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| VIEW EVENT INFORMATION: Theranos |
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The Rise And Fall Of Theranos And Elizabeth Holmes |
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Status: Available Now!
Type: Comments
Date: Wednesday 14 March 2018, 12:00 AM
Media: CNN
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About the organization Theranos:
Type: Business
Sub-Types: Health Care, Health-Technology, Blood Test, Medical Service, Medical Test, Medical-Technology, Medical Laboratory, Website |
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Notable Organizations: CNN, Theranos
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| Theranos went from one of the most lauded "unicorn" tech startups in Silicon Valley to a company crippled by scandal.
Elizabeth Holmes, Theranos' founder and CEO, dropped out of Stanford University to launch the company in 2003 as a cheaper, more efficient alternative to traditional medical tests. It promised patients the ability to test for conditions like cancer and diabetes with just a few drops of blood.
But questions swirled over its testing and technology, and on Wednesday the SEC charged Holmes and former president Ramesh Balwani, with "massive fraud" involving more than $700 million. In a settlement with the SEC, Holmes was forced out of her role at the company. The SEC said it would take its case against Balwani to federal court in San Francisco.
Here's a look back at Theranos' rise and fall. |
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