 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." /MediaBox [0 0 612 792] /Tabs /S The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. /K 15 CNN . 179 0 obj In addition, the defendants delivered to doctors and patients blood results that were inaccurate, unreliable, and improperly validated. 56 0 obj /K 18 << And while some have observed that her behavior showed various sociopathic tendencies, the relaxed aura that cheating in the service of a larger cause may afford the average person may amp up ethical risk far more than the risk posed by sociopathic individuals. 220 0 obj /MCID 2 << endobj Have you worked at Theranos? 80 0 obj >> /S /LBody /P 8 0 R /Lang (EN-US) /P 289 0 R >> >> null null 174 0 R null null null 175 0 R null null null /S /LI /MediaBox [0 0 612 792] /S /LBody The . 92 0 obj /Count 24 /Pg 248 0 R endobj /S /LBody >> /S /LBody /S /LBody << << >> /P 381 0 R /K 183 0 R /P 369 0 R /Lang (EN-US) . /P 40 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. The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. >> /S /LI >> 7 [null null 147 0 R null null null 148 0 R null null null /P 325 0 R /S /LI >> /K 6 << 27 0 obj /P 8 0 R /K 6 Hot Startup Theranos Has Struggled With Its Blood-Test Technology endobj >> null 47 0 R null null 129 0 R null null null 130 0 R null Elizabeth Holmes Mission | Full Interview Fortune MPW - YouTube /S /P Theranos presenting poster on an investigational ELISA for the serodiagnosis of #Zika virus infection - today at the American Society of Tropical Medicine & Hygiene . endobj /Length 10 0 R Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Trial Opens Defense lawyers say Holmes believed the company could screen for hundreds of diseases with just a finger prick . /Rotate 0 Everything you need to know about the Theranos scandal << /S /LBody 396 0 obj 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. << endobj /P 48 0 R 133 0 obj >> /Lang (EN-US) 380 0 obj /Resources 432 0 R The once-lauded businesswoman ultimately stepped down from the company, which announced in Sept. 2018 it would be closing. 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endobj /Pages 5 0 R 192 0 obj n. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. /Parent 14 0 R /S /LI 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 $10 billion valuation at its peak in 2013 and 2014. << /K 179 0 R << endobj Claim This Company. /K 275 0 R >> /S /LI 386 0 obj 3 0 obj << endobj /K 10 >> 202 0 obj << /S /P endobj /S /P /Annots [] endobj endobj << /Rotate 0 /Pg 256 0 R /P 371 0 R /K 230 0 R >> Leaving Little Space for Inspiration. /P 48 0 R >> << /K 149 0 R /P 48 0 R >> >> 387 0 obj 307 0 obj /StructParents 22 null null 131 0 R null null] The defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests, including the tests for calcium, chloride, potassium, bicarbonate, HIV, Hba1C, hCG, and sodium. /P 380 0 R << >> /Lang (EN-US) 293 0 obj 28 0 obj Theranos (@theranos) / Twitter /Pg 256 0 R Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. /Pg 238 0 R >> /P 8 0 R /S /LI /K 148 0 R /Lang (EN-US) endobj /K 182 0 R /P 8 0 R endobj /Pg 240 0 R endobj /Parent 14 0 R null] /O /Layout >> >> << Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. Holmes will head to trial starting Aug. 4, and Balwani will be tried afterthe conclusion of Holmes case, Bloomberg reported. 206 0 R null null null 207 0 R null null null 208 0 R null /P 363 0 R >> << /Pg 248 0 R endobj /S /LI /S /LBody The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. /P 375 0 R 39 0 obj /S /P << /K 31 /Resources 424 0 R /K 188 0 R /Tabs /S endobj endobj /S /LBody Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. >> /MediaBox [0 0 612 792] /K 22 /Type /MCR Theranos stood as the next big breakthrough innovator in the healthcare industry offering an affirming achievement of the value of human ingenuity. << /K 164 0 R >> >> /S /LI 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. /P 8 0 R /Lang (EN-US) Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As << << endobj /S /LI /Rotate 0 /Pg 251 0 R 104 0 obj 105 0 R 106 0 R 107 0 R 108 0 R 109 0 R 35 0 R 36 0 R 37 0 R 38 0 R null /P 306 0 R /MCID 2 endobj /P 336 0 R /K 2 /Pg 249 0 R /S /LBody /MediaBox [0 0 612 792] endobj /StructParents 1 /S /LBody /Type /MCR << 377 0 obj >> /P 40 0 R /P 312 0 R /Pg 238 0 R /S /P /Type /Page 82 0 obj << Based in Palo Alto, CA, Theranos is a small health care company with only 100 employees and an annual revenue of $55.3M. /Pg 235 0 R /S /LI In fact, those challenges dwarfed in relation to the potential benefits of the vision the tech company eagerly shared with those with whom it wished to partner. When Yam was working with an analytics firm to price stock options, she asked Holmes for some key financial forecasts, including projected revenue, because the CEO had the best information. During that process, Yam had emailed Holmes asking her how much revenue she was anticipating. Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. >> /P 42 0 R /K [8 94 0 R] 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. 317 0 obj /S /LBody Similarly, defendants purchased and used commercially-available analyzers to test patient blood, while representing to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers. endobj /P 392 0 R /S /P /P 8 0 R 47 0 obj << /S /LI << endobj /Pg 239 0 R /Lang (EN-US) overstating the extent of Theranos' relationships with commercial partners and government entities, to whom they had also made misrepresentations . /P 370 0 R The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. 158 0 obj 383 0 obj << /StructParents 10 /Type /Page /S /LI /K 22 /Pg 255 0 R Pay at Theranos is significantly lower than some of its highest paying competitors, like. /K 1 Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. /K 144 0 R The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. 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 . 264 0 obj 204 0 obj /Pg 251 0 R /Lang (EN-US) 117 0 obj /K 193 0 R /Lang (EN-US) /Type /Pages Nov 8, 2017. << >> Mission statements, where crafted and utilized effectively, have been proven to drive billions of dollars in corporate value. /StructParents 6 /Lang (EN-US) 366 0 obj /Lang (EN-US) /P 50 0 R /K 211 0 R /Contents [473 0 R 474 0 R 475 0 R] /Metadata 4 0 R 51 0 obj /K 10 /Lang (DE-DE) << endobj << << endobj << This office, along with our other law enforcement partners in the Bay Area, will vigorously investigate and prosecute those who do not play by the rules that make Silicon Valley work. /P 380 0 R /P 59 0 R /Lang (EN-US) /S /P 308 0 obj /P 51 0 R /Lang (EN-US) /Pg 244 0 R << /Pg 243 0 R /P 8 0 R /K 18 175 0 obj /P 350 0 R 26 0 obj endobj /K [10 392 0 R] << /K 6 /Pg 235 0 R 167 0 obj /S /P >> /Annots [] endobj >> /K 10 >> /S /LBody /K 19 Terry Masson (Founder and Chief Executive Officer). endobj << /Pg 253 0 R /P 54 0 R >> 160 0 obj 96 0 obj The conduct alleged in these charges erodes public trust in the safety and effectiveness of medical products, including diagnostics. endobj 382 0 obj endobj Theranos employees are most likely to be members of the Democratic Party. /P 362 0 R Theranos founder Elizabeth Holmes, now a mother of two, is asking to delay her 11-year sentence for felony fraud so she can be at home with her two young children while she appeals the conviction. /S /LBody 19 [null null 215 0 R null null null 216 0 R null null null /P 50 0 R << 389 0 obj Read company statement regarding investor . 99 0 obj A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. 360 0 obj /P 42 0 R /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] >> /Lang (EN-US) 183 0 obj << Investors who put a total of $632 million into Theranos in its latest funding round from 2014 to 2015 included " Rupert Murdoch and family-controlled Cox Enterprises Inc., -- [Cox family holdings . /S /P >> endobj /S /LBody /Pg 238 0 R 365 0 obj /Pg 254 0 R >> Theranos was a private health care company, with a mission to revolutionize lab testing through innovative methods for drawing blood, testing blood, and interpreting resulting patient data. << In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. 294 0 obj /P 50 0 R U.S. Attorneys Office /S /LI /Pg 244 0 R << endobj /S /P 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 51 0 R The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. endobj << endobj endobj /K 174 0 R 251 0 obj endobj >> /P 48 0 R 33 0 obj Toxic culture: Lessons from Theranos | Eagle Hill Consulting /Pg 257 0 R endobj << Theranos drained $96 million from an experienced investor plus some /K 116 0 R << But Theranos shared very little about its blood-testing machine with the public or medical community. /Rotate 0 /K 2 We all knew it was coming. /S /LBody /Type /Pages 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. /P 48 0 R Researchshows that unethical conduct is more likely when people are tempted with the opportunity to cheat on behalf of a good cause, and that cheaters may feel more at ease with their own behavior if they cheat on behalf of the common good. 159 0 obj The first week of Theranos founder Elizabeth Holmes' fraud trial is now complete. << endobj 105 0 obj /S /LBody /P 8 0 R 34 0 obj /K 14 >> << Though highly desirable, these significant features were not as instrumental in the fulfillment of Theranos vision as they were initially pledged. /P 365 0 R >> /K 212 0 R >> /K 0 /Pg 237 0 R endobj /S /LBody 95 0 obj /Rotate 0 In many ways, Theranos is the embodiment of Silicon Valley startup culture. /S /LI >> << >> /P 376 0 R Consider Elizabeth Holmes obsession with producing as small a micro-Lab as possible or with using just a few drops of blood in order to conduct the myriad of tests Theranos promised. >> << When he sentenced