theranos mission statement

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theranos mission statement

endobj endobj /Subscript /Span << >> /S /LI According to Temporal Construal Theory, a compelling, unfulfilled mission can trigger this type of operational myopia. They are also attracted by the fact that behind the innovation and entrepreneurship are rules of law that require honesty, fair play, and transparency. 307 0 obj The False Promise of Silicon Valley's Quest to Save the World endobj /K [26 383 0 R] 296 0 obj Another Theranos Trial Begins, This Time Without the Fanfare 153 0 obj >> 93 0 R] /K 47 endobj 58 0 obj >> During the trial Holmes accused her ex-boyfriend and business partner, Ramesh "Sunny" Balwani, of emotional and sexual abuse at the time of the alleged crimes, impairing her mental state. /P 334 0 R >> endobj /K 0 /S /LBody /P 23 0 R /S /LBody /S /LI endobj << 227 0 obj 315 0 obj /K 2 << 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. /S /P << 55 0 obj endobj /S /LBody << >> /Parent 12 0 R Tech workers are using company mission statements to hold their CEOs accountable. << << endobj Specifically, the defendants claimed that Theranos developed a revolutionary and proprietary analyzer that the defendants referred to by various names, including as the TSPU, Edison, or minilab. /P 369 0 R >> << /P 59 0 R endobj /K 22 47 0 obj /Pg 235 0 R /S /LBody << /Pg 257 0 R /P 267 0 R 206 0 R null null null 207 0 R null null null 208 0 R null /Annots [] /Tabs /S /Tabs /S 7 0 obj /K 390 0 R /Lang (EN-US) /Lang (DE-DE) /P 374 0 R /K 184 0 R << endobj The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. /StructParents 19 >> 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 uuid:08e7f9c5-06b3-4447-b9e6-d8f448ec8b85 /S /P /P 50 0 R /MediaBox [0 0 612 792] endobj 294 0 obj Early on, experts inside and outside of the company questioned the technology. << /K 212 0 R << /Type /Page 40 0 obj According to The Associated Press, the Journals investigation marked the beginning of the end of Theranos. endobj 217 0 obj >> >> Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary << /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 /Pg 243 0 R /Parent 14 0 R 92 0 obj /P 354 0 R << /S /P << 371 0 obj /K 22 /S /LI 277 0 obj endobj /S /LBody /Pg 248 0 R << << 224 0 obj The company spent over $150,000 surveilling her and another whistleblower. /K 17 15 [null null 192 0 R null null null 193 0 R null null null /Tabs /S /S /P 74 0 obj 253 0 obj /Pg 242 0 R /Metadata 4 0 R /P 8 0 R /S /LI 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. << endobj /K [15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R 308 0 obj 83 0 obj stream /CropBox [0 0 612 792] << /Lang (EN-US) 286 0 obj /S /LBody >> . /P 380 0 R endobj /Lang (EN-US) 314 0 R 315 0 R 316 0 R 317 0 R 318 0 R 319 0 R 320 0 R 321 0 R 322 0 R 323 0 R >> endobj << /K 8 endobj /P 54 0 R /S /Table ] << << Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." 146 0 obj >> /Underline /Span endobj /Pg 249 0 R /P 8 0 R endobj endobj /Lang (EN-US) null null 127 0 R null null 45 0 R null null 128 0 R null /P 50 0 R /Lang (EN-US) /P 50 0 R /P 50 0 R /Pg 258 0 R /Pg 245 0 R /K 14 << /P 8 0 R Mr. Balwani's lawyer started his opening statement by deflecting blame onto Ms. Holmes, who was the chief executive of Theranos. << 12 0 obj /Pg 242 0 R endobj << << /Pg 237 0 R Whistleblower and former Theranos lab tech Erika Cheung. 33 0 obj /P 8 0 R << << << 34 0 obj /S /L >> Four years after the top two Theranos executives, Elizabeth Holmes and Ramesh "Sunny" Balwani, were first indicted together on a dozen federal fraud charges stemming from their time . 