theranos mission statement

/Lang (EN-US) << endobj << >> 158 0 obj /K 135 0 R >> /Pg 254 0 R Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. 204 0 obj /P 359 0 R /K 38 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. /Kids [240 0 R 241 0 R 242 0 R 243 0 R 244 0 R] >> /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] /Resources 412 0 R << But what may be less intuitive is the effect that such optimism likely had on the ability of the companys senior leadership to consider the implications of their decisions and following actions. /P 34 0 R 301 0 obj /Pg 235 0 R endobj Nov 16, 2021, 6:17 PM PST. /S /P Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. /Pg 254 0 R >> /MediaBox [0 0 612 792] /Pg 235 0 R << /K [273 0 R 274 0 R] /P 380 0 R /P 48 0 R /P 44 0 R /P 274 0 R << >> >> /P 392 0 R 172 0 obj << Theranos eventually settled that matter with the government, voluntarily closing all of its labs. Cultivating a boundless vision until the very end completely untethered from the status quo, rules, requirements and the demands of the here and now Holmes and Theranos were on a special kind of journey. /P 368 0 R 113 0 obj endobj endobj /Lang (EN-US) >> /S /LBody They proposed revoking the companys license to test human specimens. /P 284 0 R /K 10 /S /LBody >> Pay at Theranos is significantly lower than some of its highest paying competitors, like. The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. >> /Pg 258 0 R /S /P by Elizabeth Holmes. The Theranos scandal has dominated headlines, and both fascinated and appalled readers worldwide, since John Carreyrou's shattering report first broke in 2015. /Resources 464 0 R By 2017, scientific and medical and technical boards were established. endobj /Contents [409 0 R 410 0 R 411 0 R] << Theranos founder and CEO Elizabeth Holmes speaks at the Fortune Global Forum in San Francisco, California, on Monday, Nov. 2, 2015. endobj endobj endobj endobj Cheungs testimony continues today. /Pg 254 0 R /Pg 235 0 R 62 0 obj << 50 0 obj endobj /Rotate 0 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. << /S /P 393 0 obj If convicted, they could each face maximum penalties of 20 years in prisona $2.75 million fine and possiblyrestitution, the Department of Justice said. >> endobj /S /P null] >> /K 120 0 R endobj /Lang (EN-US) endobj << /Rotate 0 /TextBox /Art Theranos may also be known as or be related to Theranos, Theranos Inc, Theranos Inc. and Theranos, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. /K 10 endobj endobj /K 228 0 R /MCID 2 Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. /Lang (EN-US) /Annotation /Span >> /S /LI /Pg 255 0 R << 167 0 obj null] /P 8 0 R emblazoned in block capitals in the Theranos lobby, was 'Do or do not. << endobj /S /P 69 0 obj 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. Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. /Tabs /S The site is secure. >> /K 148 0 R 360 0 obj 312 0 obj /Lang (EN-US) Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." /A 259 0 R The national average salary for a Theranos employee in the United States is $44,094 per year. Instead, Theranos continued to produce mounting losses. /P 346 0 R endobj 39 0 obj But Theranos shared very little about its blood-testing machine with the public or medical community. 201 0 obj null] /Lang (EN-US) /K 214 0 R /K 5 /S /LBody /StructParents 16 /S /LI /S /TD endobj /K 18 . /S /LBody /Pg 254 0 R >> /S /LI /Pg 249 0 R 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. /K 212 0 R endobj 181 0 obj /K 1 endobj >> 256 0 obj /K 12 endobj /S /LBody /P 48 0 R >> /StructTreeRoot 3 0 R << /P 8 0 R /K 12 >> Theranos is a consumer healthcare technology company. 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. At times during that period, Balwani worked in several capacities including as a member of the companys board of directors, as its president, and as its chief operating officer. /S /LBody >> << /P 360 0 R And at least one employee told the financial newspaper Theranos executivesdid not report test results that would have caused concerns about the machines accuracy. /P 8 0 R endobj 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 55 0 R /S /LBody /K 6 Legal Statement. /P 55 0 R >> /StructParents 15 << /Annots [] /Type /Page /P 280 0 R 2023 Cond Nast. >> /K 167 0 R All rights reserved. /K 6 /S /LI /K 178 0 R << >> /K 8 0 R >> /Pg 235 0 R /Contents [489 0 R 490 0 R 491 0 R] endobj /K 175 0 R Jumping off the track ends not with a win for consumers, physicians, investors and the company but with charges from the DOJ and the SEC. /S /LI endobj /ParentTreeNextKey 24 /Lang (EN-US) /P 260 0 R 397 0 obj >> << /K 165 0 R /P 265 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. 