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When Holmes initially pitched the idea to reap "vast amounts of data from a few droplets of blood derived from the tip of a finger" to her medicine professor Phyllis Gardner at Stanford, Gardner responded, "I don't think your idea is going to work", explaining it was impossible to do what Holmes was claiming could be done.
Several other expert medical professors told Holmes the same thing.
In July 2016, CMS banned Holmes from owning, operating, or directing a blood-testing service for a period of two years. Shortly thereafter, Walgreens ended its relationship with Theranos and closed its in-store blood collection centers.
The FDA also ordered the company to cease using its Capillary Tube Nanotainer device, one of its core inventions.
She appeared on Jim Cramer's Mad Money the same evening the article was published.
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 January 2016, the 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. Department of Health and Human Services appeals board.
The documentary ends in 2018 with Holmes and Balwani being indicted for multiple alleged crimes.
Acres, Walnut Hill Equestrian Center provides lessons, training, and boarding, and offers access to riding trails.
John Carreyrou 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 blood testing device seemed suspicious.
Holmes's career, the rise and dissolution of her company, and the subsequent fallout are the subject of a book, Bad Blood: Secrets and Lies in a Silicon Valley Startup by the Wall Street Journal reporter John Carreyrou.
After the end of her freshman year, Holmes worked in a laboratory at the Genome Institute of Singapore testing for severe acute respiratory syndrome through the collection of blood samples with syringes.
) is an American entrepreneur and the founder and former CEO of Theranos, a now defunct company known for its unlikely claims to have revolutionized blood testing using surprisingly small volumes of blood such as from a fingerprick. Securities and Exchange Commission charged Theranos and Holmes with deceiving investors by "massive fraud" through false or exaggerated claims about the accuracy of her blood-testing technology; Holmes settled the charges by paying a 0,000 fine, returning shares to the company, relinquishing her voting control of Theranos, and being barred from serving as an officer or director of a public company for ten years.
The decline of Theranos began in 2015, when a series of journalistic and regulatory investigations revealed doubts about the company's technology claims, and whether Holmes had misled investors and the government. In June 2018, a federal grand jury indicted Holmes and former Theranos chief operating officer Ramesh Balwani on nine counts of wire fraud and two counts of conspiracy to commit wire fraud for distributing blood tests with falsified results to consumers.
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On June 15, 2018, following an investigation by the U. Attorney's Office in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president Ramesh "Sunny" Balwani on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Prosecutors allege that Holmes and Balwani engaged in two criminal schemes, one to defraud investors, the other to defraud doctors and patients.