theranos mission statement

2 [null null 119 0 R null null null 120 0 R null null 41 0 R /StructParents 8 >> >> << >> /S /P /Lang (EN-US) /Rotate 0 /K 208 0 R endobj If convicted, they could each face maximum penalties of 20 years in prisona $2.75 million fine and possiblyrestitution, the Department of Justice said. endobj /P 8 0 R >> << /K 196 0 R endobj endobj /P 42 0 R endobj Ms. Holmes's lawyers have said the entrepreneur dedicated 15 years to Theranos's mission and her only crime was having a startup that failed, as so many do >> /K 143 0 R endobj >> << /K 14 >> >> 28 0 obj >> /K 182 0 R /K 205 0 R 40 0 obj /Filter /FlateDecode We all knew it was coming. /P 8 0 R /S /L /S /LBody /S /LBody <> >> /K 180 0 R 349 0 obj endobj 95 0 obj << endobj /Lang (EN-US) >> << endobj >> Here's Robert Leach, assistant U.S. attorney, who is prosecuting the case against Holmes: "This is a case about fraud, about lying and cheating to get money," Leach says. /S /LBody /P 378 0 R /Contents [461 0 R 462 0 R 463 0 R] >> endobj /P 294 0 R >> endobj << /K 185 0 R endobj /P 48 0 R /K [8 94 0 R] Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. endobj >> /Rotate 0 endobj /Parent 14 0 R /S /LI Recalls, Market Withdrawals and Safety Alerts, Inspections, Compliance, Enforcement, and Criminal Investigations, June 15, 2018: Theranos Founder and Former Chief Operating Officer Charged in Alleged Wire Fraud Schemes. >> In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon Valley startup that sought to revolutionize blood testing. /K 232 0 R /K 153 0 R /K 145 0 R /Pg 255 0 R /K 6 3 0 obj >> The Theranos HSV-1 IgG Assay is for use with the Theranos System which performs automated sample processing steps and result analysis. /K 30 endobj /K 10 180 0 R null null null 181 0 R null null null 182 0 R null endobj >> endobj << 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. /S /LBody null] endobj /K 18 >> Answer 1. >> /Pg 255 0 R /Parent 14 0 R <> 159 0 R null null null 160 0 R null null null 161 0 R null >> /Lang (EN-US) >> 231 0 obj /TextBox /Art >> /K 189 0 R >> /Lang (EN-US) << << 235 0 obj /Lang (EN-US) There is no try', stolen from . /Pg 239 0 R At times during that period, Balwani worked in several capacities including as a member of the companys board of directors, as its president, and as its chief operating officer. 373 0 obj /Lang (EN-US) endobj /S /LBody << >> 115 0 obj >> 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 /S /P << endobj /RoleMap 7 0 R << >> /Pg 241 0 R /P 283 0 R 125 0 obj /K 197 0 R 70 0 obj /MediaBox [0 0 612 792] /P 51 0 R endobj Mr. Balwani's lawyer started his opening statement by deflecting blame onto Ms. Holmes, who was the chief executive of Theranos. >> /P 348 0 R >> /Pg 238 0 R >> << null null 191 0 R null null null 192 0 R null null] 285 0 obj >> /K 390 0 R 217 0 R null null null 218 0 R null null null 219 0 R null << /S /LBody /Pg 235 0 R 178 0 obj /Resources 452 0 R endobj /Pg 257 0 R 126 0 obj << 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. endobj Brian Grossman had 20 years of experience in the healthcare space but his firm, PFM Health Sciences, invested $96 . << << /K 28 /StructParents 5 7 [null null 147 0 R null null null 148 0 R null null null /Pg 235 0 R /S /L /P 8 0 R >> endobj 107 0 obj >> The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. >> /S /LBody /Lang (EN-US) /S /LBody /Lang (EN-US) /P 8 0 R /K 122 0 R /Lang (EN-US) 269 0 obj /Lang (EN-US) /P 54 0 R /K 22 << /Contents [481 0 R 482 0 R 483 0 R] /S /P << >> endobj 260 0 obj /S /LBody endobj 185 0 obj 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. << A March 17 hearing is scheduled on her request to stay out of prison during her appeal. endobj >> /Type /Page /K 14 /P 291 0 R /P 8 0 R 87 0 obj /Endnote /Note /S /LBody /Type /Page Initially she funded Real-Time Cures with her co. /S /LI endobj Join the Ars Orbital Transmission mailing list to get weekly updates delivered to your inbox. Mutual Fund and ETF data provided byRefinitiv Lipper. 