314 0 R 315 0 R 316 0 R 317 0 R 318 0 R 319 0 R 320 0 R 321 0 R 322 0 R 323 0 R /Producer (Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT) /K [10 392 0 R] /Contents [469 0 R 470 0 R 471 0 R] 353 0 obj >> /S /LBody /Lang (EN-US) /S /L The company grew to be worth more than $9 billion, employing more than800 employees attracting investors such asLarry Ellison, founder of Oracle; Rupert Murdoch, billionaire media mogul; and the Walton family, who founded Walmart. 229 0 obj null 47 0 R null null 129 0 R null null null 130 0 R null Answer 1. /P 337 0 R >> /Lang (EN-US) !xRnE1$g9`8\\5g1^"z+. 142 0 obj /S /P /Pg 247 0 R 126 0 obj /K 181 0 R /Pg 257 0 R << /Subtype /XML /P 322 0 R /S /LBody 54 0 obj /S /LBody << None of the information on this page has been provided or approved by Theranos. Entrepreneurship lives in the realm of threading between the present and the future. << endobj Terry Masson (Founder and Chief Executive Officer). << /Pg 235 0 R >> 329 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. /S /P endobj /S /LI 123 0 obj 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. /P 8 0 R The FDA would like to extend our thanks to our federal law enforcement partners for sending a strong message to Theranos executives and others that these types of actions will not be tolerated, said Catherine A. Hermsen, Acting Director, FDA Office of Criminal Investigations. endobj endobj /K 205 0 R /P 268 0 R << endobj /P 8 0 R /K [24 387 0 R] endobj endobj /P 40 0 R /K 1 /K [14 389 0 R] /K 150 0 R /S /P -mission statement: to make actionable information accessible to everyone at the time it matters. >> /Tabs /S /S /LI /Contents [441 0 R 442 0 R 443 0 R] 263 0 obj /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] /Pg 256 0 R /K 164 0 R /Lang (DE-DE) /Pg 235 0 R /K 2 /Pg 248 0 R 103 0 obj /K 18 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R /K 123 0 R endobj The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. /Lang (EN-US) /P 352 0 R endobj << All rights reserved. >> According to the indictment, Holmes and Balwani used advertisements and solicitations to encourage and induce doctors and patients to use Theranoss blood testing laboratory services, even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests. Holmes faces up to 20 years in prison. /K 30 /Pg 242 0 R >> endobj /K 22 /Pg 245 0 R /Lang (EN-US) /P 8 0 R /Pg 257 0 R 228 0 obj Getty Images. The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. /P 51 0 R /S /LI 323 0 obj << 121 0 obj /P 8 0 R /Contents [433 0 R 434 0 R 435 0 R] /P 373 0 R /S /LBody >> 341 0 R 342 0 R 343 0 R 344 0 R 345 0 R 346 0 R 347 0 R 348 0 R] /K 14 >> /K 140 0 R Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT /S /LI /Lang (EN-US) endobj 282 0 obj 215 0 obj endobj endobj /S /LI endobj /S /LI 8 [null null 152 0 R null null null 153 0 R null null null /Lang (EN-US) endobj /S /LI /P 327 0 R 48 0 obj >> 166 0 obj /Parent 14 0 R /P 48 0 R << endobj /Type /Page /Lang (EN-US) /Strikeout /Span 235 0 obj endobj University Mission Statement. Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. >> 96 0 obj /S /LBody << /P 307 0 R endobj /S /LI /Lang (EN-US) /Contents [481 0 R 482 0 R 483 0 R] She had a strong sense of conviction to her mission., Cheung quit after seven months on the job and filed a whistleblower complaint with the Centers for Medicare and Medicaid Services, alleging that the company used expired lab supplies for tests run on its proprietary Edison testing devices, which themselves had major stability, precision, and accuracy problems., I was uncomfortable processing patient samples, she said. >> << >> stream This district, led by Silicon Valley, is at the center of modern technological innovation and entrepreneurial spirit; capital investment makes that possible. endobj /Pg 235 0 R /Rotate 0 /Rotate 0 The indictment alleges Holmes and Balwani defrauded doctors and patients by making false claims concerning Theranoss ability to provide accurate, fast, reliable, and cheap blood tests and test results, and through omissions concerning the limits of and problems with Theranoss technologies. 57 0 obj 45 0 obj /S /P 91 0 obj /P 8 0 R endobj 147 0 obj /S /LI >> /K 0 /MediaBox [0 0 612 792] /S /LBody /S /LI 261 0 obj endobj /P 8 0 R << 132 0 obj endobj /P 51 0 R endobj << >> >> /K 12 endobj /Resources 452 0 R << /P 328 0 R /P 272 0 R /S /L /P 8 0 R Fear a Culture of Fear. /Rotate 0 /K 141 0 R >> /Pg 237 0 R /S /LI /K 225 0 R endobj endobj /S /P Overview Salary Revenue History Demographics Competitors CEO & Executives. /K 6 >> 208 0 obj /Pg 239 0 R GET FOX BUSINESS ON THE GO BY CLICKING HERE.

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