/CropBox [0 0 612 792] /MediaBox [0 0 612 792] >> 265 0 obj /P 332 0 R /P 40 0 R 361 0 obj /Pg 254 0 R 384 0 obj 51 0 obj 3553. /P 333 0 R endobj /Parent 5 0 R << /Annots [] 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R null] >> 165 0 R null null null 166 0 R null null null null 167 0 R $1 million bail: Student accused of attacking teacher's aide over Nintendo Switch, Consumer confidence: Optimism of US consumers declined in February, reflecting fears of a recession. endobj /K 116 0 R Department of Justice /Pg 235 0 R THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. 123 0 R null null null 124 0 R null null] << /S /LI endobj /P 48 0 R /Lang (EN-US) >> /S /LI >> << /Annots [] /Resources 424 0 R << 228 0 obj endobj /S /LI /Pg 256 0 R >> /Lang (EN-US) endobj /Lang (EN-US) /Lang (EN-US) /P 48 0 R endobj /K 217 0 R /CropBox [0 0 612 792] /S /LBody /Parent 14 0 R << /P 46 0 R Mission statement examples: 16 of the best to inspire you endobj 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 /Parent 5 0 R endobj 84 0 obj 226 0 obj /P 369 0 R << 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. >> /S /LI /Lang (EN-US) /P 55 0 R /P 50 0 R /Pg 237 0 R /S /LBody Theranos is headquartered in Palo Alto, CA. 107 0 obj /Pg 240 0 R /Pg 244 0 R endobj >> /Pg 248 0 R endobj stream
/S /LI /Resources 480 0 R >> 9 0 obj /Pg 245 0 R >> 20 0 obj endobj /Pg 253 0 R >> /Pg 249 0 R >> /K 31 149 0 obj << 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. >> << /S /LI 281 0 obj 349 0 obj endobj /MediaBox [0 0 612 792] endobj /StructParents 6 /S /LBody Nov 8, 2017. Elizabeth Holmes and Theranos: How "The Change in Healthcare" Turned /CropBox [0 0 612 792] endobj endobj /K 1 >> /P 8 0 R endobj /Pg 235 0 R /Rotate 0 << /S /LBody Nov 16, 2021, 6:17 PM PST. << Elizabeth Holmes' fate in jurors' hands after fiery closing arguments >> /Lang (EN-US) /P 48 0 R 88 0 obj Overview Salary Revenue History Demographics Competitors CEO & Executives. /Type /Page /K 119 0 R /Resources 432 0 R Legal Statement. << Working At Theranos: Employee Reviews And Culture - Zippia endobj /K 138 0 R 270 0 obj >> /Contents [477 0 R 478 0 R 479 0 R] endobj /P 8 0 R /Pg 242 0 R /P 8 0 R 216 0 obj /Lang (EN-US) 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. << 79 0 obj endobj endobj /K 10 /Pg 238 0 R /Lang (EN-US) 357 0 obj /Tabs /S >> /K 6 /K 176 0 R endobj /Type /Page /Pg 243 0 R /Lang (EN-US) endobj >> << CNMN Collection /Lang (EN-US) >> << endobj . /S /LI /S /LI 318 0 obj Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. 380 0 obj /K 9 << 345 0 obj 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. /Pg 255 0 R /K 24 /S /LBody /Lang (EN-US) Theranos is a now-defunct healthcare technology startup founded by disgraced Stanford drop-out Elizabeth Holmes . /CropBox [0 0 612 792] endobj /Parent 13 0 R endobj /P 287 0 R /P 63 0 R /S /LBody endobj >> endobj /P 50 0 R /Pg 258 0 R -mission statement: to make actionable information accessible to everyone at the time it matters. /Outline /Span /P 48 0 R >> >> << /ParentTree 9 0 R << /K 146 0 R Theranos: Vision, Effort - No Compliance Ends with DOJ, SEC << /Pg 250 0 R /K 24 /S /LI /P 8 0 R /MediaBox [0 0 612 792] endobj 199 0 obj /Contents [493 0 R 494 0 R 495 0 R] >> 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. /Contents [481 0 R 482 0 R 483 0 R] /P 51 0 R /K 13 /S /LBody /K [18 385 0 R] << >> /Pg 256 0 R /Lang (EN-US) >> endobj In court documents, federal prosecutors have said Holmes is a flight risk. << /P 340 0 R << /P 343 0 R << /Lang (EN-US) /K 47 /S /P How did Elizabeth Holmes come up with the name "Theranos"? - Quora 315 0 obj endobj /K 2 . At the peak of her career in 2015, Forbes estimated her net worth at $4.5 billion. >> /Annots [] << What Is Theranos CEO Elizabeth Holmes' Net Worth As Founder - Newsweek << /Lang (EN-US) /Pg 238 0 R 191 0 obj Surprisingly, few paid much attention to that unchecked gap before the truth began to come out. >> /P 8 0 R /Type /Page /DropCap /Figure /P 63 0 R /P 380 0 R 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. /P 8 0 R /Lang (EN-US) << 157 0 obj /K 173 0 R << 217 0 obj /StructParents 5 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. /Pg 249 0 R << >> /K [262 0 R 263 0 R 264 0 R 265 0 R 266 0 R 267 0 R] 2018-03-14T09:02:10-07:00 /K 6 endobj /K 261 0 R /Annots [] /S /LBody OUR