theranos mission statement

126 0 obj >> /Pg 235 0 R /CropBox [0 0 612 792] >> >> /Marked true emblazoned in block capitals in the Theranos lobby, was 'Do or do not. In a reply, Holmes said she was projecting $100 million for 2015, nearly ten times less than what she told investors at one point. /Type /Page >> << John Carreyrou writes the story of a gifted 19-year-old who founded a health . 229 0 obj /S /LI In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon Valley startup that sought to revolutionize blood testing. << 292 0 obj endobj << >> 392 0 obj << While working at Theranos, Cheung sent an email to others in the company, sharing her concerns about the Edison machines. /Rotate 0 /Lang (EN-US) endobj 367 0 obj /Lang (EN-US) /MediaBox [0 0 612 792] >> << 145 0 R null null null 146 0 R null null null 147 0 R null /Pg 239 0 R /Contents [481 0 R 482 0 R 483 0 R] >> /Tabs /S /MCID 2 << /P 358 0 R /P 63 0 R << endobj endobj >> 76 0 obj endobj Holmes dropped out of Stanford University at 19 to found Theranos in 2003. >> /P 277 0 R 21 [60 0 R 61 0 R 62 0 R null null 229 0 R null null null 230 0 R endobj 81 0 obj >> << /Lang (EN-US) 105 0 obj /S /LBody /S /LI 281 0 obj /Pg 251 0 R /P 55 0 R >> endobj /Rotate 0 << /Lang (EN-US) endobj /K 123 0 R 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R /S /LBody /Pg 235 0 R /Pg 239 0 R 223 0 obj /K 203 0 R /P 8 0 R endobj /K 7 However, any sentence following conviction would be imposed by the court after consideration of the U.S. /P 8 0 R /Lang (EN-US) << In fact, those challenges dwarfed in relation to the potential benefits of the vision the tech company eagerly shared with those with whom it wished to partner. /P 342 0 R -mission statement: to make actionable information accessible to everyone at the time it matters. 159 0 obj /S /LI /S /TR << >> /S /LI /Pg 254 0 R /S /LI For the small private firm, the publically traded company or the large enterprise vision, effort and determination needs to be firmly tied to the track - compliance. /S /P 57 0 obj /S /P /Lang (EN-US) endobj << >> (Photo by Brad Barket/Invision/AP). 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. endobj << /Pg 235 0 R /K 18 >> /Pg 237 0 R /Pg 235 0 R endobj << endobj /S /LBody /Pg 256 0 R >> /P 8 0 R 269 0 obj The prosecution is the result of an investigation by the FDA Office of Criminal Investigations, the FBI, and the US Postal Inspection Service. /Parent 14 0 R /P 54 0 R /P 8 0 R /K 194 0 R Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003. The Company's clinical laboratory offers comprehensive laboratory tests. 150 0 obj Zippia gives an in-depth look into the details of Theranos, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Theranos. /Pg 256 0 R /K 18 365 0 obj 311 0 obj /K 18 /Type /Catalog /Pg 254 0 R Market data provided byFactset. /Type /MCR 214 0 obj /S /L 308 0 obj /Rotate 0 endobj endobj Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." /K 37 /S /Sect endobj /P 51 0 R /P 48 0 R >> /K 231 0 R /K 2 >> /P 51 0 R /Pg 235 0 R >> /O /Layout The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. >> Cheungs testimony continues today. 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. /S /LBody endobj >> /P 289 0 R /Rotate 0 /Lang (EN-US) Investors have poured more than $400 million into Theranos, valuing it at $9 billion and her majority stake at more than half that. /Length 10 0 R /Type /Page null null 152 0 R null null] 234 0 obj >> /Pg 235 0 R /StructParents 3 /Lang (EN-US) 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] /Parent 12 0 R /K 2 endobj /P 8 0 R endobj >> /Contents [398 0 R 399 0 R 400 0 R 401 0 R 402 0 R 403 0 R 404 0 R 405 0 R 406 0 R 407 0 R] >> /Pg 235 0 R Theranos | 27,358 followers on LinkedIn. /Pg 237 0 R /S /P << /Annots [] 95 0 obj Ms. Holmes's lawyers have said the entrepreneur dedicated 15 years to Theranos's mission and her only crime was having a startup that failed, as so many do endobj 279 0 obj << >> /K 30 >> >> << If convicted, the defendants face a maximum sentence of twenty (20) years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count. << She pitched its technology as a cheaper way to run dozens of blood tests with just a prick of a finger and a few droplets of blood. /Pg 244 0 R endobj endobj /K 149 0 R /P 48 0 R 297 0 obj /S /LBody 8 0 obj /P 357 0 R In opening statements, a federal prosecutor depicted Balwani as an instrumental accomplice who helped Holmes pull off a huge scam tied to Theranos' blood-testing technology. /P 8 0 R 13 0 obj /K 2 /S /LBody 377 0 obj /PageLayout /OneColumn << << Todays indictment alleges that through their company, Theranos, CEO Elizabeth Holmes and COO Sunny Balwani not only defrauded investors, but also consumers who trusted and relied upon their allegedly-revolutionary blood-testing technology., This indictment alleges a corporate conspiracy to defraud financial investors, said Special Agent in Charge Bennett. >> 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R Former Theranos board member and former Secretary of Defense James "Mad Dog" Mattis testified last week in the criminal trial of former Theranos CEO Elizabeth Holmes. 