Theranos founder Elizabeth Holmes on trial as jury choice begins

Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the US District Court House in San Jose, California.

Enlarge / Elizabeth Holmes, founder and former CEO of Theranos, arrives for movement listening to on Monday, November 4, 2019, on the US District Court docket Home in San Jose, California. (credit score: Getty | Yichuan Cao)

Almost a decade in the past, Theranos touted a revolutionary diagnostic machine that would run myriad medical assessments with out having to attract blood by a needle. At present, the startup’s founder, Elizabeth Holmes, goes to courtroom, the place she’s going through 12 prison counts for statements she made to traders and customers about her firm’s know-how.

Holmes based Theranos in 2003 after dropping out of Stanford College on the age of 19. Pushed by her phobia of needles, Holmes wished to create diagnostic assessments that use blood from finger pricks reasonably than from needles. The thought caught on, attracting well-connected board members like Henry Kissinger and James Mattis, drawing over $400 million in investments from rich traders together with Larry Ellison and Rupert Murdoch, and securing profitable partnerships with Walgreens and Safeway. At its peak, Theranos was price over $9 billion.

However Theranos’ fantasy began unwinding in 2015 when a Wall Avenue Journal investigation revealed that the corporate had been performing most of its assessments on conventional blood diagnostic machines reasonably than its personal “Einstein” machine. The corporate’s personal staff doubted the machine’s accuracy.

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