VIEW EVENT INFORMATION: Theranos
3 Takeaways From The Demise Of Theranos
JUL
11
Status: Available Now!
Type: News
Date: Monday 11 July 2016, 12:00 AM
Media: Entrepreneur

SOURCE
About the organization Theranos:
Type: Business
Sub-Types: Health Care, Health-Technology, Blood Test, Medical Service, Medical Test, Medical-Technology, Medical Laboratory, Website
Notable Organizations: Theranos, Entrepreneur
From the day it became apparent that Theranos had gone to great lengths to hide serious issues with its blood testing technology, it wasn’t hard to predict that things would end badly for the much-hyped $9 billion startup and its iconic founder, Elizabeth Holmes. But I doubt if anyone foresaw it going this badly this quickly. Late last week, Federal regulators delivered a crushing blow to the company, withdrawing certification of its Silicon Valley lab and slapping Holmes with a two-year ban from the lab-testing business. It’s hard to see how the famed entrepreneur with an uncanny way of getting what she wants gets out of this mess. Until recently, the Stanford dropout who started Theranos at 19 seemed to have investors, the media and retail partner Walgreens eating out of her hand. But then, the secretive company’s claims it could run a full range of tests from a few drops a blood had yet to be vetted by anyone. That would prove to be its undoing. Once John Carreyrou’s blockbuster expose appeared on the front page of the Wall Street Journal last October, things quickly began to unravel for the Palo Alto native and her 13-year old company. Having covered this intriguing story from day one, here are three big lessons you should take away from Holmes’ and Theranos’ demise.
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