theranos mission statement

Published April 9, 2023 | By

/K 10 171 0 obj /P 347 0 R /S /Span endobj /S /LI 140 0 obj /S /LBody Holmes fostered a culture of fear because it served her needs. /Pg 239 0 R /K 10 /P 59 0 R /P 50 0 R >> << /Contents [485 0 R 486 0 R 487 0 R] >> 186 0 obj 388 0 obj >> /Lang (EN-US) /Pg 235 0 R << /Lang (EN-US) endobj /K 147 0 R 154 0 R null null null 155 0 R null null null 156 0 R null /Lang (EN-US) 45 0 obj /P 50 0 R endobj endobj /K 18 /K 2 /K 10 /P 8 0 R Elizabeth Holmes verdict: researchers share lessons for science - Nature /Lang (EN-US) The rise and fall of Theranos: A timeline - CNN application/pdf >> >> null null null null 168 0 R null null null 169 0 R null /S /LBody << endobj The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. For example, the defendants represented to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers; when, in truth, Holmes and Balwani knew that Theranos purchased and used for patient testing third party, commercially-available analyzers. endobj Holmes dropped out of Stanford University at 19 to found Theranos in 2003. /K 123 0 R endobj Several months later, with encouragement from her professor, Channing Robertson, Holmes quit Stanford. 195 0 obj Palantir has . << endobj /Tabs /S endobj /K [331 0 R 332 0 R 333 0 R 334 0 R 335 0 R 336 0 R 337 0 R 338 0 R 339 0 R 340 0 R << 253 0 obj /K 6 /K 14 /P 8 0 R /Lang (EN-US) /K 224 0 R /Count 24 Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. endobj 223 0 obj 176 0 R null null null 177 0 R null null null 178 0 R null /K 18 79 0 obj 8 [null null 152 0 R null null null 153 0 R null null null << 356 0 obj << Brian Grossman had 20 years of experience in the healthcare space but his firm, PFM Health Sciences, invested $96 . 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.". /S /LBody << /Lang (EN-US) /S /P The average salaries at Bloomberg rank the highest, with their employees earning an. >> /P 50 0 R 11 0 obj /Pg 257 0 R /K 4 /Pg 235 0 R /MediaBox [0 0 612 792] << Washington, DC. /Pg 243 0 R /S /P Creating something new is about breaking the status quo. /P 345 0 R endobj 1 She already settled with the Securities and Exchange Commission (SEC) for a $500,000 penalty and 10-year ban on serving as an officer or director of a public company. /K 6 /Pg 256 0 R /K 22 << >> >> endobj /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] An official website of the United States government. >> endobj In fact, Yam relied heavily on Holmes for financial projections. Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". 101 0 obj /P 40 0 R /S /LI << The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. /K [349 0 R 350 0 R 351 0 R 352 0 R 353 0 R] Elizabeth Holmes dropped out of Stanford in 2003 as a 19-year-old to start Theranos. /S /LBody Theranos Was Losing Hundreds Of Millions As Elizabeth Holmes Talked Up /Annots [] 74 0 obj Mirage Or Vision? Four Blind Spots At The Core Of Theranos - Forbes endobj 94 0 obj 361 0 obj /S /P The False Promise of Silicon Valley's Quest to Save the World /S /LI >> /P 8 0 R 330 0 obj << endobj /Annots [] 269 0 obj /S /LBody /Pg 257 0 R /Pg 239 0 R /Pg 258 0 R /S /LBody /K 232 0 R << null null 225 0 R null null null 226 0 R null null null Its not uncommon for startups to lose money in their early years, and its not entirely unusual for the fastest burn rate to happen right before things turn around. endstream endobj endobj /K 21 /S /P 394 0 obj >> If convicted, the defendants face a maximum sentence of twenty (20) years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count. /MediaBox [0 0 612 792] /Lang (EN-US) Now a mom of two, ex-Theranos CEO Elizabeth Holmes wants to delay /MediaBox [0 0 612 792] >> 224 0 