theranos mission statement

/K 200 0 R /P 8 0 R /Type /Page Through these advertisements, the defendants explicitly represented to individuals that Theranoss blood tests were cheaper than blood tests from conventional laboratories to induce individuals to purchase Theranoss blood tests. << >> /P 51 0 R /P 380 0 R stream /Lang (EN-US) 16 [null null 199 0 R null null null 200 0 R null null null 114 0 obj /Rotate 0 /Resources 420 0 R /Lang (EN-US) endobj The Theranos scandal has dominated headlines, and both fascinated and appalled readers worldwide, since John Carreyrou's shattering report first broke in 2015. << /P 299 0 R /K 122 0 R /K 214 0 R /P 8 0 R /P 8 0 R Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20) and Ars Technica Addendum (effective 8/21/2018). Anyone who engages in deceptive practices should know they will not go undetected and will be held accountable. >> endobj 161 0 obj << /K 26 Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. /P 269 0 R >> /S /L /K 125 0 R /S /LBody >> << /K 182 0 R << >> >> << None of the information on this page has been provided or approved by Theranos. << /Parent 11 0 R >> /Lang (EN-US) /Lang (EN-US) endobj 135 0 obj 3 0 obj /Pg 235 0 R /P 8 0 R 290 0 obj << Elizabeth Holmes speaks on stage at the Glamour Women of the Year Awards where she receives an award, in New York, NY on Nov. 9, 2015. >> >> /P 289 0 R She had a charisma to her; she was very articulate,Cheung saidof Holmes. 82 0 obj /S /LBody 28 0 obj 319 0 obj << /K 10 >> /K 25 /P 354 0 R /Lang (EN-US) 396 0 obj endobj endobj /K [95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R] We connect the world's decision makers to accurate information on the financial markets and help them make faster, smarter decisions. >> 49 0 obj endobj /K 212 0 R << endobj 296 0 obj /P 54 0 R /S /LI 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". >> endobj /Resources 452 0 R /Lang (EN-US) /MediaBox [0 0 612 792] endobj When he sentenced Holmes, U.S. District Judge Edward Davila pushed to April 27 her report date to a prison in Byron, Texas, so she could give birth to her second child before being incarcerated. Carreyous account of Safeways engagement with Theranos is powerful. endobj endobj << endobj endobj endobj /Lang (EN-US) /K 7 /K 160 0 R /MCID 2 Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. 83 0 obj Elizabeth Holmes speaks during a Bloomberg, Television interview at the Vanity Fair 2015 New Establishment Summit in San Francisco, on Oct. 6, 2015. /Pg 238 0 R /Parent 5 0 R << >> Founded in 2003, Theranos is an established company that loves to hire graduates from Pima Medical Institute, with 15.9% of its employees having attended Pima Medical Institute. /Pg 243 0 R << 180 0 obj /K [374 0 R 375 0 R 376 0 R 377 0 R 378 0 R 379 0 R] 199 0 obj /S /LI endobj /K 37 /K 0 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. endobj endobj /Pg 254 0 R /S /LI /Pg 245 0 R /Lang (EN-US) If convicted, the defendants face a maximum sentence of twenty (20) years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count. << << /K 8 >> /Tabs /S << The Company's clinical laboratory offers comprehensive laboratory tests. >> /P 51 0 R /K 29 endobj /Pg 237 0 R >> 117 0 R null null null 118 0 R null null] Whistleblower and former Theranos lab tech Erika Cheung. /Pg 237 0 R >> >> 316 0 obj >> /P 55 0 R /S /P Theranos's mission statement is "Our mission is to make actionable information accessible to everyone at the time it matters". 