Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 47 views

    Theranos Growth Story

    Uploaded by

    Débäðûttå Dash
    Theranos claimed it could perform numerous medical tests using just a small amount of blood. However, the company exaggerated its capabilities and misled investors. In reality, Theranos' technology did not work as promised and was found to produce inaccurate results by regulators. Elizabeth Holmes and others were later charged with fraud for deceiving investors about Theranos' blood testing abilities.

    Copyright:

    © All Rights Reserved

    Theranos Growth Story

    Uploaded by

    Débäðûttå Dash
    47 views3 pages
    Theranos claimed it could perform numerous medical tests using just a small amount of blood. However, the company exaggerated its capabilities and misled investors. In reality, Theranos' technology did not work as promised and was found to produce inaccurate results by regulators. Elizabeth Holmes and others were later charged with fraud for deceiving investors about Theranos' blood testing abilities.

    Original Description:

    slides on Growth story of Theranos and ground reality

    Copyright

    © © All Rights Reserved

    Did you find this document useful?

    Is this content inappropriate?

    Theranos claimed it could perform numerous medical tests using just a small amount of blood. However, the company exaggerated its capabilities and misled investors. In reality, Theranos' technology did not work as promised and was found to produce inaccurate results by regulators. Elizabeth Holmes and others were later charged with fraud for deceiving investors about Theranos' blood testing abilities.

    Copyright:

    © All Rights Reserved
    47 views3 pages

    Theranos Growth Story

    Uploaded by

    Débäðûttå Dash
    Theranos claimed it could perform numerous medical tests using just a small amount of blood. However, the company exaggerated its capabilities and misled investors. In reality, Theranos' technology did not work as promised and was found to produce inaccurate results by regulators. Elizabeth Holmes and others were later charged with fraud for deceiving investors about Theranos' blood testing abilities.

    Copyright:

    © All Rights Reserved
    of 3

    GROWTH STORY OF THERANOS

     Initially Holmes leveraged family connections to gain a foothold:


    raised $6 million by the end of 2004.
     The promise and unique idea of conducting a multitude of tests over
    a pinch of blood attracted big investors.
     CEO Elizabeth Holmes featured on the covers of Fortune and TIME
     Partnerships with pharma companies such as Walgreens Booli INC,
    Pharmacy A etc.
     Theranos valued at $10 billion in 2015.
     Elizabeth Holmes: biggest self-made female billionaire.
    GROUND REALITY

     Feb 2015: According to Stanford professor, Theranos had no peer-


    reviewed research in medical literature.
     May 2015: University of Toronto professor Eleftherios
    Diamandis labelled Theranos’ research as exaggerated.
     Oct 2015: John Carreyrou of Wall Street Journal reported Theranos
    of using traditional blood-testing methods instead of The Edison
    device.
    Edison was reported of producing unsatisfactory results.
     The US FDA reports from 2014 and 2015 found major inaccuracies
    in testing of patients.
    GROUND REALITY (contd..)
     Even containers for blood collection were found to be not validated
    and were accused of not being approved prior to issuance.
     Aug 2016: “miniLaB” was introduced in American Association of
    Chemical Chemistry.
    Consequently, miniLaB was never able to perform the 200+ tests the
    company envisioned.
     Holmes took investors money over the virtual oath of zero interference
    from them.
    She also excluded investors from knowledge of any ongoing “research”.
     2018: Elizabeth Holmes and Ramesh Balwani indicted by US SEC for
    fraud and deceiving investors. Also charged with marketing unrealiable
    and inaccurate blood testing methods.

    You might also like