theranos mission statement

endobj "Sunny Balwani did not start Theranos," said the lawyer . /TextBox /Art The indictment describes a number of schemes that defendants allegedly employed to mislead investors, doctors, and patients. << 215 0 obj /K 14 /P 264 0 R 299 0 obj /Lang (EN-US) /Parent 5 0 R endobj /P 50 0 R /K [10 392 0 R] /Pg 254 0 R /Type /MCR 322 0 obj /S /LI /MCID 2 /P 368 0 R After Cheung went to the federal government, Theranos hired a private detective to spy on her, according to court documents released last week. >> Theranos may also be known as or be related to Theranos, Theranos Inc, Theranos Inc. and Theranos, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. /Lang (EN-US) According to The Associated Press, the Journals investigation marked the beginning of the end of Theranos. /S /TD /P 8 0 R Entrepreneurship lives in the realm of threading between the present and the future. /Rotate 0 /MediaBox [0 0 612 792] 154 0 R null null null 155 0 R null null null 156 0 R null << Best Mission Statements: 12 Examples You Need to See - Fond /Tabs /S <> >> THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. 102 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. /S /LBody endobj /P 369 0 R << 139 0 R null null null 140 0 R null null null 141 0 R null 345 0 obj << /S /LBody /Pg 235 0 R Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. /Rotate 0 /K 184 0 R /K 10 /K 168 0 R Who is Elizabeth Holmes and what did she do? - USA TODAY >> Elizabeth Holmes (Reuters); Ramesh "Sunny" Balwani (Getty Images). endobj /K 122 0 R >> >> << >> /Lang (EN-US) /K 138 0 R /StructParents 16 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. /S /LI >> /K 18 195 0 obj 395 0 obj The defendants also represented that the analyzer could produce results that were more accurate and reliable than those yielded by conventional methodsall at a faster speed than previously possible. /Type /Page endobj /K 18 Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. /Lang (EN-US) /Pg 235 0 R << endobj /K 4 (Photo by Brad Barket/Invision/AP). We all knew it was coming. /K 179 0 R /K 5 /P 8 0 R << /S /LI /K 214 0 R Follow Company. >> /K 22 /Pg 242 0 R /K 14 >> /Lang (EN-US) /K 129 0 R << This material may not be published, broadcast, rewritten, or redistributed. /P 268 0 R /S /P /CropBox [0 0 612 792] 304 0 obj Initially she funded Real-Time Cures with her co. >> /StructParents 18 Morever, Holmes needs to grow a . << /K 2 >> /S /P << >> << /Lang (EN-US) /P 8 0 R 6 [null null 143 0 R null null null 144 0 R null null null /K [22 386 0 R] /S /P /K 170 0 R Mirage or Vision? Four Blind Spots at the Core of Theranos' Failure 134 0 obj 171 0 R null null] <> /Pg 243 0 R /K 2 . << I write about culture, leadership and ethics in business and work. << Yam said she had never seen the document before, nor did she know where those numbers had come from. /K 189 0 R /Contents [409 0 R 410 0 R 411 0 R] /Pg 235 0 R /Pg 239 0 R /Annots [] << /K 167 0 R <> /Pg 235 0 R /Pg 258 0 R endobj /MediaBox [0 0 612 792] >> Holmes faces up to 20 years in prison. (Photo by Kristoffer Tripplaar/AP). Theranos, Inc. is a consumer health technology company founded in 2003 by Elizabeth Holmes. And at least one employee told the financial newspaper Theranos executivesdid not report test results that would have caused concerns about the machines accuracy. /Lang (EN-US) endobj /S /LI The False Promise of Silicon Valley's Quest to Save the World /O /Layout For many years, in Facebook's case, its mission statement was "To give people the power to share and make the world more open and connected". /S /LBody /S /LI << /Pg 248 0 R >> << /K [8 94 0 R] endobj >> /Pg 247 0 R /CropBox [0 0 612 792] /Pg 238 0 R endobj /K 6 /K 217 0 R /S /LI /Lang (EN-US) 179 0 obj /K 226 0 R 169 0 obj endobj >> /Lang (EN-US) >> /Pg 235 0 R endobj 3. >> << /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 /S /LI /P 8 0 R null] 127 0 obj endstream << /K 11 endobj >> /P 317 0 R The vision was to revolutionize blood testing and place these miniature labs in homes across the world. /S /LBody >> /S /L /MCID 2 218 0 obj /P 42 0 R /P 42 0 R A former Theranos employee who alerted regulators to fraud at the company