263 0 obj >> With /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] /CropBox [0 0 612 792] Despite persistent losses, Holmes salary increased from $200,000 to $400,000, Yam said. << >> /K 9 /K 18 /K 9 /Lang (EN-US) /P 50 0 R >> /Parent 12 0 R << /K 19 Theranos employees are most likely to be members of the Democratic Party. >> >> /Type /MCR /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 /LI endstream 55 0 obj Terry Masson (Founder and Chief Executive Officer). /P 50 0 R /S /P /K 175 0 R endobj 249 0 obj << endobj >> >> /CropBox [0 0 612 792] >> /S /LBody /P 51 0 R /S /LI 48 0 obj /Pg 258 0 R /Pg 235 0 R 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 /Pg 240 0 R /Lang (EN-US) endobj /S /LI >> /Pg 257 0 R endobj /Rotate 0 << 33 0 obj << /P 380 0 R /K 29 >> /P 8 0 R /S /LBody /Lang (EN-US) /Pg 249 0 R /P 48 0 R /Lang (EN-US) . The extraordinary entrepreneur on Fortune's June cover explains her mission and opportunity aheadWant to see more Fortune Video? 212 0 obj >> << >> >> >> << /Pg 240 0 R endobj /Pg 257 0 R /P 370 0 R endobj << >> << /Lang (EN-US) /S /P /P 48 0 R This is why accounts about Theranos willingness to circumvent FDA rules and requirements, among other things, or legitimate due diligence requests made by potential clients is disconcerting yet unsurprising. << endobj /CropBox [0 0 612 792] /S /LI >> /K 2 226 0 obj << /Lang (EN-US) /Lang (EN-US) The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. /Type /Catalog /S /LBody null null 162 0 R null null null 163 0 R null null] /S /LI /Lang (EN-US) 376 0 obj 231 0 obj << << null null 152 0 R null null] endobj << /Lang (EN-US) /K 2 /K 153 0 R /P 40 0 R endobj << THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. /P 297 0 R /MCID 2 /S /LI >> << Theranos | 27,358 followers on LinkedIn. << /P 50 0 R /S /LI endobj 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.". /P 381 0 R /K 14 >> /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] /Lang (EN-US) endobj null null 127 0 R null null 45 0 R null null 128 0 R null 235 0 obj /S /LI endobj /K 18 endobj CNMN Collection 113 0 obj In fact, those challenges dwarfed in relation to the potential benefits of the vision the tech company eagerly shared with those with whom it wished to partner. 1. /Pg 240 0 R /Lang (EN-US) null 47 0 R null null 129 0 R null null null 130 0 R null << >> /S /LI << /P 8 0 R /Lang (EN-US) endobj /Lang (EN-US) /P 8 0 R The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. /Pg 241 0 R /K 128 0 R /K 24 Mission statements, where crafted and utilized effectively, have been proven to drive billions of dollars in corporate value. /RoleMap 7 0 R /Annots [] << >> /Resources 416 0 R /Pg 249 0 R /K 129 0 R 219 0 obj /Strikeout /Span /Resources 444 0 R << /K 0 endobj >> /O /Layout /P 48 0 R endobj /P 8 0 R /K 10 /P 281 0 R 330 0 obj << 242 0 obj Here are three culture takeaways from the Theranos scandal that are relevant to all leaders and employees. /P 48 0 R 100 0 obj /K 166 0 R /P 350 0 R /S /LI /Parent 14 0 R endobj ] >> 192 0 obj endobj Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. << /Lang (EN-US) /CropBox [0 0 612 792] >> /P 8 0 R /Parent 12 0 R endobj 138 0 obj 119 0 obj endobj /K 3 << /Lang (EN-US) /Lang (EN-US) For example, allegedly, Holmes and Balwani knew that the analyzer, in truth, had accuracy and reliability problems, performed a limited number of tests, was slower than some competing devices, and, in some respects, could not compete with existing, more conventional machines. >> 385 0 obj /Pg 235 0 R 352 0 obj endobj /Pg 251 0 R endobj << /K 142 0 R 143 0 obj 46 0 obj endobj >> 85 0 obj /Lang (EN-US) /K 192 0 R endobj /P 50 0 R /K 2 /Pg 241 0 R /S /LBody 1343. /Contents [441 0 R 442 0 R 443 0 R] . Just 12 tests were performed on Edison devices, and the Edison analyzer could only run one type of test for one patient at a given time, she said. /P 268 0 R 3480 Holmes said in the recent court filing, she had planned to attend a wedding of close friends in Mexico and theticket was canceled immediately when the governmentraised the issue. 