Theranos
E459893
Theranos was a now-defunct health technology company founded by Elizabeth Holmes that became infamous for falsely claiming to revolutionize blood testing and for its central role in a major corporate fraud scandal.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Theranos canonical | 4 |
Statements (61)
| Predicate | Object |
|---|---|
| instanceOf |
defunct company
ⓘ
health technology company ⓘ privately held company ⓘ |
| accusation |
massive fraud
ⓘ
misleading investors ⓘ misleading patients and doctors ⓘ using conventional analyzers while claiming proprietary technology ⓘ |
| boardMember |
Bill Frist
NERFINISHED
ⓘ
George Shultz NERFINISHED ⓘ Henry Kissinger NERFINISHED ⓘ James Mattis NERFINISHED ⓘ Richard Kovacevich NERFINISHED ⓘ Riley P. Bechtel NERFINISHED ⓘ Sam Nunn NERFINISHED ⓘ William Perry NERFINISHED ⓘ |
| businessModel | centralized laboratory testing using proprietary devices ⓘ |
| claimedTechnology |
Edison blood-testing device
NERFINISHED
ⓘ
finger-prick blood testing ⓘ |
| CMSAction |
revocation of California lab license
ⓘ
two-year ban on operating a lab ⓘ |
| coFoundedBy | Ramesh "Sunny" Balwani NERFINISHED ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| dissolutionDate | 2018 ⓘ |
| employeeCountAtPeak | over 800 employees ⓘ |
| foundedBy | Elizabeth Holmes NERFINISHED ⓘ |
| foundingDate | 2003 ⓘ |
| headquartersLocation |
Palo Alto, California
NERFINISHED
ⓘ
Silicon Valley NERFINISHED ⓘ |
| industry |
healthcare technology
ⓘ
medical diagnostics ⓘ |
| investorType |
high-net-worth individuals
ⓘ
venture capital firms ⓘ |
| keyPerson |
Elizabeth Holmes
NERFINISHED
ⓘ
Ramesh "Sunny" Balwani NERFINISHED ⓘ |
| legalOutcome |
SEC settlement with Theranos and Elizabeth Holmes in 2018
ⓘ
company agreed to dissolve ⓘ |
| liquidation | assets distributed to creditors ⓘ |
| majorPartner |
Safeway
NERFINISHED
ⓘ
Walgreens NERFINISHED ⓘ |
| mediaCoverage | extensive coverage in major U.S. and international media ⓘ |
| nameEtymology | portmanteau of "therapy" and "diagnosis" ⓘ |
| notableEvent |
CMS sanctions against its laboratory in 2016
ⓘ
SEC civil fraud charges in 2018 ⓘ Wall Street Journal investigative reports in 2015 ⓘ criminal fraud charges against executives in 2018 ⓘ |
| notableFor |
corporate fraud scandal
ⓘ
false claims about revolutionary blood tests ⓘ |
| originalName | Real-Time Cures NERFINISHED ⓘ |
| positionHeld |
Elizabeth Holmes – founder and CEO
NERFINISHED
ⓘ
Ramesh "Sunny" Balwani – president and COO ⓘ |
| regulatoryBodyInvolved |
Centers for Medicare & Medicaid Services
NERFINISHED
ⓘ
Securities and Exchange Commission NERFINISHED ⓘ U.S. Department of Justice NERFINISHED ⓘ U.S. Food and Drug Administration NERFINISHED ⓘ |
| renamedTo | Theranos NERFINISHED ⓘ |
| status | shut down ⓘ |
| subjectOf |
HBO documentary "The Inventor: Out for Blood in Silicon Valley"
NERFINISHED
ⓘ
Hulu miniseries "The Dropout" NERFINISHED ⓘ book "Bad Blood: Secrets and Lies in a Silicon Valley Startup" NERFINISHED ⓘ |
| unicornStatus | yes ⓘ |
| valuation | about 9 billion US dollars at peak ⓘ |
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.