The SEC has charged Theranos, Elizabeth Holmes and Ramesh "Sunny" Balwani with fraud relating to the startup's fundraising activities. The company, as well as CEO Holmes and former president Balwani are said to have raised more than $700 million from...
SEC charges Theranos and CEO Elizabeth Holmes with ‘massive fraud’
The SEC has charged Theranos, Elizabeth Holmes and Ramesh "Sunny" Balwani with fraud relating to the startup's fundraising activities. The company, as well as CEO Holmes and former president Balwani are said to have raised more than $700 million from...
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 Grou...
Theranos, the lab testing and equipment company, has had a bad couple of years. The company has been accused of all sorts of wrongdoing, including fake test results and false claims of "innovative" laboratory equipment. Last November, drugstore Walgr...
Theranos has been having an awful time of it lately, mostly of its own making, with several lawsuits in place, including ones from Walgreens and hedge-fund Partner Fund Management (PFM). The company that promised investors a revolutionary blood-testi...
Theranos has been headed toward disaster for a while through its dodgy blood testing methods, but it might have just avoided the worst possible outcome. The biotech outfit has reached a settlement with the Centers for Medicare & Medicaid Service...
Just three months after the company laid off 340 employees, Theranos' workforce is being slashed again. The company announced today that it will part ways with another 155 employees, leaving the current Theranos headcount at 220.
It's the last episode of the year and host Terrence O'Brien is closing things out with managing editor Dana Wollman and reviews editor Cherlynn Low. After looking at the biggest winners of 2016 last week, the crew is taking on the biggest losers. Tha...
Theranos was -- is -- a blood-testing startup that promised to identify illnesses from a single drop of blood. Its innovative hardware, called Edison, could quickly spot diseases without the need for vials of blood. It was so revolutionary that pharm...
President-elect Trump's rapidly growing circle of advisers and cabinet members continues to raise eyebrows among the tech-savvy. The incoming leader has picked retired General James Mattis as his Secretary of Defense, and the Marine has been a devote...
Two more investors have filed lawsuits (PDF) against Theranos, a few weeks after Walgreens sued the embattled startup for $140 million. This is the third one filed against the company, following the drugstore chain's and Partner Fund Management's (PF...