theranos mission statement

/Annots [] /Lang (EN-US) Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. Elizabeth Holmes' fate in jurors' hands after fiery closing arguments << /Lang (EN-US) /S /LI 354 0 obj That innovation combined with the use of technology to build a somewhat bulkier though still miniature and portable yet more reliable version of the micro-Lab would have provided plenty of opportunity to make strides towards the dream of empowering people with reliable, timely and inexpensive blood testing. /P 50 0 R 367 0 obj /Pages 5 0 R endobj /K 218 0 R endobj /P 289 0 R /P 48 0 R 216 0 obj /S /P /K 24 /S /LI /P 275 0 R /Tabs /S /K 34 /K 24 Before sharing sensitive information, make sure you're on a federal government site. /K 14 >> HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! /S /P We all knew it was coming. << /S /P endobj endobj 3 [null null 125 0 R null null 43 0 R null null 126 0 R null The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. 311 0 obj /K 131 0 R << >> /K 115 0 R %PDF-1.5 Theranos founder Elizabeth Holmes charged with massive fraud - CNNMoney endobj >> /Parent 14 0 R /S /P /P 51 0 R /Pg 254 0 R << << 102 0 obj 188 0 obj /Pg 237 0 R 41 0 obj /Lang (EN-US) /S /P /Lang (EN-US) << The request for Holmes toremain free pending an appeal, filed Feb. 23 with the U.S. District Court for the Northern District of California, did not say when Holmes had her second baby. << Special conditions for use statement(s): The Theranos HSV-1 IgG Assay is for prescription use only in accordance with 21 CFR 801.109 4. /Rotate 0 /Parent 14 0 R /Lang (EN-US) endobj /Resources 456 0 R /StructParents 22 /S /LI Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary /P 33 0 R /P 303 0 R 57 0 R 58 0 R null null 223 0 R null null null 224 0 R null <> 223 0 obj 341 0 obj But Theranos shared very little about its blood-testing machine with the public or medical community. /P 42 0 R /Contents [449 0 R 450 0 R 451 0 R] uuid:08e7f9c5-06b3-4447-b9e6-d8f448ec8b85 /K 8 0 R /K 216 0 R /S /LI /Lang (EN-US) endobj >> <> /K 14 Elizabeth Holmes is the founder and former CEO of Theranos (2003-2018), a company that created and distributed blood testing devices. /Lang (EN-US) << /S /P /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] /Pg 249 0 R 1. << <> 306 0 obj /MCID 2 /Pg 251 0 R /Pg 250 0 R /Lang (EN-US) >> /P 8 0 R endobj /Annots [] /P 309 0 R (Photo by Kristoffer Tripplaar/AP). /P 55 0 R /S /LI << /Pg 256 0 R << /K [18 385 0 R] /P 55 0 R >> /P 380 0 R << Theranos Founder Elizabeth Holmes Found Guilty of Investor Fraud /K 18 << endobj /Pg 257 0 R /Chart /Figure The first week of Theranos founder Elizabeth Holmes' fraud trial is now complete. /S /TD /P 360 0 R endobj /Lang (EN-US) /Lang (EN-US) /P 354 0 R >> /Lang (EN-US) << << /K 3 96 0 obj << However, any sentence following conviction would be imposed by the court after consideration of the U.S. << /S /LBody << >> The False Promise of Silicon Valley's Quest to Save the World /K 18 Balwani, who was convicted on 12 counts of fraud and conspiracy and sentenced to nearly 13 years in prison, is also seeking to remain free amidan appeal. /Lang (EN-US) >> /P 8 0 R << << /P 8 0 R /Resources 412 0 R /P 8 0 R endobj /Type /Page null 233 0 R null null null 234 0 R null null 64 0 R 65 0 R /Lang (EN-US) 105 0 obj Theranos scandal: Who is Elizabeth Holmes and why was she on trial? Theranos is a now-defunct healthcare technologystartup founded by disgraced Stanford drop-out Elizabeth Holmes. /S /LBody /P 314 0 R << endstream /Pg 254 0 R /K 10 /Lang (EN-US) << /Pg 235 0 R /Diagram /Figure /Pg 257 0 R << endobj >> All rights reserved. /Lang (EN-US) /Contents [429 0 R 430 0 R 431 0 R] 99 0 obj /K 22 38 0 obj << /Pg 253 0 R <> /K 10 endobj endobj 380 0 obj Elizabeth Holmes finishes testifying in Theranos trial - The Washington Theranos Was Losing Hundreds Of Millions As Elizabeth Holmes Talked Up null] 64 0 obj endobj >> /Lang (EN-US) Doctors began using Theranos testing devices to diagnose patients and dispense medical advice. Early on, experts inside and outside of the company questioned the technology. /K 23 The next witness was Erika Cheung, who was hired by Theranos out of undergrad as a lab associate. /S /LI 89 0 obj /S /L Terry Masson (Founder and Chief Executive Officer). Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. /S /P 266 0 obj /Lang (EN-US) << 37 0 obj endobj /S /LBody Based in Palo Alto, CA, Theranos is a small health care company with only 100 employees and an annual revenue of $55.3M. /P 381 0 R /K [15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R /P 293 0 R << /Lang (EN-US) endobj /K 168 0 R endobj /Tabs /S Theranos is in the biotechnology industry. The Journal reported that in 2015, the technology was only used for 15 tests. << 157 0 obj 177 0 obj After all, one of Theranos top achievements was the very idea Holmes herself had developed an idea she never put through the rigor of scientific testing before defining its contours. 277 0 obj "I was taken with the idea . >> /Tabs /S /P 48 0 R For example, with respect to investors, defendants performed technology demonstrations during which defendants intended to cause potential investors to believe blood tests were being conducted on Theranoss proprietary analyzer when, in fact, the analyzer really was running a null protocol and was not testing the potential investors blood. << The Trial of Theranos's Elizabeth Holmes Opens /Type /Page /P 278 0 R /P 48 0 R /S /P Here's What Happened in Week 1 of Elizabeth Holmes' Theranos Trial /S /LI /Resources 500 0 R 245 0 obj /S /P Elizabeth Holmes (Reuters); Ramesh "Sunny" Balwani (Getty Images). endobj endobj endobj /S /LI /K 14 /Contents [421 0 R 422 0 R 423 0 R] A jury will decide whether Ms. Holmes, who founded Theranos and hawked a mission of revolutionizing health care, lied to investors about her company's technology. 220 0 obj >> >> 333 0 obj 233 0 obj endobj << >> Theranos founder Elizabeth Holmes 'lied and cheated', trial hears << >> endobj /K [28 394 0 R] 300 0 obj /Pg 256 0 R endobj 240 0 obj Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." >> /Pg 245 0 R Theranos is a now-defunct healthcare technology startup founded by disgraced Stanford drop-out Elizabeth Holmes . overstating the extent of Theranos' relationships with commercial partners and government entities, to whom they had also made misrepresentations . 272 0 obj endobj 139 0 obj >> endobj << Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT 33 0 obj >> /K 10 /Contents [497 0 R 498 0 R 499 0 R] /S /LI /P 8 0 R /P 40 0 R /P 340 0 R /CropBox [0 0 612 792] stream This conspiracy misled doctors and patients about the reliability of medical tests that endangered health and lives.. Investors have poured more than $400 million into Theranos, valuing it at $9 billion and her majority stake at more than half that. 210 0 obj /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R /S /LBody /MCID 2 /P 8 0 R 162 0 obj (REUTERS/Carlo Allegri). /P 33 0 R /K 9 >> /K 10 /K 154 0 R >> /S /LBody /K 224 0 R << /S /LI /S /LBody <> /Rotate 0 Investors who put a total of $632 million into Theranos in its latest funding round from 2014 to 2015 included " Rupert Murdoch and family-controlled Cox Enterprises Inc., -- [Cox family holdings . << /CropBox [0 0 612 792] /P 166 0 R Elizabeth Holmes, the infamous biotech chief executive who promised to revolutionize blood testing, has been found guilty of fraud. Best Mission Statements: 12 Examples You Need to See - Fond /S /LI endobj >> /K [380 0 R 381 0 R] endobj << Theranos was a blood testing company based in Palo Alto and Newark, Calif. Holmes used a combination of direct communications, marketing