Theranos

Theranos was an American biotechnology company based in Palo Alto, California.

Theranos was founded in 2003 by Elizabeth Holmes. It grew to a $9 billion valuation and dissolved in 2018.

The company's board of directors included some very high profile names.¹⁾

Hot Startup Theranos Has Struggled With Its Blood-Test Technology

Theranos promised the ability for people to receive blood tests quickly from a small finger-prick worth of blood. The blood would enter a cartridge, those cartridges would be put in a machine that would send data over the internet to perform on-the-spot testing.

FDA inspection revealed only performed 12 out of 250 tests with erratic results

The machines were unable to provide accurate and consistent results, therefore data was often manipulated.²⁾

Theranos presented findings from a 15-month study beginning in 2007 that measured how 27 late-stage cancer patients responded to treatment. ³⁾
The Theranos devices were provided to patients to use at home, and their data was shared through the internet, with a cell phone or by landline phone, the document shows.

Joe Biden was given a tour of a staged lab.⁴⁾

Lawsuits

Richard Fuisz & Lawsuit Sunny Ian Gibbons