said he popped a bottle of champagne after a jury returned guilty verdicts against founder Elizabeth Holmes on Jan. 3. << >> /S /P /P 8 0 R /S /TR << /K 152 0 R /Rotate 0 /Type /Page /S /P << endobj << >> /Lang (EN-US) /Type /Page endobj >> >> >> >> /Lang (EN-US) >> endobj 292 0 obj 117 0 R null null null 118 0 R null null] << /K 10 /P 8 0 R 174 0 obj << /S /LBody <> /S /LBody /K 1 endobj 90 0 obj endobj /K 22 /S /LBody 254 0 obj 207 0 obj /Lang (EN-US) endobj /K 31 /A 259 0 R endobj << /K [26 384 0 R] << endobj /S /LBody /Type /Page /Annots [] /S /LBody << >> 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 250 0 R << /Annots [] /P 51 0 R /Length 10 0 R 24 0 obj /S /L /S /LBody << 196 0 obj /P 50 0 R /P 59 0 R 203 0 obj 5 0 obj >> endobj 3480 /P 59 0 R /Lang (EN-US) /K 146 0 R >> /Pg 241 0 R << /K 24 endobj /Length 502 0 R 22 0 obj /S /P /P 48 0 R /Tabs /S /Lang (EN-US) /S /P >> Four years after the top two Theranos executives, Elizabeth Holmes and Ramesh "Sunny" Balwani, were first indicted together on a dozen federal fraud charges stemming from their time . He . Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. << /S /LI 333 0 obj /S /LI Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary >> /Lang (EN-US) /K 187 0 R /S /LI >> /CropBox [0 0 612 792] /K 8 0 R /S /P endobj /S /LI 188 0 R null null null 189 0 R null null null 190 0 R null >> 365 0 obj /S /LBody /K 206 0 R endobj 34 0 obj /K 229 0 R . endobj endobj 341 0 R 342 0 R 343 0 R 344 0 R 345 0 R 346 0 R 347 0 R 348 0 R] endobj /P 379 0 R Yam said that Theranos lost $16.2 million in 2010, $27.2 million in 2011, $57 million in 2012, and $92 million in 2013. /Pg 256 0 R 393 0 obj << /Lang (EN-US) 23 0 obj /P 8 0 R /P 48 0 R /K 173 0 R Theranos founder Elizabeth Holmes, now a mother of two,is asking to delay her11-year sentence for felony fraud so she can be at home with her two young children while she appeals theconviction. /P 337 0 R /P 358 0 R But in February, the pair had a number of charges dropped, excluding wire fraud. /S /LBody /P 48 0 R >> The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. /P 8 0 R She already settled with the Securities and Exchange Commission (SEC) for a $500,000 penalty and 10-year ban on serving as an officer or director of a public company. << /S /LBody flagrantly vague and often outright untruthful statements. /K 20 149 0 R null null null 150 0 R null null null 151 0 R null /Pg 256 0 R /S /LBody /K [26 395 0 R] Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. /K [354 0 R 355 0 R 356 0 R 357 0 R 358 0 R 359 0 R 360 0 R 361 0 R 362 0 R 363 0 R 331 0 obj /K 16 214 0 obj /K 30 Cheung said she joined the company largely on the star power of its CEO. It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. 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. /Pg 251 0 R /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] /Contents [417 0 R 418 0 R 419 0 R] /Annots [] >> /Lang (EN-US) 143 0 obj 259 0 obj << Claiming and updating your company profile on Zippia is free and easy. /K 21 /Lang (EN-US) >> << Leaving Little Space for Inspiration. << /Pg 257 0 R 47 0 obj endobj The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. /P 371 0 R 211 0 obj /S /L /P 50 0 R /Lang (EN-US) null 110 0 R null null null 111 0 R null 112 0 R null 113 0 R 377 0 obj endobj >> /Pg 257 0 R endobj null null null null 168 0 R null null null 169 0 R null /Lang (EN-US) endobj 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. endobj The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. << How Theranos's Big Investors Were Taken - Forbes >> /P 8 0 R All rights reserved. /Pg 235 0 R /K 26 /S /LBody endobj endobj >> We searched far and wide for the best company mission statement examples. /Tabs /S >> /Lang (EN-US) /P 380 0 R /Lang (EN-US) /S /LI >> 326 0 obj endobj >> 199 0 obj << The . /P 349 0 R /S /LI >> >> /S /LBody << endobj /P 8 0 R << Theranos: Vision, Effort - No Compliance Ends with DOJ, SEC >> 16 0 obj >> /Lang (EN-US) << /StructParents 1 endobj << /K 21 endobj Solved ChapterCase 12 Part II-Strategic Management 1. What | Chegg.com /S /LI << endobj << 246 0 obj /P 42 0 R 249 0 obj /Lang (EN-US) << /Lang (EN-US) endobj /P 50 0 R 