materials, statements to the media, financial statements . /S /L /P 50 0 R What Is Theranos CEO Elizabeth Holmes' Net Worth As Founder - Newsweek endobj 159 0 obj /P 273 0 R /Resources 476 0 R -Theranos is now worth $9 billion dollars; Holmes currently owns about half the company-Forbes named her one of the youngest female self-made billionaire before the age of 30. . Easy acce View the full answer /Tabs /S /Pg 235 0 R /K 232 0 R >> It's unclear . >> /Pg 238 0 R 35 0 obj endobj >> >> /K 3 /K 201 0 R Cultivating a boundless vision until the very end completely untethered from the status quo, rules, requirements and the demands of the here and now Holmes and Theranos were on a special kind of journey. /K 6 /Pg 238 0 R /Pg 248 0 R << /Rotate 0 >> /S /P /S /LI The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. /Superscript /Span Theranos founder Elizabeth Holmes, now a mother of two,is asking to delay her11-year sentence for felony fraud so she can be at home with her two young children while she appeals theconviction. /Pg 247 0 R 3 min read. 75 0 obj Best Companies to Work for in Palo Alto, CA, Best Start-up Companies to Work For in America, Best Health Care Companies to Work For in California, Best Start-up Companies to Work For in California, Best Companies to Work For in Palo Alto, CA, Best Health Care Companies to Work For in Palo Alto, CA, Best Start-up Companies to Work For in Palo Alto, CA. /Lang (EN-US) 74 0 obj >> /Creator (Acrobat PDFMaker 18 for Word) >> Theranos Inc. founder Elizabeth Holmes was criminally charged in June 2018 with defrauding investors following the collapse of her blood-testing startup. A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. endobj /K 7 /Pg 235 0 R /Pg 252 0 R /K 193 0 R /Rotate 0 249 0 obj >> 16 [null null 199 0 R null null null 200 0 R null null null /S /LBody Around the time that Theranos was losing nearly $2 million per week, investors in the blood-testing startup were being told that the company would soon be bringing in almost $1 billion per year. /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] 224 0 obj /Pg 257 0 R << 69 0 obj 399 0 obj /S /LI /K 198 0 R /Type /MCR << /Pg 250 0 R /S /LI /Contents [437 0 R 438 0 R 439 0 R] /S /LBody 201 0 obj /Lang (EN-US) /S /LBody Yam said she had never seen the document before, nor did she know where those numbers had come from. /S /LI /P 8 0 R /Lang (EN-US) /S /P >> null null 142 0 R null null null 143 0 R null null] /S /L << << 117 0 R null null null 118 0 R null null] << >> 226 0 obj >> /S /LBody endobj >> /Resources 460 0 R /S /LBody >> /K 18 stream 310 0 obj /K 179 0 R 200 0 obj << >> In the age of corporate purpose, the mission statement serves as a reminder of why an organization exists. /Lang (EN-US) /P 59 0 R /K [268 0 R 269 0 R 270 0 R 271 0 R 272 0 R] >> /Subtype /XML 243 0 obj << >> /P 48 0 R The Theranos founder intentionally deceived investors, a US . << >> /K 6 360 0 obj Brian Grossman had 20 years of experience in the healthcare space but his firm, PFM Health Sciences, invested $96 . << 180 0 R null null null 181 0 R null null null 182 0 R null >> endobj << /S /LBody << /Pg 255 0 R I did not think the technology we were using was adequate enough to be engaging in that behavior.. /P 48 0 R /Placement /Block % /S /P 151 0 obj /K 6 << endobj null null 174 0 R null null null 175 0 R null null null /StructParents 5 << Founded in 2003, Theranos is an established company that loves to hire graduates from Pima Medical Institute, with 15.9% of its employees having attended Pima Medical Institute. Theranos, Inc. is a consumer health technology company founded in 2003 by Elizabeth Holmes. endobj Holmes unflappability may have made it difficult for Theranos board members and prospective clients to raise or press on with the right questions at the right time. /MediaBox [0 0 612 792] /K 