281 0 obj /K 218 0 R /S /P /Parent 5 0 R << /S /LBody 39 0 obj /Parent 13 0 R /Lang (EN-US) endobj /K [380 0 R 381 0 R] /K 22 /StructParents 16 /Lang (EN-US) >> /K 142 0 R 122 0 obj /Annots [] << << Theranos Inc. (/ r. /S /LBody Holmes rocketed to Silicon Valley stardom nearly a decade ago when she started speaking publicly about Theranos's vision a small . 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 . /P 281 0 R Its unclear whether Theranos rise and fall will turn out to be a dazzling mirage of would-be business greatness, one of the most infamous stories of corporate fraud in the 21st century, or, an ironic reminder of the inescapable weakness of biased decision-making. >> >> 2. /P 272 0 R << /S /LI << The .gov means its official.Federal government websites often end in .gov or .mil. /Lang (EN-US) Photographer: David Paul Morris/Bloomberg *** Local Caption *** Elizabeth Holmes. 57 0 obj The defendants claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick. /S /LI /P 336 0 R Theranos founder Elizabeth Holmes "lied and cheated" for money and fame, prosecutors alleged on the first day of the former Silicon Valley star's trial. null null 174 0 R null null null 175 0 R null null null 163 0 obj /P 299 0 R 139 0 R null null null 140 0 R null null null 141 0 R null 194 0 obj 371 0 obj Opinions expressed by Forbes Contributors are their own. Mission Statement. >> /K 31 /Lang (EN-US) >> /Lang (EN-US) endobj /S /LI /K 10 291 0 obj << << << /Type /Page /K 10 >> endobj /Pg 258 0 R /Lang (EN-US) /K 3 The defendants are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. /Lang (EN-US) Theranos founder Elizabeth Holmes arrives at San Jose court, Theranos CEO on companys blood testing system. /Lang (EN-US) The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. >> /MediaBox [0 0 612 792] /Pg 244 0 R Theranos' mission is to make actionable health information accessible to people everywhere in the world at the time it matters, enabling early detection and intervention of disease. 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] /Pg 256 0 R /K 18 /K 127 0 R null 52 0 R 53 0 R] >> << /Pg 245 0 R /Count 9 endobj endobj endobj /Pg 235 0 R >> /Pg 256 0 R /Tabs /S /K 22 endobj /P 8 0 R Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. /S /P >> endobj /P 8 0 R << /Annots [] /K 10 /S /P /Annotation /Span 340 0 obj 80 0 obj Peter DaSilva/Reuters. Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary /S /LI 3 min read. /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 /Filter /FlateDecode /S /P /K 6 /K 25 endobj /StructParents 17 /P 51 0 R /Pg 248 0 R /Rotate 0 endobj /Pg 248 0 R endobj endobj 15 [null null 192 0 R null null null 193 0 R null null null /P 319 0 R << 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. /S /LBody >> We searched far and wide for the best company mission statement examples. 