Theranos
Violated
Catastrophic
Primary evidence
Financial
Holmes: Theranos can run hundreds of tests on a finger-prick of blood
Made 2014-09-08 · Audience: Investors
The promise
“We've made it possible to run any combination of tests, including sets of follow-on tests, very quickly, all from a single micro-sample. … Tests run on samples as small as a few drops of blood, taken from a tiny finger-stick.”
Theranos repeatedly told investors and the press that its proprietary 'Edison' device could run hundreds of clinical tests on a single drop of blood. A 2015 Wall Street Journal investigation revealed the company was running the vast majority of tests on conventional third-party machines. Founder Elizabeth Holmes was later convicted of fraud.
What actually happened (2 sourced violations)
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#1
2015-10-15
402 days later
primary evidence
Wall Street Journal investigation reveals Theranos performed only a handful of its 240 tests using the proprietary device; the rest ran on standard commercial analysers.
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#2
2022-11-18
2,993 days later
primary evidence
Elizabeth Holmes convicted on four counts of investor fraud; sentenced to over 11 years in prison.
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