320 0 obj endobj /S /LBody 190 0 obj << /S /LBody >> /K [276 0 R 277 0 R 278 0 R 279 0 R 280 0 R 281 0 R 282 0 R 283 0 R 284 0 R 285 0 R /Type /Page >> /S /LI by Elizabeth Holmes. stream /P 8 0 R /MediaBox [0 0 612 792] !xRnE1$g9`8\\5g1^"z+. 80 0 R 81 0 R 82 0 R] /P 55 0 R /Tabs /S /Lang (EN-US) >> << 350 0 obj /Lang (EN-US) /Annots [] /P 48 0 R Palo Alto, United States August 18, 2016: Elizabeth Holmes accepts The Entrepreneur award at, the 25th Annual Glamour Women of the Year Awards on Nov. 9, 2015, in New York. CNN . /S /LI /P 8 0 R /S /P null 52 0 R 53 0 R] 393 0 obj /P 50 0 R 50 0 obj /Pg 242 0 R << /Pg 248 0 R /S /LI /Lang (EN-US) /K 18 /Pg 243 0 R >> /K 36 57 0 obj University Mission Statement. /S /LBody Join the Ars Orbital Transmission mailing list to get weekly updates delivered to your inbox. /Pg 257 0 R << /S /P 130 0 obj << /S /LBody /Lang (DE-DE) /S /P endobj The alleged fraud, which Holmes perpetrated as the companys founder and CEO, may have felt less onerous due to the goodness of the vision and mission she championed. /S /P The story raised concerns about the accuracy of Theranos blood-testing technology, which put patients at risk of having conditions either misdiagnosed or ignored. /S /LI /StructParents 5 >> /P 390 0 R /S /LBody >> /S /P endobj /Tabs /S << Did you ever provide financial projections to investors? Robert Leach, an assistant US attorney,asked Yam. /S /P /P 272 0 R /Placement /Block In many ways, Theranos is the embodiment of Silicon Valley startup culture. >> endobj endobj >> /P 380 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 >> endobj /Subtype /XML /S /LBody /P 8 0 R /K 176 0 R 36 0 obj 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. /Lang (EN-US) endobj << /P 8 0 R << 230 0 obj 2023 Cond Nast. endobj /S /LBody /P 51 0 R /Parent 12 0 R endobj /K 4 367 0 obj >> endobj << << /Pg 253 0 R 121 0 obj endobj /Lang (EN-US) << She is photographed in 2014 while speaking about the company's vision at their headquarters in Palo Alto . /P 50 0 R 154 0 R null null null 155 0 R null null null 156 0 R null /S /LI >> /S /LBody >> /K 18 /P 50 0 R According to the March 2018 statement from the SEC, Theranos, . /StructParents 0 /K 147 0 R /K 17 /Lang (EN-US) The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. /StructParents 19 A vision and its attached goals may inspire and motivate, but they can also severely contrive our ability to consider a broader set of possibilities or address contradictory information. endobj << endobj /MediaBox [0 0 612 792] >> /K 14 /Type /Page /Contents [457 0 R 458 0 R 459 0 R] /Parent 11 0 R /K 148 0 R endobj /P 306 0 R /Lang (EN-US) << /Resources 464 0 R /Parent 14 0 R /S /P /Pg 238 0 R Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. << /S /LI 171 0 obj /P 42 0 R 10 0 obj The mission statement of Theranos is stated as, "To make actionable information accessible to everyone at the time that it matters". /K 10 /Lang (EN-US) The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. << /K 34 Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. /P 393 0 R /P 366 0 R /K 1 /P 8 0 R /K 10 60 0 obj /P 8 0 R /K 146 0 R /Pg 235 0 R /P 8 0 R /K 24 /S /LBody << /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 /S /LI << 167 0 obj >> << /K 151 0 R /K 25 /K 110 0 R endobj /S /P /P 260 0 R 233 0 obj /Lang (EN-US) /K 14 /P 320 0 R /Lang (EN-US) /Pg 256 0 R /S /LI /K 18 107 0 obj >> /MediaBox [0 0 612 792] >> 216 0 obj /Lang (EN-US) /Pg 235 0 R >> 256 0 obj /S /LI << << /P 51 0 R /Pg 258 0 R /S /P /K 12 /K 172 0 R 44 0 obj << In the age of corporate purpose, the mission statement serves as a reminder of why an organization exists. << The defendants also represented to investors that Theranos would generate over $100 million in revenues and break even in 2014 and that Theranos expected to generate approximately $1 billion in revenues in 2015 when, in truth, the defendants knew Theranos would generate only negligible or modest revenues in 2014 and 2015. 335 0 obj /S /LBody /Lang (EN-US) /P 8 0 R /P 328 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. /Lang (EN-US) endobj As years went by, whenever employees or experts raised warnings . << /Contents [485 0 R 486 0 R 487 0 R] /S /LI /S /P /K 14 >> 185 0 R null null] 265 0 obj 359 0 obj >> /P 276 0 R /K 24 149 0 obj /K 11 << 394 0 obj /CropBox [0 0 612 792] >> >> /Lang (EN-US) << /Parent 14 0 R /P 351 0 R /S /LI /K 196 0 R 383 0 obj /Lang (DE-DE) /S /LI >> endobj /S /LBody 15 [null null 192 0 R null null null 193 0 R null null null 388 0 obj /K 21 /K 208 0 R /P 40 0 R Assistant U.S. /Contents [425 0 R 426 0 R 427 0 R] /Lang (EN-US) /StructTreeRoot 3 0 R >> 32 0 obj << 157 0 obj /Tabs /S The . 182 0 obj /P 55 0 R 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R << >> >> endobj >> /Lang (EN-US) >> /S /L /K 5 The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. /P 51 0 R /S /LBody Zippia Score 4.7. endobj 287 0 obj endobj /K 7 /P 51 0 R << >> endobj /K 234 0 R /Lang (EN-US) 183 0 obj >> 174 0 obj /Contents [461 0 R 462 0 R 463 0 R] >> /Pg 235 0 R /Pg 247 0 R 89 0 obj /Tabs /S 187 0 obj endobj >> 40 0 obj /K 140 0 R /S /LI 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R Once a strong believer in Theranos' mission, Mattis testified that he eventually realized the Holmes had misled him with empty promises. /Pg 244 0 R endobj 146 0 obj /S /LBody /CropBox [0 0 612 792] /Pg 235 0 R 210 0 obj /P 358 0 R >> >> /P 308 0 R 252 0 obj /Pg 251 0 R 169 0 obj 341 0 obj It's unclear whether Theranos' rise and fall will turn out to be a dazzling mirage of "would-be" business . overstating the extent of Theranos' relationships with commercial partners and government entities, to whom they had also made misrepresentations . 344 0 obj /K 119 0 R /S /LBody /Type /MCR /P 40 0 R >> /P 8 0 R << endobj 254 0 obj . << /P 342 0 R /K 260 0 R 333 0 obj /S /P She now has "two very young children hertoddler and an infant," according to a recent court filing. Theranos presenting poster on an investigational ELISA for the serodiagnosis of #Zika virus infection - today at the American Society of Tropical Medicine & Hygiene . /K 198 0 R /P 287 0 R /S /LI /S /LBody << endobj /P 380 0 R /Annots [] /K 195 0 R 158 0 obj 211 0 obj >> /S /LBody /P 39 0 R /P 8 0 R /MediaBox [0 0 612 792] << /K 206 0 R 288 0 obj /Lang (EN-US) /Pg 235 0 R /Type /Pages /Lang (EN-US) endobj >> 280 0 obj endobj /S /LI /K 183 0 R << endobj /Rotate 0 << >> >> /S /P /Pg 258 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. endobj >> 128 0 obj /Lang (EN-US) /StructParents 6 >> The Associated Press contributed to this report. /Resources 488 0 R /Pg 238 0 R endobj They cite a one-way plane ticket to Mexico she booked for Jan. 26, 2022, three weeksafter her conviction onfour counts of fraud and conspiracy. /MediaBox [0 0 612 792] 304 0 obj /P 50 0 R The indictment further alleges that Holmes and Balwani knew that many of their representations about the analyzer were false. /S /LBody Competitors of Theranos include Bloomberg, Morgan Stanley, and National Journal. /K 168 0 R >> >> << /Lang (EN-US) endobj endobj /Tabs /S /P 50 0 R /P 8 0 R 65 0 obj These detailed accounts show a pattern of behaviors consistent with a distorted motivational and cognitive state. 