358 0 obj 13 0 obj 42 0 obj endobj >> /P 63 0 R /Lang (EN-US) << >> >> /S /P /K 10 null] /Pg 235 0 R >> /K 2 /Pg 235 0 R /Lang (EN-US) /MediaBox [0 0 612 792] /Parent 12 0 R /Lang (EN-US) >> 395 0 obj >> endobj The boundless part of her visioning deserves extra attention. /S /LI . << /K 32 59 0 obj /Type /Pages << /K 11 /S /LI /K 6 The site is secure. << /S /LBody GET FOX BUSINESS ON THE GO BY CLICKING HERE. /K 9 /Pg 249 0 R << /Lang (EN-US) 365 0 obj endobj << /P 393 0 R Elizabeth Holmes speaks on stage at the Glamour Women of the Year Awards where she receives an award, in New York, NY on Nov. 9, 2015. /P 8 0 R 184 0 obj << In court documents, federal prosecutors have said Holmes is a flight risk. Next to a perfectly dosed narrative of black turtlenecks, sprawling office facilities, glossy paper spreads and alluring marketing campaigns, the supposed Apple look-alike of the health technology industry tantalized investors and consumers with its mission, to facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. Its no surprise that many bought into it. /P 307 0 R << >> /Pg 243 0 R <> /P 381 0 R Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. /Lang (EN-US) 239 0 obj Bundled together, these biases not only warped Holmes sense of truth, but they likely slanted the perspective of key stakeholders who were attracted to the many promises made by Theranos. /Pg 238 0 R /P 8 0 R >> Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. /Lang (EN-US) U.S. Attorneys Office /S /LBody 111 0 obj /K [24 387 0 R] 277 0 obj >> << null 110 0 R null null null 111 0 R null 112 0 R null 113 0 R 3553. /Type /Page >> << endobj /P 278 0 R This is why accounts about Theranos willingness to circumvent FDA rules and requirements, among other things, or legitimate due diligence requests made by potential clients is disconcerting yet unsurprising. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. /K [32 382 0 R] /K 1 endobj 182 0 obj endobj 232 0 obj Answer (1 of 7): In 2003, Elizabeth Holmes, then a sophomore studying chemical engineering at Stanford, founded a company called Real-Time Cures. << 197 0 obj /Annots [] /S /P endobj >> << /S /LI /P 297 0 R endobj /S /LBody /P 318 0 R /K 6 << 154 0 obj /S /LI endobj /Pg 237 0 R /Tabs /S << /S /P /K 169 0 R /Pg 244 0 R /Rotate 0 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. << 343 0 obj /CreationDate (D:20180314084127-07'00') endobj This district, led by Silicon Valley, is at the center of modern technological innovation and entrepreneurial spirit; capital investment makes that possible. /S /LBody /Lang (EN-US) >> /Pg 252 0 R << 65 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 . /K 18 endobj /Underline /Span /S /LI endobj 93 0 obj It then allegedly used those articles to generate financial interest. With << 105 0 obj << 44 0 obj << /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. /Lang (EN-US) >> 288 0 obj /S /P /Type /MCR /Pg 235 0 R /Lang (EN-US) /P 328 0 R /Type /Page /Lang (EN-US) 384 0 obj /S /LBody 346 0 obj /S /P /Annots [] >> << /K 172 0 R A jury will decide whether Ms. Holmes, who founded Theranos and hawked a mission of revolutionizing health care, lied to investors about her company's technology. /SourceModified (D:20180314151216) /K 6 283 0 obj /CropBox [0 0 612 792] 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. endobj /P 8 0 R 202 0 obj >> /K [18 385 0 R] endobj >> 196 0 obj /K 14 /K 14 << << 14 0 obj /Lang (EN-US) /Pg 247 0 R 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 <> /P 8 0 R >> Subscribe to our channelhttp. << >> /S /LI /Pg 239 0 R /Lang (EN-US) endobj >> /S /P /K 128 0 R >> /P 48 0 R /Lang (EN-US) /Pg 253 0 R /P 50 0 R 297 0 obj /K 35 /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 /S /LI 191 0 obj endobj The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. 