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. /Parent 13 0 R >> >> 343 0 obj /P 366 0 R 139 0 obj Ad Choices, Theranos founder Elizabeth Holmes on trial as jury selection begins, Theranos downfall due to elaborate $4M conspiracy, investor says. << /P 294 0 R /Lang (EN-US) /P 289 0 R << /S /LBody Cultivating a boundless vision until the very end completely untethered from the status quo, rules, requirements and the demands of the here and now Holmes and Theranos were on a special kind of journey. /Contents [453 0 R 454 0 R 455 0 R] >> 111 0 obj /MediaBox [0 0 612 792] /K 142 0 R /Pg 247 0 R /P 323 0 R The defendants nevertheless used interstate electronic wires to purchase advertisements intended to induce individuals to purchase Theranos blood tests at Walgreens stores in California and Arizona. Before sharing sensitive information, make sure you're on a federal government site. /P 319 0 R D:20180314151216 /K 222 0 R /S /P /Rotate 0 12 0 obj endobj 165 0 obj endobj Here are three culture takeaways from the Theranos scandal that are relevant to all leaders and employees. /MCID 2 >> >> >> /Marked true 65 0 obj 135 0 obj /Pg 258 0 R endobj /K 6 /MediaBox [0 0 612 792] 262 0 obj << /CropBox [0 0 612 792] << 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. /P 50 0 R /Lang (EN-US) In fact, Yam relied heavily on Holmes for financial projections. >> /K 22 /K 27 /MCID 2 >> /K 126 0 R /Kids [11 0 R 12 0 R 13 0 R 14 0 R] /Pg 255 0 R >> /Pg 256 0 R /P 364 0 R /S /LBody /Resources 476 0 R << endobj null null 136 0 R null null null 137 0 R null null] /Contents [429 0 R 430 0 R 431 0 R] /P 48 0 R endobj 271 0 obj /P 8 0 R /K [111 0 R 112 0 R 113 0 R 114 0 R] endobj >> 335 0 obj /K 201 0 R /K 3 /MediaBox [0 0 612 792] The first week of Theranos founder Elizabeth Holmes' fraud trial is now complete. /S /LI endobj >> /P 33 0 R 81 0 obj endobj /P 23 0 R << << /Parent 11 0 R /P 40 0 R 317 0 obj /Type /MCR /P 48 0 R /Tabs /S << endobj /Type /Page 99 0 obj >> /MCID 2 /S /LBody /P 380 0 R stream >> 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 /K [32 382 0 R] /K 117 0 R 1343. << /K 163 0 R /P 8 0 R The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. /P 48 0 R << << /Pg 240 0 R endobj /Lang (EN-US) endobj such statements undermine confidence . endobj /P 8 0 R /Pg 247 0 R << << /Placement /Block >> endobj endobj /Rotate 0 >> Theranos Mission Statement - YouTube /Type /Pages endobj /P 48 0 R endobj /S /LI /K 195 0 R >> /P 313 0 R /K 13 >> 192 0 obj /S /LBody 74 0 obj What is Theranos? | Fox Business /K 21 /Annots [] << Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT /P 300 0 R /P 312 0 R << /P 344 0 R /S /LBody She now has "two very young children hertoddler and an infant," according to a recent court filing. /Resources 408 0 R /Pg 258 0 R endobj /S /LBody /P 8 0 R endobj According to the indictment, the defendants also allegedly made numerous misrepresentations to potential investors about Theranoss financial condition and its future prospects. /Pg 251 0 R /K 11 /S /LI null null 127 0 R null null 45 0 R null null 128 0 R null << /K 133 0 R Theranos Announces Expansion of Board of Directors and New /Lang (EN-US) endobj /K 6 << endobj >> << <> /StructParents 10 null] /Pg 248 0 R /Lang (EN-US) Both schemes involved efforts to promote Palo Alto, Calif.-based Theranos. >> /K 5 Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. /S /LBody /Resources 484 0 R /S /P >> Theranos competitors include TED, Bloomberg, HuffPost, National Journal, Washington Plaza Hot, Morgan Stanley, Newsweek. In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon . >> 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. /Pg 256 0 R 330 0 obj endobj endobj (REUTERS/Carlo Allegri). 