93 0 obj /K 199 0 R /K 188 0 R /Tabs /S << Instead, Theranos continued to produce mounting losses. << /S /P >> /Pg 247 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.". << /Tabs /S /Resources 500 0 R /P 8 0 R /Resources 412 0 R 357 0 obj /Lang (EN-US) /P 59 0 R /Lang (EN-US) << 68 0 obj endobj /Lang (EN-US) /P 334 0 R /S /LBody >> endobj /P 360 0 R /S /LI /Lang (EN-US) >> /S /P 168 0 obj << /Resources 424 0 R >> endobj /Lang (EN-US) endobj /Rotate 0 /S /LBody 347 0 obj 134 0 obj endobj /Pg 239 0 R null] << /S /LI endobj /S /LI endobj endobj /K 131 0 R 15 0 obj 1 0 obj << /MediaBox [0 0 612 792] /Lang (EN-US) /Resources 460 0 R << : Sign up for our trending newsletter to get the latest news, This article originally appeared on USA TODAY: Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, American businessperson; a subject of an SEC investigation, the failed Silicon Valley startup that sought to revolutionize blood testing, Student accused of attacking teacher's aide over Nintendo Switch, Optimism of US consumers declined in February, reflecting fears of a recession, her conviction onfour counts of fraud and conspiracy, Sign up for our trending newsletter to get the latest news, Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, Kellyanne Conway, George Conway To Divorce After Decadeslong Marriage: Report, Reports: 3 children dead, 2 wounded in attack at Texas home, 'Extremely dangerous': Spike in illegal crossings at Canada-Vermont border has feds sounding alarm, School punished teen girl for working out in sports bra in 100-degree Texas heat, ACLU says, Republicans Use Arcane Political Tactic to Thwart Democrats, I Wore Katie Holmes Go-To Bag Trend for a Week, and I Finally Get the Appeal, Alex Murdaugh sentenced to life in prison for murders of wife and son, NBA Player Richaun Holmes Sues Sacramento Bee Parent for Defamation, Murdaugh defense vows appeal, even to Supreme Court, Alex Murdaugh sentenced to life in prison. /Rotate 0 /Pg 235 0 R /Annots [] 257 0 obj /Pg 257 0 R Initially she funded Real-Time Cures with her co. << /Lang (EN-US) /Lang (EN-US) /P 3 0 R /P 48 0 R 278 0 obj /K 6 194 0 obj /Lang (EN-US) 176 0 R null null null 177 0 R null null null 178 0 R null 323 0 obj /Type /MCR << /S /LI /Lang (EN-US) /P 330 0 R /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 /Lang (EN-US) 5 [null null 137 0 R null null null 138 0 R null null null endobj /Pg 245 0 R /Type /Page /P 8 0 R /Lang (EN-US) 101 0 obj /Lang (EN-US) 342 0 obj 310 0 obj << 166 0 obj endobj Elizabeth Holmes donated /Type /Page endobj 23 [83 0 R 84 0 R 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R >> << 9 [null null 157 0 R null null null 158 0 R null null null /Pg 255 0 R /Pg 235 0 R /K [273 0 R 274 0 R] /S /LBody /K 164 0 R /S /P /Annotation /Span >> endobj 255 0 obj /Lang (EN-US) << endobj << endobj /P 368 0 R Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. << /Lang (EN-US) >> /K 18 /Pg 248 0 R /Lang (EN-US) Help us make this company more transparent. << /MediaBox [0 0 612 792] << 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. << >> /P 335 0 R 274 0 obj /P 8 0 R >> 126 0 obj /Type /MCR /Pg 255 0 R /StructParents 10 << << /P 50 0 R /K 202 0 R /S /LI /S /LBody >> /Lang (EN-US) Instead, a vision made boundless by its sharp divide from reality and its extraordinarily narrow goals ended up only perpetuating a state of motivated blindness.

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