Holmes, U.S. District Judge Edward Davila pushed to April 27 her report date to a prison in Byron, Texas, so she could give birth to her second child before being incarcerated. << << >> /S /P >> Jumping off the track ends not with a win for consumers, physicians, investors and the company but with charges from the DOJ and the SEC. endobj /S /P << /K 24 /Pg 254 0 R /P 281 0 R << << /K 220 0 R >> /K 232 0 R >> /Pg 242 0 R /P 59 0 R /Lang (EN-US) 207 0 obj /P 328 0 R /Pg 256 0 R /CropBox [0 0 612 792] >> << >> >> /K 22 endobj 35 0 obj /StructParents 14 /StructParents 21 /S /P 49 0 obj /Lang (EN-US) endobj 336 0 obj /Pg 241 0 R << >> endobj >> >> /Tabs /S /Parent 11 0 R /Lang (EN-US) Tech workers are using company mission statements to hold their CEOs accountable. /P 50 0 R 23 [83 0 R 84 0 R 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R /Lang (EN-US) endobj There is no try', stolen from . /S /P 313 0 obj /K [26 383 0 R] 200 0 obj /Lang (EN-US) << Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. /Parent 13 0 R /S /LBody /P 50 0 R >> Theranos Company Profile - Office Locations, Competitors, Revenue /Lang (EN-US) /Pg 255 0 R /Pg 257 0 R /P 51 0 R Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. /P 8 0 R /S /LBody /S /L endobj /P 286 0 R /S /P << /S /LI null null 214 0 R null null] /P 355 0 R endobj >> >> >> A young (age-defying), pure-looking (evil-defying), masculine-sounding (stereotype-defying) female CEO speaking about Theranos unfulfilled feats in the present or past present tense, Holmes proposition was so enticing that she was able to assemble one of the most impressive boards in corporate America. /Pg 250 0 R Quotes displayed in real-time or delayed by at least 15 minutes. 371 0 obj /S /LI >> >> endobj /K 2 All rights reserved. 156 0 obj << /Lang (EN-US) /P 33 0 R /Lang (EN-US) /Parent 12 0 R endobj /Lang (EN-US) /K 10 /CropBox [0 0 612 792] >> /Annots [] << << >> /S /P endobj /S /P Further, the indictment alleges that based on the defendants misrepresentations and omissions, many hundreds of patients paid, or caused their medical insurance companies to pay, Theranos, or Walgreens acting on behalf of Theranos, for blood tests and test results, sometimes following referrals from their defrauded doctors. Theranos was a blood testing company based in Palo Alto and Newark, Calif. Holmes used a combination of direct communications, marketing materials, statements to the media, financial statements . /S /LBody Fraud, or just a failure? Theranos founder Elizabeth Holmes's trial /Lang (EN-US) null null 152 0 R null null] /S /LBody /Pg 238 0 R /S /LI To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. /Type /Page /P 50 0 R null 24 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." /MediaBox [0 0 612 792] /Tabs /S The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. /K 15 CNN . 179 0 obj In addition, the defendants delivered to doctors and patients blood results that were inaccurate, unreliable, and improperly validated. 56 0 obj /K 18 << And while some have observed that her behavior showed various sociopathic tendencies, the relaxed aura that cheating in the service of a larger cause may afford the average person may amp up ethical risk far more than the risk posed by sociopathic individuals. 220 0 obj /MCID 2 << endobj Have you worked at Theranos? 80 0 obj >> /S /LBody /P 8 0 R /Lang (EN-US) /P 289 0 R >> >> null null 174 0 R null null null 175 0 R null null null /S /LI /MediaBox [0 0 612 792] /S /LBody The . 92 0 obj /Count 24 /Pg 248 0 R endobj /S /LBody >> /S /LBody /S /LBody << << >> /P 381 0 R /K 183 0 R /P 369 0 R /Lang (EN-US) . /P 40 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. The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. >> /S /LI >> 7 [null null 147 0 R null null null 148 0 R null null null /P 325 0 R /S /LI >> /K 6 << 27 0 obj /P 8 0 R /K 6 Hot Startup Theranos Has Struggled With Its Blood-Test Technology endobj >> null 47 0 R null null 129 0 R null null null 130 0 R null Elizabeth Holmes Mission | Full Interview Fortune MPW - YouTube /S /P Theranos presenting poster on an investigational ELISA for the serodiagnosis of #Zika virus infection - today at the American Society of Tropical Medicine & Hygiene . endobj /Length 10 0 R Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Trial Opens Defense lawyers say Holmes believed the company could screen for hundreds of diseases with just a finger prick . /Rotate 0 Everything you need to know about the Theranos scandal << /S /LBody 396 0 obj 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. << endobj /P 48 0 R 133 0 obj >> /Lang (EN-US) 380 0 obj /Resources 432 0 R The once-lauded businesswoman ultimately stepped down from the company, which announced in Sept. 2018 it would be closing.

Benefits Of Patintero Physically, Articles T
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