Theranos

E459893

Theranos was a now-defunct health technology company founded by Elizabeth Holmes that became infamous for falsely claiming to revolutionize blood testing and for its central role in a major corporate fraud scandal.

All labels observed (3)

Label Occurrences
Theranos canonical 13
Theranos scandal 1
rise and fall of Theranos 1

How this entity was disambiguated

Statements (61)

Predicate Object
instanceOf defunct company
health technology company
privately held company
accusation massive fraud
misleading investors
misleading patients and doctors
using conventional analyzers while claiming proprietary technology
boardMember Bill Frist
George Shultz
linked to: George P. Shultz

Henry Kissinger
linked to: Henry A. Kissinger

James Mattis
linked to: James N. Mattis

Richard Kovacevich
Riley P. Bechtel
Sam Nunn
William Perry
businessModel centralized laboratory testing using proprietary devices
claimedTechnology Edison blood-testing device
finger-prick blood testing
CMSAction revocation of California lab license
two-year ban on operating a lab
coFoundedBy Ramesh "Sunny" Balwani
linked to: Sunny Balwani
country United States
dissolutionDate 2018
employeeCountAtPeak over 800 employees
foundedBy Elizabeth Holmes
foundingDate 2003
headquartersLocation Palo Alto, California
Silicon Valley
industry healthcare technology
medical diagnostics
investorType high-net-worth individuals
venture capital firms
keyPerson Elizabeth Holmes
Ramesh "Sunny" Balwani
linked to: Sunny Balwani
legalOutcome SEC settlement with Theranos and Elizabeth Holmes in 2018
company agreed to dissolve
liquidation assets distributed to creditors
majorPartner Safeway
Walgreens
mediaCoverage extensive coverage in major U.S. and international media
nameEtymology portmanteau of "therapy" and "diagnosis"
notableEvent CMS sanctions against its laboratory in 2016
SEC civil fraud charges in 2018
Wall Street Journal investigative reports in 2015
criminal fraud charges against executives in 2018
notableFor corporate fraud scandal
false claims about revolutionary blood tests
originalName Real-Time Cures
positionHeld Elizabeth Holmes – founder and CEO
linked to: Elizabeth Holmes

Ramesh "Sunny" Balwani – president and COO
regulatoryBodyInvolved Centers for Medicare & Medicaid Services
Securities and Exchange Commission
U.S. Department of Justice
U.S. Food and Drug Administration
renamedTo Theranos
status shut down
subjectOf HBO documentary "The Inventor: Out for Blood in Silicon Valley"
Hulu miniseries "The Dropout"
book "Bad Blood: Secrets and Lies in a Silicon Valley Startup"
unicornStatus yes
valuation about 9 billion US dollars at peak

How these facts were elicited

Referenced by (15)

Full triples — surface form annotated when it differs from this entity's canonical label.

The Dropout portrays Theranos
Avie Tevanian boardMemberOf Theranos
Taylor Dunn subjectOfWork rise and fall of Theranos
linked to: Theranos
The Dropout basedOn Theranos scandal
subject linked to: Taylor Dunn
linked to: Theranos
The Dropout mainSubject Theranos
subject linked to: Taylor Dunn
Elizabeth Holmes founded Theranos
Sunny Balwani employer Theranos
Theranos renamedTo Theranos
Rebecca Jarvis coveredTopic Theranos
The Dropout mainSubject Theranos
subject linked to: Victoria Thompson
The Dropout subject Theranos
subject linked to: ABC News podcast The Dropout