211 0 obj /S /LI Jumping off the track ends not with a win for consumers, physicians, investors and the company but with charges from the DOJ and the SEC. >> << /Contents [485 0 R 486 0 R 487 0 R] endobj /Type /Page 94 0 obj /P 8 0 R /Lang (EN-US) << /Lang (EN-US) /K 22 /P 293 0 R /Pg 241 0 R endobj endobj /P 59 0 R 354 0 obj endobj Theranos employees are most likely to be members of the Democratic Party. << 385 0 obj /P 48 0 R /P 8 0 R >> /S /P 207 0 obj endobj stream << << endobj They proposed revoking the companys license to test human specimens. >> /P 44 0 R /P 381 0 R /S /LI endobj /S /LBody >> << In addition, the defendants delivered to doctors and patients blood results that were inaccurate, unreliable, and improperly validated. 171 0 R null null] endobj /K 18 << /K 141 0 R /Parent 14 0 R /P 290 0 R /P 345 0 R Department of Justice << /K 14 >> >> >> >> << /StructParents 15 To conduct any kind of research for any company in any industry. /Lang (EN-US) /Pg 237 0 R 216 0 obj << /Pg 256 0 R /Pg 258 0 R << /Pg 246 0 R 299 0 obj /Kids [11 0 R 12 0 R 13 0 R 14 0 R] /K 13 << [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 . According to the indictment, the defendants also allegedly made numerous misrepresentations to potential investors about Theranoss financial condition and its future prospects. 113 0 obj /S /P << /S /LI /S /P >> endobj << 351 0 obj /Pg 253 0 R /Contents [425 0 R 426 0 R 427 0 R] << 382 0 obj Theranos stood as the next big breakthrough innovator in the healthcare industry offering an affirming achievement of the value of human ingenuity. /K 130 0 R The alleged fraud, which Holmes perpetrated as the companys founder and CEO, may have felt less onerous due to the goodness of the vision and mission she championed. /K 210 0 R endobj /K 177 0 R 76 0 obj << Washington, DC. >> /S /LI endobj There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. 272 0 obj endobj /Lang (EN-US) >> /Lang (EN-US) /K 115 0 R /S /P 150 0 obj << 63 0 obj /P 48 0 R <> /Lang (EN-US) /S /LBody /P 364 0 R /Type /Page << << >> /P 305 0 R /Pg 249 0 R 200 0 obj /P 337 0 R endobj << /K 6 /P 8 0 R << >> Having a vested interest in what is at stake as is often the case with founders and investors and envisioning the desired end state via inflexible goals may create a condition known as motivated blindness that can paradoxically prevent us from making realistic progress. << /Creator (Acrobat PDFMaker 18 for Word) /S /LI endobj endobj /K 9 /Type /MCR 96 0 obj (Photo by Brad Barket/Invision/AP). /Lang (EN-US) /Lang (EN-US) /S /LI 131 0 obj endobj /Annots [] /Lang (EN-US) /P 353 0 R /K 4 /Pg 243 0 R >> >> /K 6 << endobj 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." << << /K 10 uuid:f59fd1a5-0a21-408a-99c1-079770aebbbd /Annots [] /S /LBody FAQ - New Privacy Policy. /K 164 0 R 22 0 obj /S /P /Pg 249 0 R /Pg 250 0 R null] /Lang (EN-US) Theranos wanted to make detailed blood sample analysts accessible to all doctors in a timely manner. << /S /P /Contents [489 0 R 490 0 R 491 0 R] >> /K 30 /Lang (EN-US) /K 6 /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] 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 . endobj >> 156 0 obj /MCID 2 /Pg 247 0 R /K 10 endobj /S /LBody /K [273 0 R 274 0 R] endobj endobj /Type /MCR endobj /S /LBody Elizabeth Holmes and her ill-fated blood-testing start up, Theranos, are the subjects of the latest exceptional read. << >> /K 225 0 R /Annots [] << It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. endobj /Pg 250 0 R Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. endobj /P 8 0 R Instead, Theranos continued to produce mounting losses. /S /LI endobj 190 0 obj endobj /S /P /S /LBody << 32 0 obj << endobj >> /Parent 13 0 R << /Length 502 0 R /K 34 << The Indictment Alleges That Investors Were Defrauded. 