10 [null null 163 0 R null null null 164 0 R null null null /S /P /Rotate 0 While some are vague affirmations, others can sharpen employees' minds and give them a sense of identity and belonging. endobj such statements undermine confidence . endobj endobj 59 0 obj /P 48 0 R Elizabeth Holmes verdict: researchers share lessons for science - Nature /P 51 0 R % /Type /Page 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] /K 7 << According to a statement from the SEC, "Theranos, Holmes, and Balwani made numerous false and misleading statements in investor presentations, product demonstrations, and media articles by which they deceived investors into believing that its key productcould conduct comprehensive blood tests from finger drops of blood, revolutionizing the . While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. << /Pg 258 0 R However, any sentence following conviction would be imposed by the court after consideration of the U.S. /S /LBody For the small private firm, the publically traded company or the large enterprise vision, effort and determination needs to be firmly tied to the track - compliance. /Pg 252 0 R << endobj /Tabs /S << /S /LI >> >> << /P 40 0 R endobj /P 8 0 R /S /P 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. << endobj << /Lang (EN-US) CNMN Collection /P 51 0 R /StructParents 9 /Lang (EN-US) << /CropBox [0 0 612 792] >> /K 9 /K 2 /Lang (EN-US) /Annots [] As years went by, whenever employees or experts raised warnings . >> /K 4 >> /Strikeout /Span 188 0 R null null null 189 0 R null null null 190 0 R null /Tabs /S Elizabeth Holmes is the founder and former CEO of Theranos (2003-2018), a company that created and distributed blood testing devices. 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. 154 0 obj endobj endobj 93 0 obj /K 11 262 0 obj With << To conduct any kind of research for any company in any industry. >> THERANOS FOUNDER ELIZABETH HOLMES IN COURT; ANATOMY OF A FRAUD. /K 205 0 R /Annots [] >> Theranos: Vision, Effort - No Compliance Ends with DOJ, SEC The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. 152 0 obj /Pg 256 0 R /P 8 0 R << HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! /Resources 424 0 R /S /LI 263 0 obj 87 0 obj /CropBox [0 0 612 792] /Pg 238 0 R /Type /MCR /S /LBody /Lang (EN-US) /Lang (EN-US) /StructParents 3 << /P 8 0 R /CropBox [0 0 612 792] endobj 150 0 obj /K 16 endobj /Resources 408 0 R null 49 0 R null null 157 0 R null null] << << >> 2. Mirage or Vision? Four Blind Spots at the Core of Theranos' Failure /Pg 235 0 R /Pg 255 0 R /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] /Lang (EN-US) The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. /S /LBody /Resources 484 0 R endobj /K [22 386 0 R] endobj /P 380 0 R /P 378 0 R << /P 54 0 R 225 0 obj /P 50 0 R The indictment further alleges that Holmes and Balwani knew that many of their representations about the analyzer were false. /S /LI /Pg 257 0 R /P 59 0 R >> /Parent 11 0 R /K 9 /P 50 0 R << Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. /Lang (EN-US) /Pg 237 0 R 264 0 obj 159 0 R null null null 160 0 R null null null 161 0 R null /Pg 247 0 R /Pg 235 0 R endobj endobj /S /LI /Pg 236 0 R 171 0 obj endobj /S /P /Lang (EN-US) << >> >> /K 18 endobj /P 50 0 R 260 0 obj >> >> /P 8 0 R null null 136 0 R null null null 137 0 R null null] << endobj The defendants claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick. << /K 10 endobj >> /Tabs /S << endobj /Lang (EN-US) /K 146 0 R endobj /S /L 377 0 obj 2018-03-14T09:02:10-07:00 /K 22 endobj /Lang (EN-US) /K 199 0 R 340 0 obj 160 0 obj /K 12 The Company's clinical laboratory offers comprehensive laboratory tests. /S /P /K 2 /Type /Page /P 8 0 R /P 307 0 R 37 0 obj >> And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. /Lang (EN-US) /P 8 0 R Elizabeth Holmes, the infamous biotech chief executive who promised to revolutionize blood testing, has been found guilty of fraud. Holmes dropped out of Stanford University at 19 to found Theranos in 2003. << /Contents [429 0 R 430 0 R 431 0 R] 189 0 obj /S /LI endobj /Pg 256 0 R endobj endobj >> << >> /Pg 246 0 R /K 6 /S /LI /Lang (EN-US) << endobj : Sign up for our trending newsletter to get the latest news, This article originally appeared on USA TODAY: Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, American