The rise and fall of theranos. A company that promised to check for cancer, colestral diobetes and a host of other diseases using affordable methods. The top two diagnostic labs in the us raked in upwards of 75 million dollars in revenues each year. In 20 15, former employers blew the whistle on the company's shady practice.
This week, Elizabeth Holmes, the founder of Theranos was found guilty of 4 counts of fraud in a US court. And in today’s episode for 7th January 2022, we explain how a Silicon Valley-based startup that promised to revolutionise blood testing crashed and burned.