Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
Theranos CEO and founder Elizabeth Holmes. (credit: Max Morse for TechCrunch) In yet another jaw-dropping interview that seemed to be broadcast from an alternate universe, venture capitalist Tim Draper tenaciously defended the failed blood testing company Theranos and its disgraced founder and CEO, Elizabeth Holmes. In the interview, which aired on CNBC, Draper called the […]
REUTERS/Brendan McDermid Theranos has laid off about 100 employees, The Wall Street Journal reported Tuesday. It’s the third round of layoffs in the past two years for the blood-testing company. At one point, the company had more than 700 employees. Tuesday’s layoff brings the headcount down to about 24, The Journal reported. In March, the […]
Dozens of other companies were working on point-of-care blood testing before Theranos, and dozens still are. https://media.wired.com/photos/5aab0f77a54678516963cb50/master/pass/bloodvials-99310840.jpg
Elizabeth Holmes, the CEO of the once highly touted blood-testing startup, is accused of an “elaborate years-long fraud.” https://media.wired.com/photos/5aa96647491c2d69af4218f3/master/pass/ElizabethHolmes-FA-AP_18073599399878.jpg
Enlarge / Founder & CEO of Theranos, Elizabeth Holmes. (credit: Getty | Gilbert Carrasquillo) The once-darling Silicon Valley startup that promised to revolutionize the blood-testing industry and fetched a valuation of $ 9 billion may have finally been dealt a death blow. The Securities and Exchange Commission on Wednesday charged Theranos Inc., its founder and […]
Welcome to Digital Health Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting the healthcare ecosystem, produced by BI Intelligence. Sign up and receive Digital Health Briefing free to your inbox. Have feedback? We’d like to hear from you. Write me at: aaouad@businessinsider.com WHY APPLE IS LOOKING TO BUILD EKG MONITORING INTO WATCH: Apple is developing […]
Theranos has come a long way from the days when it was a darling in the biotech industry. The Wall Street Journal‘s sources have claimed that the blood-testing firm has avoided bankruptcy by securing a $ 100 million loan from Fortress Investment Group. The move should keep Theranos afloat “through 2018,” founder Elizabeth Holmes reportedly […]
Larry Busacca/Getty Theranos has raised $ 100 million in secured debt financing, according to an investor letter reviewed by Business Insider. The funding is the first for the embattled blood testing company since March 2015. In the letter, Theranos outlined its plans for the next few years, including working toward FDA approval for its Zika […]
Biotech investors are still stunned by the rise and fall of the one-drop blood testing startup. But they’re hellbent on making sure they don’t all get burned again. https://media.wired.com/photos/5980fe2e5a15241e571a369b/master/pass/TheranosHP_14754916.jpg Feed: All Latest
Theranos CEO and founder Elizabeth Holmes. (credit: NBC Today) On Monday, Theranos announced the settlement of two lawsuits that were in response to an alleged “series of lies.” Both suits had been brought by Partner Fund Management LP, a hedge fund that invested $ 96.1 million in the blood-testing company. In the suits, both filed […]