47 0 obj To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. endobj /Tabs /S /S /LBody << << /P 166 0 R /K 172 0 R /Lang (EN-US) /Pg 248 0 R The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. endobj /S /LI /S /LBody /S /LBody But in February, the pair had a number of charges dropped, excluding wire fraud. /P 275 0 R Elizabeth Holmes and her ill-fated blood-testing start up, Theranos, are the subjects of the latest exceptional read. /K 18 endobj 80 0 R 81 0 R 82 0 R] endobj << /Pg 244 0 R Theranos is in the biotechnology industry. << 181 0 obj /S /LBody /P 318 0 R endobj /K 275 0 R /K 2 endobj /S /LI The defendants also represented to investors that Theranos would generate over $100 million in revenues and break even in 2014 and that Theranos expected to generate approximately $1 billion in revenues in 2015 when, in truth, the defendants knew Theranos would generate only negligible or modest revenues in 2014 and 2015. /Pg 235 0 R << /Type /Page /Parent 14 0 R >> << endobj Theranos is a now-defunct healthcare technologystartup founded by disgraced Stanford drop-out Elizabeth Holmes. 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. /MCID 2 265 0 obj 35 0 R 36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R endobj /S /P /K 14 /Pg 256 0 R endobj endobj Elizabeth Holmes speaks during a Bloomberg, Television interview at the Vanity Fair 2015 New Establishment Summit in San Francisco, on Oct. 6, 2015. /P 331 0 R >> endobj /P 8 0 R /S /LI endobj /Parent 11 0 R 99 0 obj /Type /Page /Type /Pages >> 328 0 obj /CropBox [0 0 612 792] >> /P 8 0 R >> /Lang (EN-US) >> /Lang (EN-US) 119 0 obj /P 381 0 R Getty Images. /S /LI 39 0 obj 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R 93 0 R] endobj /K 12 87 0 obj /Pg 250 0 R /Pg 258 0 R endobj /K [95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R] endobj >> /Resources 476 0 R The company grew to become a business worth billions. /S /P /K [374 0 R 375 0 R 376 0 R 377 0 R 378 0 R 379 0 R] >> /K 227 0 R << /S /P /P 8 0 R We connect the world's decision makers to accurate information on the financial markets and help them make faster, smarter decisions. /Pg 244 0 R /S /LBody 306 0 obj /S /P THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. /P 392 0 R endobj /MediaBox [0 0 612 792] << 70 0 obj /S /LBody 348 0 obj >> The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. /S /LBody << /Pg 235 0 R << /K 31 /K 10 endobj 399 0 obj >> >> Cheung said she joined the company largely on the star power of its CEO. Theranos is a now-defunct healthcare technology startup founded by disgraced Stanford drop-out Elizabeth Holmes . /S /LBody 146 0 obj Here's Robert Leach, assistant U.S. attorney, who is prosecuting the case against Holmes: "This is a case about fraud, about lying and cheating to get money," Leach says. << /S /P endobj /Pg 257 0 R 271 0 obj /P 297 0 R /StructTreeRoot 3 0 R /Pg 247 0 R /P 296 0 R /S /Table >> /Pg 258 0 R << 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. 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. 9 [null null 157 0 R null null null 158 0 R null null null 56 0 obj /Outline /Span /Tabs /S /Pg 245 0 R endobj /Pg 251 0 R 65 0 obj /S /LBody /Pg 257 0 R >> /P 8 0 R /Type /MCR endobj >> /Lang (EN-US) /Parent 11 0 R /Pg 237 0 R endobj /P 63 0 R endobj /K 45 Theranos Mission Statement. 368 0 obj Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. /S /LI /S /LI endobj /P 334 0 R 50 0 obj << null null 197 0 R null null null 198 0 R null null null >> >> null null 142 0 R null null null 143 0 R null null] /Lang (EN-US) >> << Total losses surpassed $800 million, prosecutors said. The company claimed that it had devised . /Length 502 0 R 244 0 obj /Lang (EN-US) Onetime wunderkind Holmes and Balwani, her former partner in business and domestic affairs, stand charged with nine federal counts . /K 30 endobj /K 191 0 R /P 8 0 R >> /S /LI 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. /Lang /P 319 0 R /S /P /S /LBody 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R << << /S /LI << >> << /K 144 0 R >> /K 14 /Pg 235 0 R An indictment merely alleges that crimes have been committed, and the defendants are presumed innocent until proven guilty beyond a reasonable doubt. >> /CropBox [0 0 612 792] /Lang (EN-US) /Contents [429 0 R 430 0 R 431 0 R] /Contents [441 0 R 442 0 R 443 0 R] /Lang (EN-US) /MediaBox [0 0 612 792] /S /LI 19 0 obj /S /P /Pg 254 0 R >> 346 0 obj /Lang (EN-US) /S /L The first week of Theranos founder Elizabeth Holmes' fraud trial is now complete. << /Lang (EN-US) /P 351 0 R /Lang (EN-US) << Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. << None of the information on this page has been provided or approved by Theranos. endobj Instead, a vision made boundless by its sharp divide from reality and its extraordinarily narrow goals ended up only perpetuating a state of motivated blindness. endobj 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.