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Elizabeth Anne Holmes born February 3, is an American former businesswoman who was the founder and CEO of Theranosa now-defunct health technology company. Theranos soared in valuation after the company claimed to have revolutionized blood testing by developing testing methods that could use surprisingly small volumes of datint, such as from a fingerprick. The decline of Theranos began inwhen a series of journalism and regulatory investigations revealed doubts about the company's technology claims and whether Holmes had misled investors and the government. Inthe U. In Junea federal grand jury indicted Holmes and former Theranos chief operating officer Ramesh Balwani az dating a billionaire nine counts of wire fraud and two counts of conspiracy to commit wire fraud for distributing blood tests with falsified results to consumers.
The credibility of Theranos billionnaire attributed in part to Holmes's personal connections and ability to recruit the support of influential people including Henry KissingerGeorge ShultzJames Mattisand Betsy DeVos. Holmes was in a clandestine romantic relationship with her chief operating officer, Ramesh Balwani. Elizabeth Holmes was born February 3, link Washington, D. Holmes attended St.
John's School in Houston.
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Q the end of her freshman year, Holmes worked in a laboratory at the Genome Institute of Singapore and tested for severe acute respiratory syndrome coronavirus SARS-CoV-1 through the collection of blood samples with syringes. Several other expert medical professors told Holmes the same thing. InHolmes renamed the company Theranos a portmanteau of "therapy" and "diagnosis".
Holmes was an admirer of Apple founder Steve Jobsand deliberately copied his style, frequently dressing in a black turtleneck click, as Jobs did. After a two-hour meeting, he joined the Theranos board of directors. Holmes operated Theranos in " stealth mode " without press releases or a company website until Septemberwhen billionakre company announced a partnership with Walgreens to launch in-store blood sample collection centers.
John Az dating a billionaire of The Wall Street Journal initiated a secret, months-long investigation of Theranos after he received a tip from a medical expert who thought the Edison blood testing device seemed suspicious. When Holmes learned of the investigation, she initiated a campaign through her lawyer David Boies to stop Carreyrou from publishing, which included legal and financial threats against both the Journal and the whistleblowers.
In Octoberdespite Boies' legal threats and strong-arm tactics, Carreyrou published a "bombshell article" [41] detailing how the Edison device dqting inaccurate results, and az dating a billionaire that the company had been using commercially available machines made by other manufacturers for most of its testing. Holmes denied all the claims, calling the Journal a "tabloid" and promising the company would publish data on dating bavaria accuracy of its fating. Cramer said, "The article was pretty brutal", to which Holmes responded, "This is what happens when you work to change things, first they think you're crazy, then they fight you, and then all of a sudden you change the world. In Az dating a billionairethe Centers for Medicare and Medicaid Services CMS sent a warning letter to Theranos after an inspection of its Newark, California laboratory uncovered irregularities with staff proficiency, procedures, and equipment.
In JulyCMS officially banned Holmes from owning, operating, or directing a blood-testing service for a period of two years. Theranos appealed that decision to a U. Department of Health and Human Services appeals board.
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Inthe State of Arizona filed suit against Theranos, alleging that the company had sold 1. Securities and Exchange Commission and the U. Holmes denied any wrongdoing. On May 16,approximately 99 percent of Theranos shareholders az dating a billionaire an agreement with the company to dismiss all current and potential litigation in exchange for shares of preferred stock. Holmes released a portion of her equity to offset any dilution of stock value to non-participating shareholders. Department of Defense in combat situations. At its height inTheranos had more than employees.]
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