94 0 obj 357 0 obj << 307 0 obj /Lang (EN-US) /S /LI >> /S /LBody stream /Pg 235 0 R /S /LBody endobj endobj endobj >> Mission statement examples: 16 of the best to inspire you 3553. /Lang (EN-US) >> Theranos | LinkedIn endobj It claims its technology can work with just a finger prick. /PageLayout /OneColumn /Lang (EN-US) 303 0 obj /P 40 0 R 41 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 /P 330 0 R /K 26 /Pg 247 0 R /S /L 141 0 obj 160 0 obj /Pg 238 0 R >> 221 0 obj /P 310 0 R /Parent 14 0 R /K 22 /P 8 0 R << >> >> /S /P endobj /Pg 235 0 R /Type /Page Ars may earn compensation on sales from links on this site. /P 325 0 R 42 0 obj /P 278 0 R >> /S /LI /P 339 0 R >> 227 0 obj << /S /LI << /Parent 14 0 R 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. /Pg 245 0 R endobj /Pg 257 0 R Despite persistent losses, Holmes salary increased from $200,000 to $400,000, Yam said. All rights reserved. /K 10 endobj Northern District of California | Theranos Founder and Former Chief /Pg 245 0 R /Lang (EN-US) /P 8 0 R /K 148 0 R Tim De Chant It's unclear . /Pg 251 0 R << endobj /MediaBox [0 0 612 792] << GET FOX BUSINESS ON THE GO BY CLICKING HERE. /P 50 0 R /K 31 endobj /P 389 0 R Nov 8, 2017. % >> It's unclear whether Theranos' rise and fall will turn out to be a dazzling mirage of "would-be" business . /P 8 0 R /P 50 0 R /S /P /Rotate 0 /S /LBody /S /LI >> endobj endobj /StructParents 21 >> The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. << << 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. endobj 80 0 R 81 0 R 82 0 R] endobj 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. << Fear a Culture of Fear. << << 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. /Lang (EN-US) The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. /Count 5 endobj >> /Lang (EN-US) 147 0 obj >> /P 48 0 R endobj >> 228 0 obj 79 0 obj Elizabeth Holmes and her ill-fated blood-testing start up, Theranos, are the subjects of the latest exceptional read. /Pg 247 0 R << The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. 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. >> endobj /K 136 0 R /Lang (EN-US) /StructParents 15 <> Cheungs testimony continues today. Theranos is a now-defunct healthcare technologystartup founded by disgraced Stanford drop-out Elizabeth Holmes. /Contents [437 0 R 438 0 R 439 0 R] The Journal reported that in 2015, the technology was only used for 15 tests. Surprisingly, few paid much attention to that unchecked gap before the truth began to come out. >> /Lang (EN-US) >> /Lang (EN-US) /Resources 416 0 R /StructParents 3 17 0 obj /K 18 /Lang (EN-US) Theranos' mission is to make actionable information accessible to everyone at the time it matters most. /S /LI /K 150 0 R Theranos founder Elizabeth Holmes "lied and cheated" for money and fame, prosecutors alleged on the first day of the former Silicon Valley star's trial. << >> /MediaBox [0 0 612 792] /K 124 0 R /Lang (EN-US) endobj endobj /Pg 250 0 R >> Elizabeth Holmes, the infamous biotech chief executive who promised to revolutionize blood testing, has been found guilty of fraud. /P 8 0 R /Annots [] 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. 51 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. /Pg 238 0 R If convicted, they could each face maximum penalties of 20 years in prisona $2.75 million fine and possiblyrestitution, the Department of Justice said. 368 0 obj /Pg 256 0 R endobj /P 393 0 R null null null 231 0 R null null null 232 0 R null null /Parent 13 0 R /K 151 0 R Theranos has established itself as a great place to work in California, and it is number 17 on Zippia's list of, The average employee at Theranos makes $44,094 per year. << >> /K 230 0 R endobj 367 0 obj Elizabeth Holmes finished testifying in wire fraud trial. 156 0 obj /S /LBody /P 381 0 R endobj /S /LBody << /S /P FAQ - New Privacy Policy. Prosecutors allege that Holmes and Balwani deliberately misled investors, policymakers and the public about the accuracy of Theranos blood-testing technologies since 2013, at least, EX-BILLIONAIRE ELIZABETH HOLMES CAN'T PAY LAWYERS DEFENDING HER IN THERANOS FRAUD CLAIM. 339 0 obj 220 0 obj /P 8 0 R But what may be less intuitive is the effect that such optimism likely had on the ability of the companys senior leadership to consider the implications of their decisions and following actions. endobj /P 8 0 R /P 271 0 R >> /S /LI /S /P /Lang (EN-US) 282 0 obj A vision and its attached goals may inspire and motivate, but they can also severely contrive our ability to consider a broader set of possibilities or address contradictory information. /MediaBox [0 0 612 792] The site is secure. /Pg 251 0 R /S /LI /S /LBody /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] >> /Pg 235 0 R /Lang (EN-US) /S /LI Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. Theranos stood as the next big breakthrough innovator in the healthcare industry offering an affirming achievement of the value of human ingenuity. 