332 0 obj 204 0 obj << /K 261 0 R endobj 152 0 obj /S /L /P 352 0 R endobj << << endobj 133 0 obj >> null null 131 0 R null null] 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. 35 0 obj >> endobj endobj /K 22 /K 8 17 [null null 204 0 R null null null 205 0 R null null null /K 214 0 R /K 10 /Lang (EN-US) /K 161 0 R /Pg 236 0 R /Pg 238 0 R 394 0 obj /Resources 444 0 R /S /LI endobj Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. Elizabeth Holmes (Reuters); Ramesh "Sunny" Balwani (Getty Images). /Pg 239 0 R << >> endobj /S /LI endobj endobj << /S /L /K 195 0 R << /K 165 0 R The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. endobj endobj /S /LI /K 17 /Pg 250 0 R /K 138 0 R /K 181 0 R /S /LBody /Pg 245 0 R /S /LBody >> << There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. >> /Parent 14 0 R /Lang (EN-US) 311 0 obj >> /K 20 >> /P 303 0 R /CropBox [0 0 612 792] /S /LBody /Lang (EN-US) >> << /S /LBody /Resources 492 0 R The company grew to become a business worth billions. << endobj /Pg 258 0 R /P 51 0 R >> /P 329 0 R /K 33 41 0 obj >> /Pg 235 0 R /P 357 0 R endobj /K [30 396 0 R] /Type /Page /S /LI 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. /P 50 0 R /P 33 0 R /Resources 432 0 R 145 0 R null null null 146 0 R null null null 147 0 R null /Pg 258 0 R /Pg 243 0 R The largest donation made to a political party by a Theranos employee was << /Lang (EN-US) Those emails eventually made their way to Holmes, who asked, How fast can we resolve this issue? Another employee replied that, after omitting some data, the problem appeared solved. /K 41 >> /S /LBody /MediaBox [0 0 612 792] /S /LBody << endobj 72 0 obj /P 264 0 R /P 261 0 R << /S /P 398 0 obj /Annots [] Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. /S /LI /K 151 0 R Leaving Little Space for Inspiration. /CropBox [0 0 612 792] << /S /P 101 0 obj 2018-03-14T09:02:10-07:00 /P 55 0 R Special conditions for use statement(s): The Theranos HSV-1 IgG Assay is for prescription use only in accordance with 21 CFR 801.109 4. /CropBox [0 0 612 792] Creating something new is about breaking the status quo. << << /Pg 239 0 R HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! >> >> << 132 0 obj /P 8 0 R An indictment merely alleges that crimes have been committed, and the defendants are presumed innocent until proven guilty beyond a reasonable doubt. /P 8 0 R << endobj (Photo by Kristoffer Tripplaar/AP). /Lang (EN-US) endobj << >> /Pg 242 0 R /P 33 0 R << 168 0 obj 81 0 obj 19 0 obj /Lang (EN-US) /S /LBody /S /LBody The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. The national average salary for a Theranos employee in the United States is $44,094 per year. 300 0 obj /P 8 0 R /Type /Page /MCID 2 /S /P Prosecutors allege that Holmes and Balwani deliberately misled investors, policymakers and the public about the accuracy of Theranos blood-testing technologies since 2013, at least, EX-BILLIONAIRE ELIZABETH HOLMES CAN'T PAY LAWYERS DEFENDING HER IN THERANOS FRAUD CLAIM. /Pg 239 0 R The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. >> 120 0 obj 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. << /S /LBody /K 199 0 R 104 0 obj endobj Balwani, who was convicted on 12 counts of fraud and conspiracy and sentenced to nearly 13 years in prison, is also seeking to remain free amidan appeal. 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. 