theranos mission statement

/K 157 0 R Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary endobj /P 51 0 R 23 0 obj /K 15 >> /Contents [413 0 R 414 0 R 415 0 R] /MediaBox [0 0 612 792] << /K 6 /P 8 0 R The Indictment Alleges That Investors Were Defrauded. endobj /Pg 251 0 R endobj /Pg 245 0 R 94 0 obj /Lang (EN-US) /Count 5 endobj /P 8 0 R 312 0 obj /Pg 247 0 R endobj >> >> /K 24 << 162 0 obj /S /LI /P 345 0 R It was not only motivated blindness that may have triggered the slippery slope of unethical conduct at Theranos. /P 8 0 R 14 [null null 186 0 R null null null 187 0 R null null null << 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." /Lang (EN-US) /P 274 0 R 58 0 obj Department of Justice /Resources 448 0 R /K 18 /K 8 /S /P 99 0 obj /S /LBody 358 0 obj << 107 0 obj /K 8 >> Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. /S /LBody /MediaBox [0 0 612 792] /K 26 /Lang (EN-US) /K 135 0 R Theranos presenting poster on an investigational ELISA for the serodiagnosis of #Zika virus infection - today at the American Society of Tropical Medicine & Hygiene . endobj endobj /MCID 2 /K 393 0 R 396 0 obj /P 8 0 R 154 0 R null null null 155 0 R null null null 156 0 R null endobj /P 48 0 R The mission and vision statements of Kraft Heinz are indicative of a company that desires to lead the rest in everything it does. /Pg 248 0 R /S /P /Pg 249 0 R 15 [null null 192 0 R null null null 193 0 R null null null 336 0 obj >> /K 25 /Parent 12 0 R 285 0 obj >> << The site is secure. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. /K 10 /Rotate 0 << 271 0 obj /Resources 468 0 R 165 0 R null null null 166 0 R null null null null 167 0 R 164 0 obj /S /P /Pg 249 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R /S /LBody They cite a one-way plane ticket to Mexico she booked for Jan. 26, 2022, three weeksafter her conviction onfour counts of fraud and conspiracy. endobj /S /LI endobj null null 225 0 R null null null 226 0 R null null null /S /P The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. /Lang (EN-US) 394 0 obj /P 44 0 R +1 (202) 442-3507. /Pg 235 0 R << /K 35 165 0 obj >> << /Tabs /S 50 0 obj endobj /S /LBody 213 0 obj /P 48 0 R /P 8 0 R 194 0 obj /Lang (EN-US) 125 0 obj endobj /Parent 12 0 R /Lang (EN-US) << /Tabs /S /K 162 0 R endobj 115 0 obj /K 22 /Type /Page >> /P 54 0 R << >> 320 0 obj /MediaBox [0 0 612 792] /P 8 0 R << /Resources 424 0 R 66 0 R 67 0 R 68 0 R 69 0 R] >> /S /LI /Lang (EN-US) >> 123 0 R null null null 124 0 R null null] 225 0 obj /P 8 0 R /P 54 0 R << WIRED Media Group /P 288 0 R /S /P << /P 8 0 R Specifically, the defendants claimed that Theranos developed a revolutionary and proprietary analyzer that the defendants referred to by various names, including as the TSPU, Edison, or minilab. /Pg 245 0 R /K 12 /Lang (EN-US) /A 259 0 R /S /LI /K 195 0 R /P 8 0 R endobj /K 214 0 R /Pg 242 0 R /S /LBody << /Lang (EN-US) << 90 0 obj >> >> /Lang (EN-US) /Pg 235 0 R /P 301 0 R 245 0 obj /Rotate 0 /K 11 /S /LI 185 0 R null null] << endobj /Type /MCR >> >> /S /LI The Journal reported that in 2015, the technology was only used for 15 tests. /P 8 0 R endobj After Cheung went to the federal government, Theranos hired a private detective to spy on her, according to court documents released last week. /Annots [] /Pg 237 0 R /K 0 endobj >> 3. << >> /S /LI /Lang (EN-US) << This conspiracy misled doctors and patients about the reliability of medical tests that endangered health and lives.. /K 21 /Lang (EN-US) >> /S /LI 93 0 obj /P 51 0 R It claims its technology can work with just a finger prick. /S /LI /K 260 0 R /P 381 0 R /S /P << Ms Holmes faces 12 fraud charges over her . 163 0 obj << /S /LBody >> endobj endobj << /Lang (EN-US) /Kids [250 0 R 251 0 R 252 0 R 253 0 R 254 0 R 255 0 R 256 0 R 257 0 R 258 0 R] endobj It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. /CropBox [0 0 612 792] >> /Pg 258 0 R >> endobj /Pg 239 0 R endobj >> endobj /Pg 249 0 R endobj >> << The University recognizes the importance of its location in New York City and . /Pg 250 0 R 274 0 obj /K 45 >> /Pg 243 0 R /Resources 464 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. >> endobj << 196 0 obj endobj /S /L 144 0 obj 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] I did not think the technology we were using was adequate enough to be engaging in that behavior.. Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. 230 0 obj 352 0 obj /S /LI >> << /Annots [] /K 18 /K 10 >> /K 3 << /K 133 0 R /K 6 /S /LI 18 [null null 209 0 R null null null 210 0 R null null null >> /S /P endobj << /S /LI /K [374 0 R 375 0 R 376 0 R 377 0 R 378 0 R 379 0 R] Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. 