businessperson; a subject of an SEC investigation, the failed Silicon Valley startup that sought to revolutionize blood testing, Student accused of attacking teacher's aide over Nintendo Switch, Optimism of US consumers declined in February, reflecting fears of a recession, her conviction onfour counts of fraud and conspiracy, Sign up for our trending newsletter to get the latest news, Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, Kellyanne Conway, George Conway To Divorce After Decadeslong Marriage: Report, Reports: 3 children dead, 2 wounded in attack at Texas home, 'Extremely dangerous': Spike in illegal crossings at Canada-Vermont border has feds sounding alarm, School punished teen girl for working out in sports bra in 100-degree Texas heat, ACLU says, Republicans Use Arcane Political Tactic to Thwart Democrats, I Wore Katie Holmes Go-To Bag Trend for a Week, and I Finally Get the Appeal, Alex Murdaugh sentenced to life in prison for murders of wife and son, NBA Player Richaun Holmes Sues Sacramento Bee Parent for Defamation, Murdaugh defense vows appeal, even to Supreme Court, Alex Murdaugh sentenced to life in prison. /S /LI /P 48 0 R Claim This Company. 69 0 obj Who is Elizabeth Holmes and what did she do? - USA TODAY /CropBox [0 0 612 792] >> /K 14 /P 296 0 R endobj >> >> /Pg 238 0 R << In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. endobj /K 22 /Pg 235 0 R 18 [null null 209 0 R null null null 210 0 R null null null 174 0 obj 301 0 obj /P 342 0 R Theranos has established itself as a great place to work in California, and it is number 17 on Zippia's list of, The average employee at Theranos makes $44,094 per year. /K 10 /S /LBody /S /LBody << 176 0 R null null null 177 0 R null null null 178 0 R null >> /Lang (EN-US) /K 122 0 R Theranos Flashcards | Quizlet << /P 381 0 R 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. 381 0 obj 244 0 obj /Pg 235 0 R /S /LI Holmes, at one point the nations youngest self-made female billionaire, and her former chief operating officer Ramesh Balwani, were indicted by federal prosecutors in June 2018 and charged with two counts conspiracy to commit wire fraud and nine counts of wire fraud each. << 240 0 obj null null 225 0 R null null null 226 0 R null null null >> /S /LI << >> /P 8 0 R /K 118 0 R 309 0 obj /Lang (EN-US) /S /LBody 36 0 obj Balwani . /S /LI 104 0 obj >> >> /S /LI << >> /P 263 0 R /Lang (EN-US) endobj /K 200 0 R Theranos, Inc. is a consumer health technology company founded in 2003 by Elizabeth Holmes. >> /Tabs /S >> /S /LI << /K 150 0 R << /Lang (EN-US) /S /LBody /Pg 250 0 R 232 0 obj /PageLayout /OneColumn /TextBox /Art /P 380 0 R endobj /K 18 22 0 obj /K [105 0 R 106 0 R 107 0 R 108 0 R 109 0 R] /Lang (EN-US) << /K 5 endstream endobj endobj 7 [null null 147 0 R null null null 148 0 R null null null /S /LBody 268 0 obj THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. /Type /Page /DropCap /Figure 80 0 R 81 0 R 82 0 R] /Pg 244 0 R endobj << endobj /Lang (EN-US) endobj Theranos went on to issue private stock in six rounds between 2014 and 2015, starting at 17 cents per share and ending at $17 per share, according to a document explained by Yam, with investors . >> /Contents [441 0 R 442 0 R 443 0 R] /Resources 440 0 R The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. /P 8 0 R >> << >> /P 33 0 R >> /Lang (EN-US) 195 0 obj /Tabs /S /Type /Page /Pg 256 0 R /K 124 0 R /K 6 /S /LI /Lang (EN-US) >> /P 380 0 R /S /P endobj >> The mission statement of Theranos is stated as, "To make actionable information accessible to everyone at the time that it matters". 142 0 obj /P 266 0 R >> 352 0 obj endobj endobj >> Powered and implemented byFactSet Digital Solutions. /CropBox [0 0 612 792] >> << endobj /P 8 0 R >> University Mission Statement. /Parent 14 0 R /Lang (EN-US) /Pg 252 0 R 364 0 obj endobj endobj /SourceModified (D:20180314151216) We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. 