theranos mission statement

161 0 obj /P 8 0 R /Lang (EN-US) >> << That innovation combined with the use of technology to build a somewhat bulkier though still miniature and portable yet more reliable version of the micro-Lab would have provided plenty of opportunity to make strides towards the dream of empowering people with reliable, timely and inexpensive blood testing. /P 8 0 R >> /CropBox [0 0 612 792] /Lang (EN-US) /Kids [235 0 R 236 0 R 237 0 R 238 0 R 239 0 R] endobj /Resources 488 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. (Photo by Brad Barket/Invision/AP). 258 0 obj /S /LBody null null 152 0 R null null] endobj 290 0 obj /Lang (EN-US) /CropBox [0 0 612 792] << /K [354 0 R 355 0 R 356 0 R 357 0 R 358 0 R 359 0 R 360 0 R 361 0 R 362 0 R 363 0 R /K [28 394 0 R] 26 0 obj WIRED Media Group /S /P endobj Initially she funded Real-Time Cures with her co. /P 50 0 R /S /LI /K 7 98 0 obj /A 259 0 R 163 0 obj >> 335 0 obj /S /P /P 299 0 R null] /K 165 0 R >> 1349, and nine counts of wire fraud, in violation of 18 U.S.C. /Count 5 endobj << /K 219 0 R In fact, Yam relied heavily on Holmes for financial projections. /Kids [240 0 R 241 0 R 242 0 R 243 0 R 244 0 R] << /K 233 0 R Have you worked at Theranos? << /Lang (EN-US) The Seattle-based coffee giant originated in 1971 and has since become ubiquitous around the world. /Lang (EN-US) 304 0 obj While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. /Annots [] /Pg 256 0 R << /P 55 0 R Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. /P 8 0 R /P 311 0 R 383 0 obj /Lang (EN-US) endobj /Lang (EN-US) << 286 0 R 287 0 R 288 0 R 289 0 R 290 0 R 291 0 R 292 0 R 293 0 R 294 0 R 295 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. /Type /Page << >> The .gov means its official.Federal government websites often end in .gov or .mil. /Lang (EN-US) 298 0 obj We all knew it was coming. << /Lang (EN-US) /Pg 240 0 R Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." 303 0 obj << /Lang (EN-US) Holmes faces up to 20 years in prison. /S /P /S /LI /S /LI $12,600 to the Democratic Party. 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. /S /LI /Contents [425 0 R 426 0 R 427 0 R] /P 308 0 R /P 8 0 R /P 55 0 R endobj endobj 59 0 obj >> /Lang (EN-US) 340 0 obj /StructParents 20 /Pg 235 0 R /S /P Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. << 338 0 obj 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. Connor Radnovich/The Chronicle. /K 123 0 R /Parent 12 0 R /Lang (EN-US) endobj /Pg 235 0 R /Lang (EN-US) /Parent 14 0 R /Pg 235 0 R 341 0 obj /K 8 0 R /Contents [485 0 R 486 0 R 487 0 R] << /MCID 2 /S /LI 391 0 obj endobj 123 0 obj null 24 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 238 0 obj null null 136 0 R null null null 137 0 R null null] >> /Lang (EN-US) >> In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. endobj >> endobj /S /LI Theranos' mission was "to make actionable health information accessible to people everywhere in the world, at the time they most need it." It was a lofty, inspiring, and valiantly unifying purpose, . /Lang (EN-US) /Lang (EN-US) >> /K 25 /Lang (EN-US) 17 0 obj /K 118 0 R /P 51 0 R >> 1 0 obj /Lang (EN-US) 33 0 obj /P 48 0 R /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R /K 152 0 R << 380 0 obj /CropBox [0 0 612 792] endstream /K [331 0 R 332 0 R 333 0 R 334 0 R 335 0 R 336 0 R 337 0 R 338 0 R 339 0 R 340 0 R >> /K 14 124 0 obj In many ways, Theranos is the embodiment of Silicon Valley startup culture. /K 211 0 R /Pg 252 0 R /S /LBody /Lang (EN-US) 154 0 obj endobj endobj Claiming and updating your company profile on Zippia is free and easy. endobj << /Pg 237 0 R >> /Tabs /S >> << Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." /Pg 238 0 R << /Tabs /S 79 0 obj /K 22 Elizabeth Holmes dropped out of Stanford in 2003 as a 19-year-old to