17 hours ago User login There is no account number yet? register. Commercial. Theranos Desk Page execution:33 ms ... >> Go To The Portal
Former Theranos CEO, Elizabeth Holmes, and federal prosecutors appeared via zoom for a pre-trial hearing on a critical patient database that’s missing. The “LIS” had years worth of accuracy and failure rates of Theranos tests.
Gould’s nurse practitioner testified she “felt very uncertain of the validity of the results and felt uncomfortable as a provider.” During cross examination of a former Theranos scientist, Lance Wade, a defense attorney for Holmes, pointed out that “sometimes you have to fail before you can succeed, right?”
Holmes lured investors — and eventually, medical doctors and patients — in with the promise that one-of-a-kind Theranos medical devices could test just a pinprick of blood for hundreds of medical conditions — from high cholesterol to sexually transmitted diseases.
Then, on October 2nd, a Theranos test showed her levels had jumped to 12,558; on October 4th, another Theranos test showed those values had plummeted to 125.58. While Zachman told Gould the test values suggested a miscarriage, she also told Gould to keep taking her prenatal vitamins and to get another test.
But the consumers who used the health-testing services provided by Theranos won't get the ending they had hoped for. Holmes was found not guilty on three charges of defrauding patients and one charge of conspiracy to defraud patients.
Sunny Balwani, former president of Theranos Inc., arrives at federal court in March 2022. After working at companies like Microsoft and Lotus, Sunny made his riches after founding his e-commerce startup CommerceBid at the peak of the dot-com bubble in the late 90s.
Who is Elizabeth Holmes' husband, William “Billy” Evans? Evans is the heir to Evans Hotel Group, which was founded by his grandparents, William and Anne Evans, in San Diego in 1995.
Ms. Holmes was found not guilty on four other counts related to defrauding patients who had used Theranos's blood tests. The jury was unable to reach a verdict on three counts of deceiving investors, for which Judge Edward J. Davila of California's Northern District said he planned to declare a mistrial.
Balwani was also already wealthy, having made $40 million selling his shares of a software development company before the dot-com bubble burst. (He reportedly drove a black Lamborghini that had “Veni Vidi Vici” on the license plate.)
Where is Tyler Shultz Now? After the Theranos scandal, Shultz returned to Stanford to work in its Wang Lab studying giant magnetoresistive (GMR) technology, details Screenrant.
“He said he could not believe that anybody could get in front of these men and women who are willing to put their lives in front of our country and lie directly to their face as convincingly as she lied,” he added. George Shultz died in February 2021.
She has been staying with Evans, who comes from a wealthy family that founded the Evans Hotel Group, a hotel chain in Southern California. According to CNBC, the couple are living together at a US$135 million estate in Woodside, California.
Theranos founder Elizabeth Holmes' fraud trial just ended in late 2021. Recently, info has surfaced revealing Holmes' relationship status: She's now married to hospitality heir William "Billy" Evans, 27. The couple currently live in San Francisco and just welcomed their first child together over the summer.
The technology didn't exist. Theranos, despite all its flashy promises, wasn't actually able to run tests accurately in its device on a single drop of blood. Two years after the company closed its labs, its charismatic founder Elizabeth Holmes and former company president Sunny Balwani were indicted for fraud.
At the age of 31, Elizabeth has joined the list of Warren Buffett, Steve Jobs, Mark Zuckerberg and others. Elizabeth is the world's youngest self-made female billionaire. A genius from childhood, Elizabeth learnt Mandarin language during her high schooling.
In 2018, Theranos collapsed after it was revealed that the company's blood testing devices had never actually worked....Ian Gibbons (biochemist)Ian GibbonsCause of deathSuicide by overdose of acetaminophenNationalityBritishEducationUniversity of Cambridge (BA, MA, PhD)OccupationChief Scientist, Theranos3 more rows
Using fingersticks allowed the company to advertise itself as being patient friendly because its technology would allow it to avoid the need for venous blood draws.
It’s likely that other physicians were doing the same because they were puzzled or concerned about the results they got from Theranos. “Some physicians agonized over the data they got, especially if a particular result showed the potential for patient harm,” he said.
Before his firm’s investment in Theranos, Brian Grossman acknowledged certain risks. The company may not have its devices approved by the FDA. It might fail to deploy its machines as quickly as hoped. It might not be able to rein-in manufacturing expenses for its proprietary devices.
One warning sign that Grossman and his colleagues apparently didn’t weigh heavily was the fact that health insurer Blue Cross Blue Shield didn’t think Theranos’ technology worked. Grossman’s colleague, who had a contact there, wrote, “They said they evaluated service and came to the conclusion that it does not work.
After the prosecution wrapped its brief redirect, Grossman stepped down and Theranos patient Erin Tompkins took the stand. Tompkins used Theranos’ blood testing services in 2015 at a Walgreens in Arizona. At the time, she didn’t have health insurance and was attracted to Theranos’ low cost. Her doctor had ordered an HIV test.