Theranos

Elizabeth Holmes Faces 2020 Fraud Trial over Theranos Collapse

Disgraced former CEO Elizabeth Holmes will stand trial for her role in the now infamous collapse of her startup Theranos, which falsely claimed that it had revolutionized medical blood testing. She faces up to 20 years in prison for fraud, with her trial occurring next year.

Elizabeth Holmes, CEO of Theranos, participates in the closing plenary session of the Clinton Global Initiative 2015 Annual Meeting at the Sheraton New York Times Square Hotel, on Tuesday, Sept. 29, 2015 in New York. (Photo by Greg Allen/Invision/AP)

More Trouble for Theranos: Two Years of Blood-Test Results Voided

Another grim milestone for troubled tech startup Theranos, once seen as the Cinderella story of medical technology: the company has voided all of the blood tests performed with its signature Edison machines, sending “tens of thousands of corrected blood test reports to doctors and patients,” according to the Wall Street Journal.

© AFP/File Luis Robayo

Theranos: Feds Launch Criminal Investigation

The U.S. Attorney’s Office and Securities and Exchange Commission (SEC) have opened criminal and civil probes into blood-testing company Theranos, just days after reports that the Centers for Medicare & Medicaid Services were proposing to shutter its labs and ban its founder from the medical testing business.

Clinton Theranos (JP Yim / Getty)

Majority of Theranos Board Gone After FDA Report

Biotech sensation Theranos was supposed to be Silicon Valley’s next hot IPO. But late Thursday evening, the company told Fortune Magazine that its board of directors had shrunk from 12 members to five as it battles a perfect storm of negative publicity.

Clinton Theranos (JP Yim / Getty)

Silicon Valley: $9B Theranos Threatened with Extinction

As Theranos, Inc. was preparing for one of Silicon Valley’s biggest IPO’s when its pin-prick blood test for thousands of diseases was approved by the FDA on July 15, the company was rocked on October 15 by a Wall Street Journal article citing “unnamed” former employees claiming Theranos inflated its testing effectiveness to the FDA.

Theranos Founder and C.E.O. Elizabeth Holmes (Mike Windle / Getty)