141 0 obj 8 0 obj Help us make this company more transparent. /P 8 0 R 168 0 obj /Pg 251 0 R /S /LI endobj /S /LI /Pg 242 0 R endobj endobj /S /LI /K 12 /Resources 448 0 R >> /K 221 0 R endobj /P 8 0 R >> /K 6 According to the March 2018 statement from the SEC, Theranos, . /Pg 240 0 R endobj /S /LI /P 50 0 R /Annots [] 341 0 obj /RoleMap 7 0 R /P 380 0 R Elizabeth Holmes' trial begins with opening statements - CNN /Pg 241 0 R /P 330 0 R << 192 0 obj After Cheung went to the federal government, Theranos hired a private detective to spy on her, according to court documents released last week. /CropBox [0 0 612 792] 56 0 obj 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R 83 0 R 84 0 R Heinz and Kraft Foods. >> /Resources 416 0 R /P 51 0 R 99 0 obj >> << In reality, Theranos couldn't perform more than 12 tests on its Edison devices, former lab . endobj /K 158 0 R endobj /S /P /Pg 251 0 R >> OUR MISSION listen to our readers and cover the topics that matter to them . /Annots [] << /S /LBody /K 18 /P 305 0 R /Contents [497 0 R 498 0 R 499 0 R] /S /LBody /P 365 0 R /K 10 /Contents [453 0 R 454 0 R 455 0 R] /Lang (EN-US) >> /K 2 << /P 8 0 R Photographer: David Paul Morris/Bloomberg *** Local Caption *** Elizabeth Holmes. Hot Startup Theranos Has Struggled With Its Blood-Test Technology /K 174 0 R Theranos was a blood testing company based in Palo Alto and Newark, Calif. Holmes used a combination of direct communications, marketing materials, statements to the media, financial statements . << /Lang (EN-US) 314 0 obj >> [2] This was done through a medical device called a nanotainer, which drew, retained, and analyzed mere droplets of blood from the patient's fingertip and . 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. /Lang (DE-DE) /P 48 0 R /P 48 0 R /K 159 0 R 198 0 obj << 57 0 R 58 0 R null null 223 0 R null null null 224 0 R null /CropBox [0 0 612 792] << /P 331 0 R /Pg 239 0 R /Annots [] /S /P /P 8 0 R /S /L /Pg 235 0 R << /MediaBox [0 0 612 792] << /Lang (EN-US) 392 0 obj /P 8 0 R /Lang (EN-US) Those biases can be understood as the blindness brought about by what seems preeminently important, the righteousness generated by what sounds inherently right, the operational myopia triggered by what is situated far away from us and the sense of potency derived from endeavoring to create something new. /P 8 0 R >> /K 144 0 R 110 0 obj >> 379 0 obj /K 161 0 R The boundless part of her visioning deserves extra attention. /P 272 0 R endobj Claiming and updating your company profile on Zippia is free and easy. 1. /Count 5 >> /S /P /K 193 0 R >> /Lang (EN-US) /S /LI /Length 10 0 R /K 0 Investors who put a total of $632 million into Theranos in its latest funding round from 2014 to 2015 included " Rupert Murdoch and family-controlled Cox Enterprises Inc., -- [Cox family holdings . >> << /CropBox [0 0 612 792] /Pg 255 0 R /Lang (EN-US) /Lang (EN-US) /MCID 2 /Pg 237 0 R She had a charisma to her; she was very articulate,Cheung saidof Holmes. In court documents, federal prosecutors have said Holmes is a flight risk. 350 0 obj /Lang (EN-US) >> Mission statements, where crafted and utilized effectively, have been proven to drive billions of dollars in corporate value. /K 201 0 R /K 129 0 R 378 0 obj /S /P 20 0 obj Elizabeth Holmes looms large on first day of Sunny Balwani's Theranos /Pg 235 0 R /Lang (EN-US) << /Pg 258 0 R >> Help other job seekers by rating Theranos. 