183 0 obj /Type /Page It became evident that audited financial statements hadn't been prepared since 2009. 49 0 obj /P 8 0 R For the small private firm, the publically traded company or the large enterprise vision, effort and determination needs to be firmly tied to the track - compliance. Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." << /Lang (EN-US) /Resources 472 0 R /P 50 0 R /S /LBody >> /StructParents 12 endobj Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." The story raised concerns about the accuracy of Theranos blood-testing technology, which put patients at risk of having conditions either misdiagnosed or ignored. << >> <> Competitors of Theranos include Bloomberg, Morgan Stanley, and National Journal. << 383 0 obj 390 0 obj /K 6 /Pg 240 0 R << /Pg 237 0 R /Lang (EN-US) We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 25 0 obj /Lang (EN-US) 199 0 R null null] /K 159 0 R endobj /Lang (EN-US) /K 174 0 R >> The alleged fraud, which Holmes perpetrated as the companys founder and CEO, may have felt less onerous due to the goodness of the vision and mission she championed. /Lang (EN-US) 375 0 obj /K 14 Former Theranos board member, investor testifies against Elizabeth /Resources 464 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. /Rotate 0 /CropBox [0 0 612 792] endobj /Lang (EN-US) /Lang (EN-US) Holmes, at one point the nations youngest self-made female billionaire, and her former chief operating officer Ramesh Balwani, were indicted by federal prosecutors in June 2018 and charged with two counts conspiracy to commit wire fraud and nine counts of wire fraud each. >> The Theranos founder intentionally deceived investors, a US . /Lang (EN-US) /K 2 /K 3 /P 373 0 R /K 127 0 R /Pg 237 0 R /K 10 /S /P << >> Theranos Was Losing Hundreds Of Millions As Elizabeth Holmes Talked Up Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. /Annots [] >> endobj /P 292 0 R Around the time that Theranos was losing nearly $2 million per week, investors in the blood-testing startup were being told that the company would soon be bringing in almost $1 billion per year. endobj /P 381 0 R /Pg 238 0 R 186 0 obj << endobj 114 0 obj /K 17 >> /P 8 0 R >> endobj /Type /Page << endobj endobj The Company's clinical laboratory offers comprehensive laboratory tests. /S /LI /StructParents 14 Ms. Holmes's lawyers have said the entrepreneur dedicated 15 years to Theranos's mission and her only crime was having a startup that failed, as so many do ] << /K 6 /S /LBody << /S /LBody >> endobj null null 191 0 R null null null 192 0 R null null] << 198 0 obj Elizabeth Holmes' trial begins with opening statements - CNN Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. 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 . endobj /CreationDate (D:20180314084127-07'00') Last word: Your mission statement, and what it says about you However, any sentence following conviction would be imposed by the court after consideration of the U.S. /Type /MCR << Elizabeth Holmes finishes testifying in Theranos trial - The Washington endobj Carreyous account of Safeways engagement with Theranos is powerful. /K 22 /S /LBody /K 23 << /S /P 67 0 obj endobj /K 10 /S /LI /Type /Page 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 . >> endobj << << /Tabs /S /S /LBody << 226 0 obj 2018-03-14T09:02:10-07:00 >> 310 0 obj /S /LI /S /LBody /Lang (EN-US) << /K 7 endobj /K 132 0 R << /P 51 0 R /S /LI /Parent 5 0 R null null 152 0 R null null] It was not only motivated blindness that may have triggered the slippery slope of unethical conduct at Theranos. /K 10 370 0 obj Companies in Silicon Valley are wonderfully fond of describing themselves as "mission-driven.". >> 152 0 obj /StructParents 4 110 0 obj /K 121 0 R << 50 0 obj 2 [null null 119 0 R null null null 120 0 R null null 41 0 R

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