191 0 R 14 [null null 186 0 R null null null 187 0 R null null null The extraordinary entrepreneur on Fortune's June cover explains her mission and opportunity aheadWant to see more Fortune Video? /S /LI endobj 323 0 obj /S /L /Lang (EN-US) /K 26 << /Pg 245 0 R 143 0 obj << /K 222 0 R /P 262 0 R /S /LBody >> /P 274 0 R /K 149 0 R endobj /Lang (EN-US) endobj /Pg 243 0 R /P 272 0 R 19 [null null 215 0 R null null null 216 0 R null null null /Type /Page /Parent 12 0 R /K 202 0 R << 114 0 obj << << Theranos is a private health care and life sciences company with the stated mission to revolutionize medical laboratory testing through allegedly innovative methods for drawing blood, testing blood, and interpreting the resulting patient data. /Lang (EN-US) << 63 0 obj /Pg 250 0 R /Pg 236 0 R /K 14 377 0 obj >> >> << Theranos: Vision, Effort - No Compliance Ends with DOJ, SEC /Type /Page /MediaBox [0 0 612 792] /Pg 257 0 R << >> /Pg 245 0 R 387 0 obj /S /LBody >> << Its not uncommon for startups to lose money in their early years, and its not entirely unusual for the fastest burn rate to happen right before things turn around. 87 0 obj /Length 501 0 R << << /K 139 0 R /P 8 0 R /K 261 0 R /S /LI 155 0 obj << /P 54 0 R endobj After asking questions about Theranos continued losses and lack of revenue, prosecutors showed Yam a document they said was shared with investors; it projected $140 million in revenue in 2014 and $990 million in 2015. /Pg 247 0 R >> 50 0 obj /Lang (EN-US) /Lang (DE-DE) Initially she funded Real-Time Cures with her co. /S /P /Lang (EN-US) /P 8 0 R endobj /S /LI 86 0 obj /P 48 0 R endobj /P 316 0 R /K 21 /P 171 0 R endobj /Pg 242 0 R 332 0 obj 356 0 obj /K [30 396 0 R] /K 22 /S /P 66 0 R 67 0 R 68 0 R 69 0 R] Help other job seekers by rating Theranos. << /K 33 5 0 obj >> 127 0 obj /Rotate 0 << /P 311 0 R /K 18 /Pg 246 0 R 47 0 obj A former Theranos employee who alerted regulators to fraud at the company said he popped a bottle of champagne after a jury returned guilty verdicts against founder Elizabeth Holmes on Jan. 3. Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. Overview Salary Revenue History Demographics Competitors CEO & Executives. Holmes was found guilty on four felony fraud counts associated with a loss to victims of at least $120 million. Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. /P 344 0 R /Pg 242 0 R /S /Sect /Pg 256 0 R /K 187 0 R /MediaBox [0 0 612 792] /Pg 258 0 R /Annots [] /P 365 0 R /K 132 0 R /K 10 302 0 obj 90 0 obj >> endobj << 149 0 R null null null 150 0 R null null null 151 0 R null /Pg 247 0 R Whistleblower and former Theranos lab tech Erika Cheung. This material may not be published, broadcast, rewritten, or redistributed. >> Jumping off the track ends not with a win for consumers, physicians, investors and the company but with charges from the DOJ and the SEC. Theranos eventually settled that matter with the government, voluntarily closing all of its labs. endobj endobj endobj /Parent 13 0 R /Lang (EN-US) /MCID 2 >> /Lang (EN-US) 204 0 obj endobj Researchshows that unethical conduct is more likely when people are tempted with the opportunity to cheat on behalf of a good cause, and that cheaters may feel more at ease with their own behavior if they cheat on behalf of the common good. endobj Creating something new is about breaking the status quo. >> /Pg 255 0 R /S /LBody 72 0 obj endobj /Pg 255 0 R /P 48 0 R << /S /LI /P 42 0 R /S /LBody /S /LI /S /P /S /LBody Palo Alto, United States August 18, 2016: Elizabeth Holmes accepts The Entrepreneur award at, the 25th Annual Glamour Women of the Year Awards on Nov. 9, 2015, in New York. << 2018-03-14T09:02:10-07:00 /CropBox [0 0 612 792] /P 296 0 R /Lang (EN-US) Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. 