Theranos

About:

Theranos is a biotech company that claims to develop a technology that facilitates the early detection and prevention of disease.

Website: http://www.theranos.com

Twitter/X: theranos

Top Investors: Walgreens, Fortress Investment Group, The Blue Venture Fund, Puget Sound Venture Club, ATA Ventures

Description:

Theranos is a biotechnology company founded by Elizabeth Holmes in 2003. The company claimed to have revolutionized blood testing by developing a proprietary technology that could quickly and accurately conduct a wide range of tests using just a few drops of blood obtained through a fingerstick. However, in 2015, a series of investigative articles by journalist John Carreyrou in The Wall Street Journal raised serious doubts about the accuracy and reliability of Theranos' technology. The articles alleged that the company misled investors, patients, and doctors about the capabilities of its blood-testing technology. Subsequent investigations revealed that Theranos' technology was far from being reliable and accurate as claimed.