Elizabeth Holmes
A company that renamed itself to avoid the word 'cure' raised $700m selling a blood test that didn’t exist.
On business.briefs
Theranos
Elizabeth Holmes · 2003
Theranos was a health technology company founded in 2003 in Palo Alto, California, that falsely claimed to perform rapid, accurate blood tests using minimal blood volume via proprietary devices; investigations revealed it relied on conventional machines, produced inaccurate results, voided two years of Edison data, and misrepresented its capabilities to investors, partners, and regulators.