obj /K 191 0 R /K 51 >> /K 221 0 R /K 154 0 R /Lang (EN-US) /Pg 254 0 R >> /Lang (EN-US) endobj /P 320 0 R << endobj /MCID 2 /P 8 0 R endobj /Pg 257 0 R endobj >> /Pg 251 0 R /Lang (EN-US) /Parent 11 0 R >> >> 232 0 obj 3 0 obj 7 [null null 147 0 R null null null 148 0 R null null null >> /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] endobj << CNMN Collection >> endobj /Lang (EN-US) 325 0 obj /P 361 0 R << But in February, the pair had a number of charges dropped, excluding wire fraud. /P 42 0 R /S /LBody 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. << /S /LBody /Parent 13 0 R /S /LBody /P 8 0 R 343 0 obj endobj After all, one of Theranos top achievements was the very idea Holmes herself had developed an idea she never put through the rigor of scientific testing before defining its contours. /K 5 /P 42 0 R /Tabs /S /Pg 242 0 R endobj >> Theranos, CEO Holmes, and Former President Balwani Charged With - SEC endobj /S /LBody We connect the world's decision makers to accurate information on the financial markets and help them make faster, smarter decisions. /Pg 238 0 R /Pg 235 0 R 326 0 obj 324 0 obj Ars may earn compensation on sales from links on this site. >> endobj 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. /Lang (EN-US) /K 18 /Lang (EN-US) /P 51 0 R /Lang (EN-US) endobj /Pg 249 0 R endobj /Pg 256 0 R /Lang (EN-US) 150 0 obj None of the information on this page has been provided or approved by Theranos. /Lang (EN-US) /S /LI 157 0 obj /K 35 >> /Resources 420 0 R endobj >> << /Tabs /S /K 181 0 R 160 0 obj /Lang (EN-US) << /K 6 >> Ad Choices, Theranos founder Elizabeth Holmes on trial as jury selection begins, Theranos downfall due to elaborate $4M conspiracy, investor says. 320 0 obj /Type /MCR /S /LI While some are vague affirmations, others can sharpen employees' minds and give them a sense of identity and belonging. << Here are three culture takeaways from the Theranos scandal that are relevant to all leaders and employees. /Parent 12 0 R /P 48 0 R /K 2 endobj /P 8 0 R << /K 26 >> /Pg 256 0 R >> endobj /S /LBody >> /Type /Pages <> endobj endobj /Annots [] About Columbia | Columbia University in the City of New York << 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R Help other job seekers by rating Theranos. endobj /P 325 0 R endobj /K 172 0 R /K 159 0 R /Rotate 0 /Pg 235 0 R /K 204 0 R endobj /P 380 0 R Your California Privacy Rights | Do Not Sell My Personal Information >> >> null] /Pg 253 0 R endobj /S /LBody Yam said that Theranos lost $16.2 million in 2010, $27.2 million in 2011, $57 million in 2012, and $92 million in 2013. Nov 16, 2021, 6:17 PM PST. >> /Lang (EN-US) /Lang (EN-US) << According to the indictment, Holmes and Balwani used advertisements and solicitations to encourage and induce doctors and patients to use Theranoss blood testing laboratory services, even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests. 197 0 obj >> /ParentTreeNextKey 24 /Pg 249 0 R /Lang (EN-US) !xRnE1$g9`8\\5g1^"z+. << In addition, the defendants represented to investors that Theranos would soon dramatically increase the number of Wellness Centers within Walgreens stores when, in truth, Holmes and Balwani knew by late 2014 that Theranoss retail Walgreens rollout had stalled because of several issues, including that Walgreenss executives had concerns with Theranoss performance. >> <> /CropBox [0 0 612 792] >> /Lang (EN-US) << /Lang (EN-US) /K 13 /S /LBody << /P 380 0 R /Type /StructTreeRoot << Both defendants appeared today before U.S. Magistrate Judge Susan van Keulen for their initial appearances. /Lang (EN-US) /K 231 0 R << Pay at Theranos is significantly lower than some of its highest paying competitors, like. << /Tabs /S Theranos' mission is to make actionable information accessible to everyone at the time it matters most. Cheung said she joined the company largely on the star power of its CEO. << /K 0 81 0 obj endobj /K 164 0 R >> << Answer (1 of 7): In 2003, Elizabeth Holmes, then a sophomore studying chemical engineering at Stanford, founded a company called Real-Time Cures. /P 267 0 R /Pg 258 0 R Theranos founder Elizabeth Holmes charged with massive fraud - CNNMoney 362 0 obj /S /P /K 117 0 R Theranos founder Elizabeth Holmes arrives at San Jose court, Theranos CEO on companys blood testing system. /Lang (EN-US) x+ | /Pg 242 0 R /P 264 0 R /Lang (EN-US) Four Blind Spots at the Core of Theranos' Failure. endobj 342 0 obj << /K 30 << >> For many years, in Facebook's case, its mission statement was "To give people the power to share and make the world more open and connected". The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. /P 48 0 R endobj /Lang (EN-US) /S /P 35 0 obj /Pg 255 0 R endobj /Pg 238 0 R /Lang (EN-US) 17 [null null 204 0 R null null null 205 0 R null null null /P 33 0 R /K 196 0 R /Filter /FlateDecode 255 0 obj endobj /Pg 255 0 R >> >> /P 48 0 R /Lang (EN-US) /P 50 0 R 315 0 obj . (REUTERS/Carlo Allegri). /S /LBody 279 0 obj /P 342 0 R /Type /Page /K 5 /S /LI /P 8 0 R endobj /MediaBox [0 0 612 792] endobj << >> /MarkInfo 2 0 R /P 283 0 R endobj /Pg 239 0 R /P 319 0 R >> /S /LBody /Annots [] /Pg 244 0 R << 85 0 obj << Based in Palo Alto, CA, Theranos is a small health care company with only 100 employees and an annual revenue of $55.3M. /P 8 0 R /Resources 472 0 R >> /Parent 14 0 R /Pg 255 0 R 212 0 obj /Resources 488 0 R /Pg 238 0 R /MediaBox [0 0 612 792] 16 0 obj /S /LI >> << /K 6 218 0 obj null 110 0 R null null null 111 0 R null 112 0 R null 113 0 R /K 233 0 R endobj >> /S /LI /S /P 392 0 obj 194 0 obj /P 50 0 R Last week, Zuckerberg was back with 3,000 words . /Type /MCR /P 381 0 R 244 0 obj /K 177 0 R /P 63 0 R << /Lang (EN-US) Understanding the Theranos Scandal: 'I Make All the Decisions Here.' >> >> /Lang (EN-US) /MediaBox [0 0 612 792] >> /K 169 0 R endobj /Pg 235 0 R /S /P >> /Pg 241 0 R << /K 110 0 R /S /P << << Tim De Chant /K 22 << /S /LBody >> /S /LI null 47 0 R null null 129 0 R null null null 130 0 R null The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. /Lang (EN-US) 345 0 obj >> /P 63 0 R 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] 10 0 obj endobj /S /P 307 0 obj /Lang (EN-US) /Count 5 /S /L /Parent 5 0 R /S /P /S /P /Resources 480 0 R /Pg 245 0 R /K 145 0 R << << << >> 322 0 obj /Lang (EN-US) >> >> >> /P 59 0 R /P 8 0 R 87 0 obj /Lang (EN-US) >> << The story raised concerns about the accuracy of Theranos blood-testing technology, which put patients at risk of having conditions either misdiagnosed or ignored. Northern District of California, FOR IMMEDIATE RELEASEFriday,June 15, 2018, Elizabeth Holmes and Ramesh Sunny Balwani Are Alleged to Have Perpetrated Multi-million Dollar Schemes to Defraud Investors, Doctors, and Patients. Similarly, defendants purchased and used commercially-available analyzers to test patient blood, while representing to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers. /Pg 241 0 R /Type /Page 13 [null null 178 0 R null null null 179 0 R null null null >> /Marked true 84 0 obj 148 0 obj >> endobj Theranos (@theranos) / Twitter 260 0 obj Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Trial Opens Defense lawyers say Holmes believed the company could screen for hundreds of diseases with just a finger prick . >> >> /Underline /Span However, any sentence following conviction would be imposed by the court after consideration of the U.S. << /K 211 0 R /StructParents 18 125 0 obj /S /LI endobj endobj /Endnote /Note endobj endobj /MediaBox [0 0 612 792] 348 0 obj /S /LI /S /LBody /P 371 0 R endobj /K 3 284 0 obj Theranosonce valued at approximately $10 billionis no more. such statements undermine confidence . << << 33 0 obj /Lang (EN-US) 217 0 obj /K 17 /SourceModified (D:20180314151216) /K 189 0 R endobj But constantly focusing on a desired future state may have the effect of giving extra highlight to the positives of a distant vision at the expense of the operational challenges that are taking place in the here and now. /P 8 0 R endobj /Pg 257 0 R << endobj Mark Zuckerberg's Facebook mission statements hide his real aim endobj How did Elizabeth Holmes come up with the name "Theranos"? - Quora << endobj 347 0 obj I did not think the technology we were using was adequate enough to be engaging in that behavior.. endobj endobj /S /LBody /Pg 249 0 R >> << Toxic culture: Lessons from Theranos | Eagle Hill Consulting /K 2 /S /LI endobj /Pg 238 0 R /Tabs /S /S /LI According to the indictment returned yesterday and unsealed today, the charges stem from allegations Holmes and Balwani engaged in a multi-million dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients. endobj /Lang (EN-US) 49 0 obj /StructParents 8 /S /L >> 227 0 R null null null 228 0 R null null] << /K 134 0 R /K 10 The defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests, including the tests for calcium, chloride, potassium, bicarbonate, HIV, Hba1C, hCG, and sodium. << >> /S /P >> 153 0 obj << /K [14 389 0 R] /Annots [] /Rotate 0 >> Theranos' mission was "to make actionable health information accessible to people everywhere in the world, at the time they most need it." It was a lofty, inspiring, and valiantly unifying purpose, . /Lang (EN-US) >> /P 48 0 R /Parent 13 0 R /Parent 14 0 R endobj The defendants also represented to investors that Theranos would generate over $100 million in revenues and break even in 2014 and that Theranos expected to generate approximately $1 billion in revenues in 2015 when, in truth, the defendants knew Theranos would generate only negligible or modest revenues in 2014 and 2015. /Parent 14 0 R >> /MediaBox [0 0 612 792] /S /LI /K 156 0 R endobj The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. endobj /P 373 0 R 286 0 R 287 0 R 288 0 R 289 0 R 290 0 R 291 0 R 292 0 R 293 0 R 294 0 R 295 0 R endobj 66 0 obj /K 8 /Pg 235 0 R 57 0 obj /P 309 0 R 80 0 R 81 0 R 82 0 R] endobj 96 0 obj >> endobj /K 14 endobj /K 20 Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003. 191 0 obj << /P 311 0 R 165 0 R null null null 166 0 R null null null null 167 0 R endobj endobj That journey ended not, as it could have been, when the promises of its vision delivered their potential, but it ended when somebody, finally, brought reality into the picture. /K 198 0 R /Lang (EN-US) Getty Images. >> /P 8 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. endobj << endobj The Theranos founder intentionally deceived investors, a US . 158 0 obj endobj 199 0 obj /Lang (EN-US) << endobj /MediaBox [0 0 612 792] endobj >> /K 184 0 R /Lang (EN-US) >> endobj /K 15 /MediaBox [0 0 612 792] /K 2 /Annots [] 205 0 obj /Pg 256 0 R >> /Lang (EN-US) /Lang (EN-US) >> endobj CNN . /S /LBody 288 0 obj << /Lang (EN-US) >> /S /LBody /S /LBody ] /S /LI /K 5 267 0 obj >> /K 182 0 R endobj Acrobat PDFMaker 18 for Word << Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. endobj She pitched its technology as a cheaper way to run dozens of blood tests with just a prick of a finger and a few droplets of blood. << /CropBox [0 0 612 792] /Pg 237 0 R << endobj endstream /S /LI >> /S /L /Filter /FlateDecode /S /LBody endobj <> /Annots [] 20 0 obj 318 0 obj /S /LBody The Company's clinical laboratory offers comprehensive laboratory tests. Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. /Rotate 0 The collaborative investigative work on this case conducted by Postal Inspectors, our law enforcement partners, and the United States Attorneys Office illustrates our efforts to protect both consumers and investors., The Indictment Alleges That Doctors And Patients Were Defrauded. /MediaBox [0 0 612 792] >> /P 48 0 R >> /Pg 235 0 R >> /P 277 0 R >> /S /LI /P 63 0 R /Pg 239 0 R /Pg 236 0 R >> << <> /S /LI endobj Legal Statement. 1. /Tabs /S /Lang (EN-US) /K 10 /Contents [433 0 R 434 0 R 435 0 R] /Type /Page >> /Pg 235 0 R >> endobj /S /LI << << /S /P This material may not be published, broadcast, rewritten, or redistributed. 376 0 obj 32 0 obj >> /ParentTree 9 0 R Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. endobj >> /K 187 0 R << 93 0 obj /P 306 0 R endobj /Tabs /S /Pg 235 0 R 1349, and nine counts of wire fraud, in violation of 18 U.S.C. Elizabeth Holmes looms large on first day of Sunny Balwani's Theranos 98 0 obj /P 48 0 R >> >> << The indictment further alleges that Holmes and Balwani knew that many of their representations about the analyzer were false. /S /LBody /P 55 0 R endobj endobj 334 0 obj /P 376 0 R >> But Theranos shared very little about its blood-testing machine with the public or medical community. /Pg 252 0 R /Parent 14 0 R endobj /Pg 255 0 R /Type /MCR /P 286 0 R << endobj 78 0 obj University Mission Statement. HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! << /Lang (EN-US) /Lang (EN-US) << /S /P June 15, 2018: Theranos Founder and Former Chief Operating Officer The motion for release said that Holmes is not a flight risk and "is highly motivated to continue complying with her conditions of release sothat she can work with her lawyers while she pursues her appeal.". 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R /K 131 0 R >> /P 54 0 R >> /Lang (EN-US) endobj 172 0 obj >> /Pg 235 0 R /P 291 0 R >> 231 0 obj Theranos' mission: a blood test requiring only a pinprick of blood, enough to run dozens of medical tests on the startup's hi-tech machines. It became evident that audited financial statements hadn't been prepared since 2009. >> /P 50 0 R 306 0 obj For example, with respect to investors, defendants performed technology demonstrations during which defendants intended to cause potential investors to believe blood tests were being conducted on Theranoss proprietary analyzer when, in fact, the analyzer really was running a null protocol and was not testing the potential investors blood. /S /LBody Working At Theranos: Employee Reviews And Culture - Zippia >> Palo Alto, United States August 18, 2016: Elizabeth Holmes accepts The Entrepreneur award at, the 25th Annual Glamour Women of the Year Awards on Nov. 9, 2015, in New York. << /K 142 0 R /Pg 258 0 R Holmes was found guilty on four felony fraud counts associated with a loss to victims of at least $120 million. Holmes will head to trial starting Aug. 4, and Balwani will be tried afterthe conclusion of Holmes case, Bloomberg reported. endobj It was not only motivated blindness that may have triggered the slippery slope of unethical conduct at Theranos. << Holmes faces up to 20 years in prison. Anyone who engages in deceptive practices should know they will not go undetected and will be held accountable. What is Theranos? | Fox Business /Pg 248 0 R If convicted, the defendants face a maximum sentence of twenty (20) years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count. /K 200 0 R /Lang (EN-US) /P 55 0 R /Lang (EN-US) /P 8 0 R << << /S /P 208 0 obj >> /MediaBox [0 0 612 792] /P 50 0 R /P 8 0 R /Pg 240 0 R /Annots [] >> /Pg 237 0 R /K 21 /A 259 0 R A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. But what may be less intuitive is the effect that such optimism likely had on the ability of the companys senior leadership to consider the implications of their decisions and following actions. << 89 0 obj << The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. The Spectacular Rise and Fall of Elizabeth Holmes and Theranos /Lang (EN-US) /K 47 >> endobj >> /K 14 /Resources 444 0 R /K 141 0 R << /Rotate 0 374 0 obj /P 44 0 R /Lang (EN-US) She had a strong sense of conviction to her mission., Cheung quit after seven months on the job and filed a whistleblower complaint with the Centers for Medicare and Medicaid Services, alleging that the company used expired lab supplies for tests run on its proprietary Edison testing devices, which themselves had major stability, precision, and accuracy problems., I was uncomfortable processing patient samples, she said. /K 126 0 R /S /LI 247 0 obj /Lang (EN-US) /K 6 >> /StructParents 0 >> /Pg 241 0 R /Pg 257 0 R /Rotate 0 34 0 obj Researchshows that unethical conduct is more likely when people are tempted with the opportunity to cheat on behalf of a good cause, and that cheaters may feel more at ease with their own behavior if they cheat on behalf of the common good. << <> 46 0 obj 353 0 obj endobj 31 0 obj /P 380 0 R /Kids [235 0 R 236 0 R 237 0 R 238 0 R 239 0 R] /P 313 0 R << /S /LI /MCID 2 /K 11 << endobj 69 0 obj /K 32 << /Lang (EN-US) 2023 FOX News Network, LLC. /P 8 0 R /StructParents 20 >> /Lang (EN-US) /Lang (EN-US) /Pg 247 0 R /K 24 The Seattle-based coffee giant originated in 1971 and has since become ubiquitous around the world. 199 0 R null null] 188 0 R null null null 189 0 R null null null 190 0 R null /P 48 0 R /K 6 /S /P /Pg 252 0 R 357 0 obj stream /P 48 0 R endobj /K 2 /StructParents 13 They cite a one-way plane ticket to Mexico she booked for Jan. 26, 2022, three weeksafter her conviction onfour counts of fraud and conspiracy. /P 381 0 R /K 10 /Pg 238 0 R /S /L endobj << /Lang (DE-DE) << /P 8 0 R << /S /LI << Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." 28 0 obj << /K 21 /P 310 0 R The indictment alleges Holmes and Balwani defrauded doctors and patients by making false claims concerning Theranoss ability to provide accurate, fast, reliable, and cheap blood tests and test results, and through omissions concerning the limits of and problems with Theranoss technologies. /Pg 236 0 R /S /LI /CropBox [0 0 612 792] This is how Theranos's huge valuation was birthed and where a critical legal problem lies. >> /S /LI /Lang (EN-US) >> /CropBox [0 0 612 792] /Annots [] << endobj >> How to run amok with $900M of VC funding >> /K 186 0 R << /S /P 211 0 obj /CropBox [0 0 612 792] endobj $12,600 to the Democratic Party. << /S /P /MCID 2 /P 279 0 R >> << >> /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 /S /LBody /Resources 412 0 R While working at Theranos, Cheung sent an email to others in the company, sharing her concerns about the Edison machines. /Lang (EN-US) << /MediaBox [0 0 612 792] << 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. /S /LI /K 175 0 R 133 0 R null null null 134 0 R null null null 135 0 R null endobj /P 356 0 R 272 0 obj In the end, the innovations Theranos was after were not only meant for its own success but to secure a better future for millions of people. >> /Type /Pages 108 0 obj << /Lang (EN-US) /S /P endobj /S /LBody 210 0 obj /P 375 0 R endobj Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. /P 50 0 R /P 8 0 R Theranos competitors include TED, Bloomberg, HuffPost, National Journal, Washington Plaza Hot, Morgan Stanley, Newsweek.

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