Posted July 16, 201510 yr comment_61102 Anyone else following this? If not yet, you should be. I would be interested in other's POV. Thanks, Scott
July 17, 201510 yr comment_61115 Seen things like this explode before due to inadequate validation and substandard results in practice.
July 25, 20159 yr comment_61208 Why he secrecy about the methodology. They are a running laboratory in California, so why is there no I for yet? They are opening in Walgreens soon, so I still think it's odd with all the secrecy in the company!
July 27, 20159 yr comment_61228 http://www.degruyter.com/applib/newsitem/139/theranos-a-healthcare-industry-revolution-or-a-marketing-phenomenon
November 20, 20159 yr comment_62850 http://fortune.com/2015/10/31/theranos-timeline/"The FDA published two lab inspection reportson Theranos. In addition to finding the nanotainers to be uncleared medical devices, the reports also alleged poor record-keeping, mishandled complaints and a lack of quality audits"
November 21, 20159 yr comment_62858 She'll take all of her money and go into hiding. You heard it here first.
March 1, 20169 yr Author comment_64769 Form the Financial News today, 3-1-16, Walgrens is looking at ways to get out of their arrangement with Theranos. It includes this paragraph, which pretty much sums it all up: Theranos emerged as an exciting startup with a promise to use just a single drop of blood to conduct medical testing. Unfortunately, these claims began to unravel when the science was questioned and regulators began to pay attention. When the US Center for Medicare and Medicaid Services got involved, it found that the firm wasn't following basic procedures for blood tests. In fact, the agency claimed that Theranos' "deficient practices" were so bad that the company posed an "immediate jeopardy to patient health." Its the old adage: If it seems too good to be true, it probably is. What I don't understand (about the world of finance), is how Theranos became valued at $9 billion in the first place. Apparently financial media reports about valuations are meaningless. Scott
March 8, 20169 yr comment_64849 Bought shares immediately on announcement of the tech and just sold them prior to it all blowing up and made myself a tidy £2000
April 17, 20196 yr Author comment_76541 On June 15, 2018, following an investigation by the U.S. Attorney's Office in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president Ramesh "Sunny" Balwani on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Prosecutors allege that Holmes and Balwani engaged in two criminal schemes, one to defraud investors, the other to defraud doctors and patients.[7][56] After the indictment was issued, Holmes stepped down as CEO of Theranos but remained chairperson of the board.[8] The case is proceeding in the U.S. District Court in San Jose. Holmes and Balwani have pleaded not guilty.[57] They face up to 20 years in prison.[58]
July 7, 20196 yr Author comment_77539 The book by Carreyrou is pretty good. Holmes and Balwani go on trial next summer. Scott
August 1, 20195 yr comment_77831 I was fortunate to attend a talk from John Carreyrou sponsored by the CU Business school. His take on the business side and the board was very interesting. I had already read his book Bad Blood, and personally I hope she rots in jail. I am fairly convinced that she is a sociopath.
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