MISSION listen to our readers and cover the topics that matter to them . /S /P /K [95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 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] /P 51 0 R /S /LBody /Lang (EN-US) >> Your California Privacy Rights | Do Not Sell My Personal Information "Sunny Balwani did not start Theranos," said the lawyer . by Elizabeth Holmes. /Pg 250 0 R /Type /MCR /Lang (EN-US) << /P 8 0 R History of Theranos - Case Study Blog: Theranos 24 0 obj For example, allegedly, Holmes and Balwani knew that the analyzer, in truth, had accuracy and reliability problems, performed a limited number of tests, was slower than some competing devices, and, in some respects, could not compete with existing, more conventional machines. /S /P /S /LBody 337 0 obj /CropBox [0 0 612 792] << endobj /S /LI uuid:08e7f9c5-06b3-4447-b9e6-d8f448ec8b85 371 0 obj >> endobj /K 31 /Lang (EN-US) >> << endobj 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. /Lang (EN-US) >> /Lang (EN-US) 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. << /Annots [] /Lang (EN-US) << /K 10 << /Annots [] /P 341 0 R >> /Pg 241 0 R /S /LBody >> 16 [null null 199 0 R null null null 200 0 R null null null /K 10 /Parent 14 0 R /Lang (EN-US) 149 0 R null null null 150 0 R null null null 151 0 R null /K 18 The FDA would like to extend our thanks to our federal law enforcement partners for sending a strong message to Theranos executives and others that these types of actions will not be tolerated, said Catherine A. Hermsen, Acting Director, FDA Office of Criminal Investigations. >> 2 [null null 119 0 R null null null 120 0 R null null 41 0 R . /S /LI << >> 152 0 obj 44 0 obj Paradoxically, instead of warranting greater scrutiny, the very gap between Theranos projected solution and the requirements of the available blood-testing technology may have prevented a number of decision-makers from focusing on practical questions during evaluation of the companys potential and its various promises. He . /K 5 /P 360 0 R >> /K 2 Elizabeth Holmes Mission | Full Interview Fortune MPW - YouTube << /MCID 2 /Parent 14 0 R << /MCID 2 10 [null null 163 0 R null null null 164 0 R null null null /Parent 12 0 R >> 282 0 obj /Tabs /S /Pg 235 0 R endobj /StructParents 0 128 0 obj Pay at Theranos is significantly lower than some of its highest paying competitors, like. << 227 0 obj /S /LI 364 0 obj The average salaries at Bloomberg rank the highest, with their employees earning an. << << /S /LBody /Lang (EN-US) She is photographed in 2014 while speaking about the company's vision at their headquarters in Palo Alto . /P 48 0 R /K 152 0 R /StructParents 17 << /P 380 0 R /Contents [485 0 R 486 0 R 487 0 R] endobj << 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." 85 0 obj endobj >> 9 [null null 157 0 R null null null 158 0 R null null null (Photo by Brad Barket/Invision/AP). 35 0 R 36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R endobj << The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. >> /P 294 0 R 330 0 obj endobj 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. >> /P 8 0 R >> >> >> /P 8 0 R According to The Associated Press, the Journals investigation marked the beginning of the end of Theranos. /Pg 252 0 R /K [28 391 0 R] << /S /P >> /Tabs /S /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 << /Rotate 0 << All rights reserved. endobj << /Parent 11 0 R The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. 145 0 obj /Tabs /S 262 0 obj /K 20 /P 328 0 R /P 277 0 R /P 266 0 R >> /K [28 394 0 R] >> endobj /S /LI >> Employees in the top 10 percent can make over $68,000 per year, while employees at the bottom 10 percent earn less than $28,000 per year. /P 337 0 R /K 221 0 R << 383 0 obj Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. /S /P The University recognizes the importance of its location in New York City and . /Rotate 0 << /P 372 0 R << Best Companies to Work for in Palo Alto, CA, Best Start-up Companies to Work For in America, Best Health Care Companies to Work For in California, Best Start-up Companies to Work For in California, Best Companies to Work For in Palo Alto, CA, Best Health Care Companies to Work For in Palo Alto, CA, Best Start-up Companies to Work For in Palo Alto, CA. 370 0 obj /S /LBody 111 0 obj 121 0 obj >> /S /LBody endobj << << /S /P The Theranos story has been turned into an HBO . 