start Theranos. /MediaBox [0 0 612 792] Follow Company. /Pg 254 0 R 339 0 obj endobj /K 14 328 0 obj /StructParents 5 << /K 10 >> /P 48 0 R >> /K 41 Zippia Score 4.7. /Type /Page /S /LBody endobj Mr. Balwani's lawyer started his opening statement by deflecting blame onto Ms. Holmes, who was the chief executive of Theranos. endobj /S /LBody 3480 /Pg 257 0 R << >> endobj Elizabeth Holmes and her ill-fated blood-testing start up, Theranos, are the subjects of the latest exceptional read. endobj 199 0 obj And while some have observed that her behavior showed various sociopathic tendencies, the relaxed aura that cheating in the service of a larger cause may afford the average person may amp up ethical risk far more than the risk posed by sociopathic individuals. 80 0 obj 150 0 obj /Count 9 /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] /S /P /S /LBody /StructParents 21 She already settled with the Securities and Exchange Commission (SEC) for a $500,000 penalty and 10-year ban on serving as an officer or director of a public company. /S /P /K 164 0 R /K 10 >> endobj We just didn't know what new form it would take. << /Lang (EN-US) /P 297 0 R >> /S /LBody /P 287 0 R /Tabs /S 311 0 obj Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. /P 48 0 R /S /LBody /Lang (EN-US) /P 375 0 R $1 million bail: Student accused of attacking teacher's aide over Nintendo Switch, Consumer confidence: Optimism of US consumers declined in February, reflecting fears of a recession. /P 50 0 R /S /LBody /S /LI /S /LBody /Filter /FlateDecode The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. Holmes only canceled the trip after prosecutors contacted Holmes attorneys about the unauthorized flight, prosecutors said. >> 382 0 obj /Pg 250 0 R stream /P 48 0 R /CropBox [0 0 612 792] >> The University recognizes the importance of its location in New York City and . /Lang (EN-US) /MCID 2 /S /LBody /S /LI /P 50 0 R 125 0 obj << Subscribe to our channelhttp. /P 8 0 R endobj /MCID 2 Peter DaSilva/Reuters. 378 0 obj /Lang (EN-US) << /K 30 endobj /Contents [497 0 R 498 0 R 499 0 R] endobj Holmes grew up in Houston, Texas and studied chemical engineering at . 396 0 obj /Pg 235 0 R /P 8 0 R << /Pg 235 0 R endobj Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. /O /Layout /StructParents 3 /P 8 0 R There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. endobj /Lang (EN-US) /K 1 /Type /Page /K [8 94 0 R] null null 127 0 R null null 45 0 R null null 128 0 R null 364 0 obj /Pg 248 0 R << >> /Pg 244 0 R /Contents [449 0 R 450 0 R 451 0 R] endobj endobj >> endobj >> endobj >> /Type /Pages << /Lang (DE-DE) endobj /Type /Page << /Lang (EN-US) endobj endobj 7 [null null 147 0 R null null null 148 0 R null null null /Lang (EN-US) And although entrepreneurship is very much about turning an imagined future state into reality, the vast and unchecked gap between Theranos vision and the technological incompetence of its operations was breathtaking. 366 0 obj Before sharing sensitive information, make sure you're on a federal government site. << /K 45 /Lang (EN-US) /Rotate 0 /Tabs /S Join the Ars Orbital Transmission mailing list to get weekly updates delivered to your inbox. >> /S /LBody /K 8 Terry Masson (Founder and Chief Executive Officer). 