123 0 R null null null 124 0 R null null] /Type /Pages endobj endobj >> /S /P /Rotate 0 /K 16 endobj >> << /S /LBody >> >> << 355 0 obj /MediaBox [0 0 612 792] /S /P >> endobj endobj 325 0 obj endobj /Pg 239 0 R /S /LBody /Lang (EN-US) It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. >> /MediaBox [0 0 612 792] 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 /Pg 253 0 R /Tabs /S /Tabs /S << x+ | 140 0 obj endobj endobj At the time, Holmes, 39,was a mother of a 1-year-old son and pregnant with another child. /Pg 251 0 R endobj /P 351 0 R /K 2 -mission statement: to make actionable information accessible to everyone at the time it matters. /S /LI /P 308 0 R Have you worked at Theranos? endobj >> << /P 312 0 R /K [8 94 0 R] 194 0 R null null null 195 0 R null null null 196 0 R null >> /S /LBody /Lang (EN-US) endobj endobj /Contents [398 0 R 399 0 R 400 0 R 401 0 R 402 0 R 403 0 R 404 0 R 405 0 R 406 0 R 407 0 R] /K 119 0 R 389 0 obj 287 0 obj /P 260 0 R endobj /K [28 394 0 R] /K 16 In fact, Yam relied heavily on Holmes for financial projections. << Around the time that Theranos was losing nearly $2 million per week, investors in the blood-testing startup were being told that the company would soon be bringing in almost $1 billion per year. endobj << /S /LBody /K 6 !xRnE1$g9`8\\5g1^"z+. /P 376 0 R /O /Layout /K 1 << What's everyone talking about? 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, . /S /LBody /ParentTreeNextKey 24 /Annots [] 2023 Cond Nast. >> << 357 0 obj /S /LBody /S /LI Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. << >> 261 0 obj /Pg 248 0 R 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. /P 50 0 R /MediaBox [0 0 612 792] /S /P << << 305 0 obj endobj << 216 0 obj /K 21 /Pg 241 0 R 383 0 obj /Annots [] The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. /S /L endobj /P 293 0 R /Lang (EN-US) /S /LBody emblazoned in block capitals in the Theranos lobby, was 'Do or do not. << << /P 360 0 R /Pg 235 0 R Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. Yam said she had never seen the document before, nor did she know where those numbers had come from. >> << /StructParents 10 103 0 obj /MediaBox [0 0 612 792] /Pg 235 0 R >> Investors have poured more than $400 million into Theranos, valuing it at $9 billion and her majority stake at more than half that. endobj /S /P /P 48 0 R << /Lang (EN-US) /S /LBody 156 0 obj /Tabs /S endobj >> /Lang (EN-US) 273 0 obj endobj /K 4 endobj endobj >> The Theranos founder intentionally deceived investors, a US . 278 0 obj endobj The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. /Annots [] /Lang (EN-US) /StructParents 7 /P 63 0 R /K 10 endobj /Lang (EN-US) endobj /S /LI /S /L >> Theranos representeda potential disruptor to costly and quasi-monopolistic healthcare players that would help people get the right cure at the right time. There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. Holmes said she was inspired to start the company in response to her fear of needles. endobj /Tabs /S /P 297 0 R 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.". /P 335 0 R /Pg 256 0 R << Theranosonce valued at approximately $10 billionis no more. /Pg 257 0 R 1 endobj /P 63 0 R /Lang (EN-US) /K 228 0 R There were . 203 0 obj /Lang (EN-US) /Parent 14 0 R /K 22 /K 27 /StructParents 1 >> 1. /K 30 /Contents [481 0 R 482 0 R 483 0 R] /K 25 /K 8 endobj 299 0 obj /Parent 13 0 R 114 0 obj << /S /LI /Type /Pages The effects of cheating in the service of good are not only treacherous for those who cheat, but also for those who interact and deal with the cheaters. endobj /P 324 0 R /StructParents 18 >> /S /P /P 55 0 R 280 0 obj 109 0 obj /P 268 0 R >> /K 164 0 R /P 48 0 R /Annots [] Theranos took shortcuts as blood-testing technology failed, prosecutors /Annots [] After asking questions about Theranos continued losses and lack of revenue, prosecutors showed Yam a document they said was shared with investors; it projected $140 million in revenue in 2014 and $990 million in 2015. endobj /K [273 0 R 274 0 R] /P 40 0 R endobj It's unclear . /Type /Page << But in February, the pair had a number of charges dropped, excluding wire fraud. 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. /P 329 0 R >> /Lang (EN-US) endobj /P 59 0 R John Carreyrou writes the story of a gifted 19-year-old who founded a health . << 201 0 obj /Pg 235 0 R endobj endobj 129 0 obj endobj /P 8 0 R /S /P /K 22 3 min read. 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. 