1. /Pg 255 0 R Based in Palo Alto, CA, Theranos is a small health care company with only 100 employees and an annual revenue of $55.3M. /Pg 235 0 R /S /LBody /K 10 /S /LBody /Lang (EN-US) /Contents [457 0 R 458 0 R 459 0 R] /P 8 0 R endobj << << /Lang (EN-US) << /P 279 0 R /Pg 235 0 R << >> 174 0 obj >> /K 19 endobj >> /CropBox [0 0 612 792] ", EX-THERANOS CEO ELIZABETH HOLMES PROVIDING OWN DEFENSE IN CIVIL SUIT: REPORT. /S /LBody /P 50 0 R /K 1 << /Contents [441 0 R 442 0 R 443 0 R] /Lang (EN-US) /K 10 /P 318 0 R /P 348 0 R /Pg 247 0 R The Company's clinical laboratory offers comprehensive laboratory tests. << endobj /P 8 0 R /Pg 256 0 R /P 272 0 R endobj endobj /Parent 11 0 R /S /LI /K 173 0 R /K 5 uuid:08e7f9c5-06b3-4447-b9e6-d8f448ec8b85 /P 55 0 R Consider Elizabeth Holmes obsession with producing as small a micro-Lab as possible or with using just a few drops of blood in order to conduct the myriad of tests Theranos promised. << /MediaBox [0 0 612 792] /Lang (EN-US) /P 48 0 R /Pg 248 0 R /K 10 /ITXT (2.1.7) endobj /StructParents 19 /Lang (EN-US) 87 0 obj 26 0 obj /Lang (EN-US) /P 328 0 R << endobj 334 0 obj /P 8 0 R /K 15 /P 291 0 R null 47 0 R null null 129 0 R null null null 130 0 R null 247 0 obj /P 300 0 R << >> Holmes, who founded Theranos in 2003 at age 19 with the lofty mission of revolutionizing blood testing, has pleaded not guilty. 393 0 obj /Rotate 0 /P 50 0 R /Resources 408 0 R /P 381 0 R /Pg 257 0 R << /Lang (EN-US) In addition, the defendants represented to investors that Theranos would soon dramatically increase the number of Wellness Centers within Walgreens stores when, in truth, Holmes and Balwani knew by late 2014 that Theranoss retail Walgreens rollout had stalled because of several issues, including that Walgreenss executives had concerns with Theranoss performance. /S /LBody 100 0 obj /P 8 0 R /K 33 /Lang (EN-US) The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. During the trial Holmes accused her ex-boyfriend and business partner, Ramesh "Sunny" Balwani, of emotional and sexual abuse at the time of the alleged crimes, impairing her mental state. >> /StructParents 0 /Pg 253 0 R /K 10 >> 330 0 obj 212 0 obj /MediaBox [0 0 612 792] << /K 2 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. >> /Contents [417 0 R 418 0 R 419 0 R] /Type /Page endobj >> GET FOX BUSINESS ON THE GO BY CLICKING HERE. >> << << endobj /Annots [] 202 0 obj /P 48 0 R /StructParents 20 >> ] /K 165 0 R /P 377 0 R n. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. /K 28 /P 305 0 R >> << /StructParents 4 /Rotate 0 Theranos representeda potential disruptor to costly and quasi-monopolistic healthcare players that would help people get the right cure at the right time. /P 290 0 R /Pg 254 0 R >> >> 286 0 obj /K 225 0 R >> /K 6 << << /P 48 0 R At the peak of her career in 2015, Forbes estimated her net worth at $4.5 billion. The Theranos scandal has dominated headlines, and both fascinated and appalled readers worldwide, since John Carreyrou's shattering report first broke in 2015. /P 63 0 R The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. << /Contents [433 0 R 434 0 R 435 0 R] << 266 0 obj << 185 0 obj 243 0 obj endobj >> 313 0 obj /Pg 238 0 R The . endobj << /K 170 0 R /K 123 0 R 325 0 obj /Lang (EN-US) /Pg 257 0 R endobj endobj /Kids [240 0 R 241 0 R 242 0 R 243 0 R 244 0 R] >> << /K 9 /Lang (EN-US) endobj /Type /MCR /K 10 endobj 155 0 obj endobj /P 51 0 R /P 55 0 R /Pg 240 0 R 126 0 obj /S /P endobj Ars may earn compensation on sales from links on this site. Theranos gambit may have extended over time precisely because all four biases played a role in the making of a dream that was never fully tested against the constraints of reality. The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. null null 127 0 R null null 45 0 R null null 128 0 R null endobj << << /S /LI /StructParents 22 /P 42 0 R << /Pg 240 0 R >> Paradoxically, instead of warranting greater scrutiny, the very gap between Theranos projected solution and the requirements of the available blood-testing technology may have prevented a number of decision-makers from focusing on practical questions during evaluation of the companys potential and its various promises. << /Pg 247 0 R endobj 137 0 obj /P 380 0 R /StructParents 7 endobj << << >> /P 8 0 R << /CropBox [0 0 612 792] /S /P >> endobj 315 0 obj null null null null 168 0 R null null null 169 0 R null >> A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. /Pg 244 0 R /Pg 256 0 R Competitors of Theranos include Bloomberg, Morgan Stanley, and National Journal.