356 0 obj null null 225 0 R null null null 226 0 R null null null /P 40 0 R /Lang (EN-US) "Sunny Balwani did not start Theranos," said the lawyer . >> Morever, Holmes needs to grow a . /Lang (DE-DE) << >> /Pg 244 0 R 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 /LI << /K 21 /Tabs /S >> /Tabs /S >> /K 49 237 0 obj /Pg 256 0 R /S /P /Pg 247 0 R /P 50 0 R /Lang (EN-US) /Pg 244 0 R /P 8 0 R What's everyone talking about? Elizabeth Holmes blue eyes and baritone voice, her, albeit incomplete, Stanford credentials and well-crafted life narrative were the perfect exterior to a dream-come-true vision of a better future for millions of people. >> /K 2 394 0 obj There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. /P 51 0 R >> ", EX-THERANOS CEO ELIZABETH HOLMES PROVIDING OWN DEFENSE IN CIVIL SUIT: REPORT. /K [273 0 R 274 0 R] /K 34 The defendants also represented that the analyzer could produce results that were more accurate and reliable than those yielded by conventional methodsall at a faster speed than previously possible. >> /Annots [] << 361 0 obj /P 8 0 R /S /P >> /K 6 << /S /P 227 0 obj << /S /LBody >> /Pg 253 0 R /K 24 >> /Pg 239 0 R endobj endobj >> /Resources 492 0 R /K 18 /RoleMap 7 0 R 360 0 obj /Type /Page /DropCap /Figure 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. /K 212 0 R /S /L >> endobj >> /P 368 0 R /Pg 241 0 R /P 286 0 R << /Rotate 0 Last week, Zuckerberg was back with 3,000 words . /K 216 0 R endobj << endobj endobj << /K 21 /K 9 endobj /CropBox [0 0 612 792] << 86 0 obj /Pg 257 0 R Help other job seekers by rating Theranos. >> /Lang (EN-US) << /Lang (EN-US) /Lang (EN-US) 84 0 obj /P 40 0 R endobj /K 200 0 R << /S /LBody /S /L 347 0 obj 354 0 obj 277 0 obj /Lang (EN-US) /Contents [429 0 R 430 0 R 431 0 R] endobj /Lang (EN-US) /P 48 0 R /Pg 255 0 R 136 0 obj 37 0 obj overstating the extent of Theranos' relationships with commercial partners and government entities, to whom they had also made misrepresentations . /Pg 235 0 R /S /P << << Theranos is a consumer healthcare technology company. /P 48 0 R >> 367 0 obj << /S /LI endobj endobj The conduct alleged in these charges erodes public trust in the safety and effectiveness of medical products, including diagnostics. /K 117 0 R << /S /LBody >> This is how Theranos's huge valuation was birthed and where a critical legal problem lies. 320 0 obj /S /P /Lang (EN-US) >> /P 8 0 R /S /LBody << endobj /P 295 0 R An indictment merely alleges that crimes have been committed, and the defendants are presumed innocent until proven guilty beyond a reasonable doubt. /K 166 0 R endobj << /K 5 /K 15 ] The defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests, including the tests for calcium, chloride, potassium, bicarbonate, HIV, Hba1C, hCG, and sodium. /Rotate 0 10 [null null 163 0 R null null null 164 0 R null null null endobj Quotes displayed in real-time or delayed by at least 15 minutes. endobj >> /Lang (EN-US) << 286 0 obj /K 136 0 R /S /P /S /LBody /Parent 12 0 R >> null] /S /TD 301 0 obj /Rotate 0 202 0 obj /S /P << /S /LI << /K 185 0 R 87 0 obj endobj 372 0 obj /S /LI We searched far and wide for the best company mission statement examples. It's unclear . The motion for release said that Holmes is not a flight risk and "is highly motivated to continue complying with her conditions of release sothat she can work with her lawyers while she pursues her appeal.". 102 0 obj /Outline /Span /P 346 0 R 68 0 obj /Pg 235 0 R endobj /S /P 249 0 obj 187 0 obj << endobj >> 92 0 obj /S /LBody /Lang (EN-US) /Lang (EN-US) 323 0 obj /Resources 416 0 R /P 51 0 R >> Elizabeth Holmes, the infamous biotech chief executive who promised to revolutionize blood testing, has been found guilty of fraud. << << /S /P Theranos founder Elizabeth Holmes, now a mother of two, is asking to delay her 11-year sentence for felony fraud so she can be at home with her two young children while she appeals the conviction. /Lang (EN-US) /Contents [493 0 R 494 0 R 495 0 R] /Pg 245 0 R /Parent 12 0 R /S /LI >> endobj >> >> 281 0 obj endobj /Producer (Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT) /P 8 0 R /P 262 0 R /K 151 0 R /S /LI /K 2 /Pg 258 0 R << endobj /K 10 /K 146 0 R /Pg 258 0 R /S /P endobj /K 119 0 R /P 166 0 R /S /P /Lang (EN-US) /S /L /K 181 0 R endobj /Pg 256 0 R /P 48 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. stream /Lang (EN-US) /P 8 0 R /S /LI >> /K 6 (REUTERS/Carlo Allegri). /P 334 0 R << 71 0 obj /Resources 468 0 R >> /P 347 0 R << >> /Pg 257 0 R endobj endobj /StructParents 10 << >> /Lang (EN-US) 215 0 obj /K 18 /P 8 0 R /P 8 0 R /S /LBody endobj /MediaBox [0 0 612 792] << >> >> << /Contents [421 0 R 422 0 R 423 0 R] /K 182 0 R << >> /S /LBody 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. Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. /S /LBody << To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. /Lang (EN-US) /S /P /P 8 0 R /Pg 245 0 R /P 59 0 R Surprisingly, few paid much attention to that unchecked gap before the truth began to come out. >> 263 0 obj endobj << >> << /S /LI /Pg 235 0 R 252 0 obj endobj /P 284 0 R /P 369 0 R /P 350 0 R >> << The prosecution is the result of an investigation by the FDA Office of Criminal Investigations, the FBI, and the US Postal Inspection Service. At the peak of her career in 2015, Forbes estimated her net worth at $4.5 billion. << 262 0 obj Market data provided byFactset. Investors who put a total of $632 million into Theranos in its latest funding round from 2014 to 2015 included " Rupert Murdoch and family-controlled Cox Enterprises Inc., -- [Cox family holdings . >> >> /Parent 14 0 R /Type /MCR /K 202 0 R /S /LBody endobj /P 63 0 R 398 0 obj /S /LBody << << /S /LI << << /Resources 464 0 R /Lang (EN-US) /MarkInfo 2 0 R /K 187 0 R /StructParents 7 91 0 obj 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. /Annots [] /S /P 368 0 obj endobj << /Annots [] << 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. endobj /K 390 0 R Theranos | 27,358 followers on LinkedIn. /Type /Page 69 0 obj >> /P 8 0 R /K 2 >> The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. /Rotate 0 /Filter /FlateDecode /Annots [] endobj 212 0 obj endobj /Pg 253 0 R 48 0 obj /CropBox [0 0 612 792] << endobj /Pg 235 0 R /P 48 0 R /S /LI /P 50 0 R << << Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. << Most of the tests that Theranos was performing for clients were done on devices made by other companies, Cheung testified. >> << /S /P >> >> 334 0 obj endobj << n. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. >> 34 0 obj /P 55 0 R endobj /MediaBox [0 0 612 792] null 114 0 R null] 13 [null null 178 0 R null null null 179 0 R null null null /K [380 0 R 381 0 R] /S /LBody Easy acce View the full answer << /P 54 0 R Theranos representeda potential disruptor to costly and quasi-monopolistic healthcare players that would help people get the right cure at the right time. /Pg 243 0 R Theranos was a private health care company, with a mission to revolutionize lab testing through innovative methods for drawing blood, testing blood, and interpreting resulting patient data. << /K 229 0 R 154 0 R null null null 155 0 R null null null 156 0 R null >> /Pg 237 0 R /P 55 0 R >> >> /S /LBody /Pg 245 0 R /Lang (EN-US) /Contents [481 0 R 482 0 R 483 0 R] endobj /S /LI >> None of the information on this page has been provided or approved by Theranos. >> . /Pg 247 0 R /P 381 0 R /S /LI << 164 0 obj 203 0 obj endobj /Pg 249 0 R >> endobj /K 9 endobj >> /Pg 251 0 R /MCID 2 << 41 0 obj 318 0 obj /K 155 0 R /Annots [] 287 0 obj /Lang (EN-US) /S /LI >> 184 0 obj /Pg 255 0 R /Lang (EN-US) /Pg 239 0 R /Parent 13 0 R 97 0 obj << /P 8 0 R >> /P 55 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. /Pg 256 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. endobj /P 393 0 R >> endobj >> /P 51 0 R endobj /Lang (EN-US) /P 171 0 R /Type /Page << /K 24 78 0 obj In court documents, federal prosecutors have said Holmes is a flight risk. endobj 313 0 obj >> 279 0 obj /Lang (EN-US) 15 [null null 192 0 R null null null 193 0 R null null null /MediaBox [0 0 612 792] null null 142 0 R null null null 143 0 R null null] /Type /Page

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