59 0 obj /S /LBody 96 0 obj /K 169 0 R 196 0 obj << /S /LI The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. 194 0 obj >> /K 5 >> << /Tabs /S /K 34 >> /S /LBody /K 28 /Pg 254 0 R 38 0 obj /Length 10 0 R /Pg 242 0 R Todays indictment alleges that through their company, Theranos, CEO Elizabeth Holmes and COO Sunny Balwani not only defrauded investors, but also consumers who trusted and relied upon their allegedly-revolutionary blood-testing technology., This indictment alleges a corporate conspiracy to defraud financial investors, said Special Agent in Charge Bennett. << /K 30 /Rotate 0 << /P 50 0 R >> /MediaBox [0 0 612 792] /Type /MCR /P 8 0 R >> >> /Pg 238 0 R /K 3 /K 147 0 R >> null null 225 0 R null null null 226 0 R null null null >> 77 0 obj << /Pg 257 0 R << /Lang (EN-US) /K 18 /P 392 0 R >> endobj endobj 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] 331 0 obj /Pg 257 0 R 6 [null null 143 0 R null null null 144 0 R null null null << >> 52 0 obj /Contents [429 0 R 430 0 R 431 0 R] 222 0 obj /Pg 255 0 R 71 0 obj /Tabs /S But Theranos shared very little about its blood-testing machine with the public or medical community. endobj >> 21 0 obj endobj /K 41 /P 8 0 R << Holmes was found guilty on four felony fraud counts associated with a loss to victims of at least $120 million. Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". /Pg 248 0 R << endobj endobj /P 261 0 R /S /LI 291 0 obj /Lang (EN-US) << << /Author () /P 50 0 R endobj Theranos and Elizabeth Holmes: the Marketing of Silicon Valley's << /S /P endobj /P 8 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 93 0 R] /P 381 0 R The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. /Lang (EN-US) 235 0 obj /S /LBody /S /LI << Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. 33 0 obj /Parent 11 0 R /P 355 0 R endobj /S /LBody /Pg 236 0 R The business had garnered hundreds of millions of dollars in investments and was valued at $9 billion in 2015, when a Journal expose showed the company had some not-so-favorable secrets. << /K 22 32 0 obj endobj >> 368 0 obj endobj /Lang (EN-US) 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 175 0 obj The Journal reported that in 2015, the technology was only used for 15 tests. << /S /LBody /P 309 0 R 161 0 obj /Tabs /S >> >> << /S /LI /S /P 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R >> >> Instead, a vision made boundless by its sharp divide from reality and its extraordinarily narrow goals ended up only perpetuating a state of motivated blindness. Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. /StructParents 14 endobj /Endnote /Note >> The once-lauded businesswoman ultimately stepped down from the company, which announced in Sept. 2018 it would be closing. 171 0 obj /S /LBody /Pg 242 0 R Despite persistent losses, Holmes salary increased from $200,000 to $400,000, Yam said. >> 116 0 obj /K [30 396 0 R] >> 75 0 obj /P 55 0 R June 15, 2018: Theranos Founder and Former Chief Operating Officer /K 15 The national average salary for a Theranos employee in the United States is $44,094 per year. << /P 284 0 R << /Lang (EN-US) 61 0 obj >> >> /S /P /Pg 235 0 R endobj endobj << >> /P 50 0 R 55 0 obj /S /P /S /P /Type /Page /Parent 14 0 R /Lang (EN-US) 297 0 obj << >> /S /P /Pg 235 0 R /Lang (EN-US) << /K 38 348 0 obj /P 50 0 R 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. /Annots [] >> /Lang (EN-US) Theranos Inc. founder Elizabeth Holmes was criminally charged in June 2018 with defrauding investors following the collapse of her blood-testing startup. /Lang (EN-US) /S /LBody As company founder Elizabeth Holmes is sentenced to over eleven years in prison and TV adaptation The Dropout earns star Amanda Seyfried an Emmy, we reveal everything you need to know about the Theranos controversy. /P 50 0 R 160 0 obj /K 20 /P 8 0 R >> >> /K 18 /MediaBox [0 0 612 792] >> 288 0 obj /P 40 0 R Theranos' mission is to make actionable health information accessible to people everywhere in the world at the time it matters, enabling early detection and intervention of disease. Through these advertisements, the defendants explicitly represented to individuals that Theranoss blood tests were cheaper than blood tests from conventional laboratories to induce individuals to purchase Theranoss blood tests.