Blood testing startup Theranos announced Wednesday that it’s shutting down its blood testing facilities and laying off more than 40 percent of its staff, the Wall Street Journal reports. The move comes after reports that Theranos’ patenting blood-testing technology is, in fact, extremely inaccurate, and after the…
Regulators have banned Elizabeth Holmes, founder of embattled blood testing startup Theranos, from owning or operating a laboratory for at two years.
Three years ago, Walgreens invested in Elizabeth Holmes’ medical technology startup, Theranos. The relationship between the drugstore retailer and Holmes—Theranos’ head, who, as a Stanford dropout, had an origin story worthy of Silicon Valley’s best—marked the public announcement of the company. The New York Times…
Last year, Elizabeth Holmes, the founder of troubled blood-testing company Theranos, was at the top of Forbes’ Richest Self-Made Women list with an estimated net worth of $4.5 billion, making her the
first youngest self-made female billionaire. On Wednesday, the magazine revised its estimate to “nothing.”
Elizabeth Holmes, Theranos CEO and founder, our favorite blood-fearing, turtleneck-loving, disruption-preaching and increasingly fraudulent-looking biotech entrepreneur, appears to be facing a blanket ban from her own business sector for at least the next two years.