3 [null null 125 0 R null null 43 0 R null null 126 0 R null /Pg 252 0 R /S /LBody >> /Lang (EN-US) null 114 0 R null] /P 262 0 R /Annots [] >> 379 0 obj /Pg 235 0 R An official website of the United States government. endobj /Rotate 0 160 0 obj >> /K 5 endobj /Lang (EN-US) /Annots [] /Tabs /S /MediaBox [0 0 612 792] /Pg 240 0 R /Pg 240 0 R >> /Lang (EN-US) /MediaBox [0 0 612 792] <> /Tabs /S 140 0 obj << /Nums [0 [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 94 0 R /K 5 188 0 R null null null 189 0 R null null null 190 0 R null /Pg 235 0 R /Pg 250 0 R /K 191 0 R Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. /Lang (EN-US) 6 [null null 143 0 R null null null 144 0 R null null null /StructParents 18 123 0 obj /Pg 248 0 R /Type /Page Further, the indictment alleges that based on the defendants misrepresentations and omissions, many hundreds of patients paid, or caused their medical insurance companies to pay, Theranos, or Walgreens acting on behalf of Theranos, for blood tests and test results, sometimes following referrals from their defrauded doctors. >> >> 149 0 obj /S /LI /K 8 0 R endobj 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. /S /LI /K 21 10 0 obj << 367 0 obj /Lang (EN-US) /S /L Cultivating a boundless vision until the very end completely untethered from the status quo, rules, requirements and the demands of the here and now Holmes and Theranos were on a special kind of journey. /S /P << << 362 0 obj /Type /Metadata 18 0 obj << << 227 0 R null null null 228 0 R null null] /K 168 0 R >> /S /P In 2013, things had "started to get a bit tight," Yam said. 330 0 obj /Tabs /S >> 227 0 obj << /S /LBody /Type /Pages 201 0 obj endobj 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. 147 0 obj >> /S /LBody /P 51 0 R /P 390 0 R endobj /Lang (EN-US) << endobj /S /LBody /P 59 0 R /Type /Page /K 21 /S /LBody /P 23 0 R << >> endobj /S /P >> /Annots [] /Annots [] /K [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] << >> The indictment describes a number of schemes that defendants allegedly employed to mislead investors, doctors, and patients. /Pg 237 0 R >> The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. << /P 42 0 R << /P 54 0 R /S /LI /Resources 408 0 R endobj Theranos representeda potential disruptor to costly and quasi-monopolistic healthcare players that would help people get the right cure at the right time. /Lang (EN-US) 134 0 obj Theranos gambit may have extended over time precisely because all four biases played a role in the making of a dream that was never fully tested against the constraints of reality. /Pg 235 0 R /Lang (EN-US) >> /K 217 0 R /Lang (EN-US) /K 9 >> /Pg 247 0 R /P 8 0 R /K 183 0 R << endobj null null 225 0 R null null null 226 0 R null null null << endobj /Lang (EN-US) 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. << 90 0 obj /MCID 2 242 0 obj << /Pg 243 0 R endobj 112 0 obj >> /P 50 0 R 247 0 obj endobj endobj 308 0 obj >> endobj /S /LI /Pg 256 0 R /P 48 0 R >> /K [354 0 R 355 0 R 356 0 R 357 0 R 358 0 R 359 0 R 360 0 R 361 0 R 362 0 R 363 0 R Theranos' mission is to make actionable information accessible to everyone at the time it matters most. 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. 329 0 obj 151 0 obj endobj 17 0 obj 383 0 obj /Rotate 0 But indictments said Holmes andher colleague and former romantic partner Ramesh Sunny Balwani, lied about the technology, the company's finances, and its partnerships with the Department of Defense and Walgreens.
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