390 0 obj /K 19 endobj /P 326 0 R /P 48 0 R /S /LBody 30 0 obj /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 8 0 R /CreationDate (D:20180314084127-07'00') >> << >> << << /K 30 /Pg 235 0 R None of the information on this page has been provided or approved by Theranos. 4 0 obj 248 0 obj Holmes unflappability may have made it difficult for Theranos board members and prospective clients to raise or press on with the right questions at the right time. endobj The University recognizes the importance of its location in New York City and . /K 197 0 R /S /LBody << /Lang (EN-US) 310 0 obj 173 0 obj endobj endobj endobj /Lang (EN-US) /P 8 0 R 38 0 obj endobj >> endobj 84 0 obj << << 196 0 obj 180 0 obj /K 9 /K 208 0 R /P 8 0 R endobj << endobj >> /S /P /K 0 >> /S /LI /Contents [461 0 R 462 0 R 463 0 R] endobj /S /LI endobj >> /S /LI /K 196 0 R /Contents [409 0 R 410 0 R 411 0 R] /S /LBody >> 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. /Pg 246 0 R endobj endobj endobj /Tabs /S >> Answer (1 of 7): In 2003, Elizabeth Holmes, then a sophomore studying chemical engineering at Stanford, founded a company called Real-Time Cures. 177 0 obj /Pg 245 0 R /Pg 235 0 R /P 50 0 R The defendants are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. /S /LI >> The extraordinary entrepreneur on Fortune's June cover explains her mission and opportunity aheadWant to see more Fortune Video? /K 152 0 R 42 0 obj /Pg 258 0 R << /S /P 31 0 obj Entrepreneurship lives in the realm of threading between the present and the future. /StructParents 14 /P 303 0 R << << Theranos - Wikipedia /P 375 0 R /P 275 0 R /Pg 257 0 R << /Annots [] /Pg 254 0 R When he sentenced Holmes, U.S. District Judge Edward Davila pushed to April 27 her report date to a prison in Byron, Texas, so she could give birth to her second child before being incarcerated. The rise and fall of Theranos: A timeline - CNN /S /LBody /Pg 248 0 R >> << /P 362 0 R 191 0 obj /S /LI /K 3 /S /LI /S /LBody >> << /S /LBody /P 364 0 R /Pg 235 0 R /K 229 0 R /Pg 257 0 R /Pg 257 0 R The Spectacular Rise and Fall of Elizabeth Holmes and Theranos /K 38 /Tabs /S /Lang (EN-US) 291 0 obj /Pg 247 0 R /S /LBody endobj The Trial of Theranos's Elizabeth Holmes Opens endobj /P 8 0 R 334 0 obj /Resources 488 0 R 369 0 obj endobj null null 220 0 R null null null 221 0 R null null] /Count 9 These detailed accounts show a pattern of behaviors consistent with a distorted motivational and cognitive state. Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. How Mission Statements Have Created Billions in Value | Toptal >> Elizabeth Holmes finishes testifying in Theranos trial - The Washington 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 << >> /Lang (EN-US) /K 7 /Type /Page >> /P 42 0 R /K 17 /S /LI 317 0 obj /Lang (EN-US) >> >> endobj >> 304 0 obj /CropBox [0 0 612 792] << /K 153 0 R /K 275 0 R /Lang (EN-US) Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. /K 37 >> endobj endobj << /CropBox [0 0 612 792] In opening statements, a federal prosecutor depicted Balwani as an instrumental accomplice who helped Holmes pull off a huge scam tied to Theranos' blood-testing technology. Mission Statement. << /Parent 11 0 R /Pg 253 0 R endobj /S /LI >> Theranos is a consumer healthcare technology company. >> Legal Statement. << Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". << They proposed revoking the companys license to test human specimens. /P 380 0 R /CropBox [0 0 612 792] /Resources 456 0 R Answer 1. >> << << 359 0 obj /P 8 0 R /K 14 /K 24 289 0 obj 311 0 obj /K 209 0 R /S /P /Lang (EN-US) /K 1 >> endobj /P 48 0 R endobj Holmes fostered a culture of fear because it served her needs. 373 0 obj 66 0 obj /K 10 >> /S /LBody << /S /LBody << /S /LI << << endobj /Rotate 0 /Lang (EN-US) /P 368 0 R It was not only motivated blindness that may have triggered the slippery slope of unethical conduct at Theranos. /Pg 247 0 R 61 0 obj /StructParents 23 A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. Here's What Happened in Week 1 of Elizabeth Holmes' Theranos Trial