2 0 obj /K 190 0 R /K 21 . << 244 0 obj /S /LBody But constantly focusing on a desired future state may have the effect of giving extra highlight to the positives of a distant vision at the expense of the operational challenges that are taking place in the here and now. 305 0 obj >> /Parent 14 0 R /S /LBody THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. 111 0 obj endobj /P 348 0 R /Pg 235 0 R >> /Rotate 0 267 0 obj 118 0 obj /P 374 0 R /Type /Page /P 362 0 R As company founder Elizabeth Holmes is sentenced to over eleven years in prison and TV adaptation The Dropout earns star Amanda Seyfried an Emmy, we reveal everything you need to know about the Theranos controversy. endobj /K 393 0 R /S /LBody Read our affiliate link policy. !xRnE1$g9`8\\5g1^"z+. endobj << 26 0 obj endobj endobj endobj In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. /Type /MCR /Annots [] /Type /MCR 239 0 obj 168 0 obj /S /P 49 0 obj 139 0 R null null null 140 0 R null null null 141 0 R null 135 0 obj /K 2 /Lang (EN-US) endobj /Pg 235 0 R /S /P /Type /MCR /Kids [11 0 R 12 0 R 13 0 R 14 0 R] /P 48 0 R 3553. endobj /P 48 0 R >> 392 0 obj In fact, Yam relied heavily on Holmes for financial projections. 8 0 obj << >> Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. 324 0 obj /K 6 endobj /P 381 0 R << endobj << << >> 329 0 obj /Lang (EN-US) Theranos presenting poster on an investigational ELISA for the serodiagnosis of #Zika virus infection - today at the American Society of Tropical Medicine & Hygiene . endobj /Type /Pages endobj /S /P /K 10 endobj 1343. >> The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company's technology, business, and financial . /S /LBody /P 299 0 R /P 390 0 R /MarkInfo 2 0 R Toxic culture: Lessons from Theranos | Eagle Hill Consulting endobj /MCID 2 /Parent 11 0 R /P 8 0 R 395 0 obj /P 8 0 R endobj /Lang (EN-US) /Pg 235 0 R /K 22 77 0 obj /Annots [] endobj 207 0 obj >> 247 0 obj /MediaBox [0 0 612 792] /S /LBody 125 0 obj /K 181 0 R Next to a perfectly dosed narrative of black turtlenecks, sprawling office facilities, glossy paper spreads and alluring marketing campaigns, the supposed Apple look-alike of the health technology industry tantalized investors and consumers with its mission, to facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. Its no surprise that many bought into it. 106 0 obj << >> Several months later, with encouragement from her professor, Channing Robertson, Holmes quit Stanford. The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. /Pg 258 0 R /Lang (DE-DE) /K [111 0 R 112 0 R 113 0 R 114 0 R] 361 0 obj 364 0 R 365 0 R 366 0 R 367 0 R] /P 288 0 R /Tabs /S /K 133 0 R /Endnote /Note /Contents [441 0 R 442 0 R 443 0 R] 156 0 obj /K 21 /Lang (EN-US) /Count 5 endobj >> >> He . >> /S /LBody >> 189 0 obj << /StructParents 13 >> Elizabeth Holmes blue eyes and baritone voice, her, albeit incomplete, Stanford credentials and well-crafted life narrative were the perfect exterior to a dream-come-true vision of a better future for millions of people. 29 0 obj /CropBox [0 0 612 792] >> << << >> >> /Lang (EN-US) Elizabeth Holmes, the former CEO of Theranos convicted of defrauding investors, is seeking to delay the start of her 11-year prison sentence because she has "two very young children" to be with. << << /Resources 408 0 R endobj >> << endobj <> endobj endobj How to run amok with $900M of VC funding /K [262 0 R 263 0 R 264 0 R 265 0 R 266 0 R 267 0 R] 10 [null null 163 0 R null null null 164 0 R null null null /P 51 0 R Theranos whistleblower toasted Elizabeth Holmes verdict - New York Post /P 8 0 R /S /LI 66 0 obj Theranos' mission is to make actionable information accessible to everyone at the time it matters most. >> /Contents [485 0 R 486 0 R 487 0 R] >> /Pg 235 0 R 351 0 obj 146 0 obj endobj Yam said that Theranos lost $16.2 million in 2010, $27.2 million in 2011, $57 million in 2012, and $92 million in 2013.