theranos mission statement

/K 2 << /Filter /FlateDecode /S /LI >> /Length 501 0 R /Pg 243 0 R 380 0 obj Help us make this company more transparent. /K 22 /K 158 0 R /Pg 247 0 R endobj /Lang (EN-US) >> /Lang (EN-US) 190 0 obj /S /LI /Resources 444 0 R /P 8 0 R Claiming and updating your company profile on Zippia is free and easy. 384 0 obj /Pg 240 0 R >> +1 (202) 442-3507. /K 393 0 R endobj /P 8 0 R endobj /K 205 0 R /S /LBody 46 0 obj << /P 51 0 R /S /LBody /P 48 0 R >> << << /Pg 235 0 R /K 157 0 R /K 30 << /P 324 0 R 1. /Lang (EN-US) /K 212 0 R << 22 [70 0 R 71 0 R 72 0 R 73 0 R 74 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R endobj /P 278 0 R >> /P 50 0 R /Marked true 250 0 obj 371 0 obj 52 0 obj Peter DaSilva/Reuters. This office, along with our other law enforcement partners in the Bay Area, will vigorously investigate and prosecute those who do not play by the rules that make Silicon Valley work. 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. /Rotate 0 >> endobj 75 0 obj /P 274 0 R 133 0 R null null null 134 0 R null null null 135 0 R null << << endobj endobj null 114 0 R null] /Lang (EN-US) Balwani . Holmes grew up in Houston, Texas and studied chemical engineering at . /P 320 0 R 3 0 obj They proposed revoking the companys license to test human specimens. 311 0 obj >> /Contents [489 0 R 490 0 R 491 0 R] << >> /K 34 << /Lang (EN-US) << >> /P 319 0 R /K 118 0 R >> WIRED Media Group 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R 83 0 R 84 0 R >> /S /P 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. 181 0 obj 394 0 obj null 49 0 R null null 157 0 R null null] /StructParents 1 << endobj /Tabs /S Connor Radnovich/The Chronicle. The collaborative investigative work on this case conducted by Postal Inspectors, our law enforcement partners, and the United States Attorneys Office illustrates our efforts to protect both consumers and investors., The Indictment Alleges That Doctors And Patients Were Defrauded. 376 0 obj /P 8 0 R /S /LBody 270 0 obj Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. >> 141 0 obj 129 0 obj << 300 0 obj << << /O /Layout /Annots [] endobj endobj The prosecution is the result of an investigation by the FDA Office of Criminal Investigations, the FBI, and the US Postal Inspection Service. endobj endobj >> << 318 0 obj /S /P 238 0 obj << /Count 5 endobj << 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. /P 366 0 R endobj /Pg 242 0 R Theranos has established itself as a great place to work in California, and it is number 17 on Zippia's list of, The average employee at Theranos makes $44,094 per year. The Theranos HSV-1 IgG Assay is for use with the Theranos System which performs automated sample processing steps and result analysis. >> << 245 0 obj endobj endobj /Parent 12 0 R /StructParents 22 180 0 R null null null 181 0 R null null null 182 0 R null 21 [60 0 R 61 0 R 62 0 R null null 229 0 R null null null 230 0 R /K 6 /K 14 << /K 6 endobj >> >> /K 0 << /Lang (EN-US) >> 68 0 obj 88 0 obj /Placement /Block /Pg 236 0 R >> << 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. >> /S /LI 120 0 obj /S /P Follow Mike Snider on Twitter:@mikesnider. 14 [null null 186 0 R null null null 187 0 R null null null >> 89 0 obj /Pg 257 0 R /K 231 0 R /S /LI << /K [10 392 0 R] Those emails eventually made their way to Holmes, who asked, How fast can we resolve this issue? Another employee replied that, after omitting some data, the problem appeared solved. 235 0 obj Answer 1. The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. /S /LBody endobj endobj endobj >> >> endobj << 357 0 obj /S /LI The business had garnered hundreds of millions of dollars in investments and was valued at $9 billion in 2015, when a Journal expose showed the company had some not-so-favorable secrets. 387 0 obj /Resources 492 0 R 86 0 obj 217 0 obj >> 156 0 obj 82 0 obj /Contents [441 0 R 442 0 R 443 0 R] >> /S /LBody /S /LBody /Lang (EN-US) /K 10 /Type /MCR /Count 5 55 0 R 56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R /P 374 0 R endobj Using a "nanotainer" (a small device designed to draw, retain, and analyze a . << Assistant U.S. << /K 4 /Lang (EN-US) >> /Annots [] /Type /MCR 8 [null null 152 0 R null null null 153 0 R null null null /K 124 0 R endobj << /Pg 235 0 R /K 18 The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. flagrantly vague and often outright untruthful statements. << >> /S /LI << 108 0 obj << /StructParents 17 /S /LI /S /LBody 109 0 obj >> /Type /Page /Pg 235 0 R endobj endobj /K 136 0 R 336 0 obj >> 54 0 obj << /Rotate 0 350 0 obj 398 0 obj /K 204 0 R /S /LI 298 0 obj << endobj /Lang (EN-US) /Lang (EN-US) 55 0 obj endobj The mission statement of Theranos is stated as, "To make actionable information accessible to everyone at the time that it matters". null null 121 0 R null null null 122 0 R null null null /S /LBody stream /K 9 225 0 obj endobj Employees in the top 10 percent can make over $68,000 per year, while employees at the bottom 10 percent earn less than $28,000 per year. endobj 253 0 obj /K 6 endobj 38 0 obj endobj /K 0 /K 6 /P 367 0 R << /P 360 0 R << Market data provided byFactset. << /Lang (EN-US) 22 0 obj >> /K [26 383 0 R] >> /P 262 0 R /Lang (EN-US) /K 179 0 R /Pg 250 0 R endobj >> << << >> 307 0 obj << /Annots [] /Tabs /S /S /P /StructParents 9 << << 361 0 obj 15 [null null 192 0 R null null null 193 0 R null null null /P 40 0 R /P 353 0 R >> << /P 50 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 304 0 obj << /K 6 Elizabeth Holmes (Reuters); Ramesh "Sunny" Balwani (Getty Images). /S /LI /MCID 2 116 0 obj /K 218 0 R /K 165 0 R 69 0 obj endobj endobj /S /P /K 18 /Pg 252 0 R /K 18 endobj 150 0 obj null null 220 0 R null null null 221 0 R null null] /P 8 0 R /Pg 255 0 R >> /P 8 0 R << "Sunny Balwani did not start Theranos," said the lawyer . >> /K 188 0 R Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. /K 32 >> endobj /DropCap /Figure null null 174 0 R null null null 175 0 R null null null << /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 /S /P /Pg 255 0 R /Lang (EN-US) /Lang (EN-US) >> 227 0 R null null null 228 0 R null null] >> /K 171 0 R 98 0 obj /S /P /Pg 245 0 R /P 40 0 R << endobj /Pg 239 0 R >> /Pg 237 0 R /Pg 244 0 R 377 0 obj /Rotate 0 << << 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. /S /LBody /P 8 0 R For many years, in Facebook's case, its mission statement was "To give people the power to share and make the world more open and connected". << 111 0 obj /P 377 0 R /Lang (EN-US) endobj /S /LI /S /LBody >> /Pg 242 0 R /Lang (EN-US) /K 168 0 R endobj 91 0 obj The company claimed to be able to provide over 240 finger-prick blood tests, including ones that could reportedly detect cancer, according to The Wall Street Journal. /P 55 0 R The boundless part of her visioning deserves extra attention. /Type /MCR 383 0 obj /K 18 << /Lang (EN-US) >> endobj /K 28 /P 330 0 R >> /P 8 0 R 277 0 obj endobj /Pg 239 0 R 142 0 obj endobj endobj << That journey ended not, as it could have been, when the promises of its vision delivered their potential, but it ended when somebody, finally, brought reality into the picture. << Theranos, Inc. is a consumer health technology company founded in 2003 by Elizabeth Holmes. >> << /S /LI >> What we know for certain is that behind this particular corporate failure lies a cautionary tale of boundless visioning that all investors, entrepreneurs and organizations seeking breakthrough innovations should be interested in further understanding. /Lang (EN-US) << /Lang (EN-US) endobj >> Whistleblower and former Theranos lab tech Erika Cheung. << endobj /S /P /P 63 0 R << /Lang (EN-US) /Pg 235 0 R /K 9 /Pg 238 0 R endobj 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] /S /LI /Rotate 0 endobj 5 [null null 137 0 R null null null 138 0 R null null null /P 350 0 R >> << /S /LBody << endobj Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. /Pg 240 0 R /P 8 0 R 360 0 obj 346 0 obj >> /P 315 0 R /S /LBody /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] endobj endobj /Resources 412 0 R /MediaBox [0 0 612 792] /Lang (EN-US) /K 176 0 R /Pg 237 0 R Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. /P 373 0 R /Lang (EN-US) /Pg 253 0 R /P 50 0 R It included jury selection, opening statements, released text messages, and an unexpected . /P 271 0 R /P 371 0 R endobj Forbes has since . /Annots [] >> 209 0 obj Nov 16, 2021, 6:17 PM PST. endobj /K 6 /K [28 391 0 R] /S /LBody 149 0 obj /Lang (EN-US) /P 8 0 R >> 359 0 obj /S /L endobj endobj 241 0 obj /Pg 243 0 R /CropBox [0 0 612 792] /K 4 /P 48 0 R /K 1 /K 31 << !xRnE1$g9`8\\5g1^"z+. Yam said that Theranos lost $16.2 million in 2010, $27.2 million in 2011, $57 million in 2012, and $92 million in 2013. endobj /Pg 257 0 R >> /Pg 235 0 R /P 50 0 R /S /P /P 8 0 R 159 0 obj endobj In addition, the defendants delivered to doctors and patients blood results that were inaccurate, unreliable, and improperly validated. /S /TR /S /P endobj endobj /Pg 235 0 R 284 0 obj /S /LI << 198 0 obj << /P 364 0 R /P 347 0 R /Type /MCR /Lang (EN-US) Claiming and updating your company profile on Zippia is free and easy. << endobj 162 0 obj Quotes displayed in real-time or delayed by at least 15 minutes. Cheungs testimony continues today. << >> /S /P endobj We all knew it was coming. << /K 210 0 R 217 0 R null null null 218 0 R null null null 219 0 R null /S /LI /Pg 249 0 R endobj 179 0 obj endobj Brian Grossman had 20 years of experience in the healthcare space but his firm, PFM Health Sciences, invested $96 . /S /LBody stream << >> And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. /Pg 245 0 R /K 4 /Pg 235 0 R endobj /Contents [457 0 R 458 0 R 459 0 R]

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