theranos mission statement

endobj endobj /MediaBox [0 0 612 792] << /Lang (EN-US) /S /LI /SourceModified (D:20180314151216) /Pg 244 0 R /Annots [] /P 33 0 R << /P 48 0 R /S /LBody /Type /Page endobj << /Resources 436 0 R /K 176 0 R << /Lang (EN-US) /K 9 381 0 obj A March 17 hearing is scheduled on her request to stay out of prison during her appeal. 127 0 obj endobj /S /P /S /LI >> 40 0 obj /Contents [441 0 R 442 0 R 443 0 R] /K 186 0 R /Type /Catalog /Pg 237 0 R /P 50 0 R /K 6 endobj endobj endobj /Lang (EN-US) /K 182 0 R /K 12 /Pg 249 0 R /K 9 >> endobj 354 0 obj /S /LBody /S /LI /S /P /S /LBody /P 8 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.". null null 121 0 R null null null 122 0 R null null null endobj endobj /P 285 0 R /S /L /K 6 /K 18 /P 326 0 R /MediaBox [0 0 612 792] << flagrantly vague and often outright untruthful statements. /S /P /Pg 255 0 R /Rotate 0 >> /P 318 0 R /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 /Tabs /S /P 55 0 R /S /P /Pg 242 0 R 10 0 obj The University recognizes the importance of its location in New York City and . endobj . 222 0 obj 256 0 obj 259 0 obj /Author () /Lang (EN-US) 375 0 obj << /Lang (EN-US) /P 50 0 R >> /Pg 244 0 R << /K 5 /K 18 endobj /S /LI /S /LI endobj Theranos was a blood testing company based in Palo Alto and Newark, Calif. Holmes used a combination of direct communications, marketing materials, statements to the media, financial statements . /S /LBody << endobj >> /Lang (EN-US) /S /LI /K 10 /Pg 249 0 R << /S /P /P 278 0 R /Pg 243 0 R /P 279 0 R << /P 8 0 R 365 0 obj /Pg 252 0 R endobj /Pg 235 0 R endobj /S /LI /Parent 5 0 R Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. endobj << /Annots [] endobj /S /LI << << >> The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. /S /LBody /Lang (EN-US) /P 48 0 R The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. Holmes grew up in Houston, Texas and studied chemical engineering at . 228 0 obj /P 23 0 R 199 0 obj null null 220 0 R null null null 221 0 R null null] >> /Lang (EN-US) /K 6 /S /LI endobj 15 [null null 192 0 R null null null 193 0 R null null null /P 51 0 R /P 8 0 R Connor Radnovich/The Chronicle. /P 333 0 R /MCID 2 /K 127 0 R Balwani, who was convicted on 12 counts of fraud and conspiracy and sentenced to nearly 13 years in prison, is also seeking to remain free amidan appeal. 106 0 obj As years went by, whenever employees or experts raised warnings . /P 361 0 R The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. 154 0 obj /MediaBox [0 0 612 792] /S /P >> /Lang (EN-US) >> << Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. 376 0 obj /P 50 0 R >> endobj /P 8 0 R >> /Pg 243 0 R /S /LBody /S /LI /Parent 14 0 R /K 22 Help us make this company more transparent. /Lang (EN-US) >> /Annots [] /K 129 0 R endobj >> /ParentTreeNextKey 24 . /P 50 0 R /S /LI endobj << << /K 21 << endobj << /Tabs /S 7 0 obj /Contents [433 0 R 434 0 R 435 0 R] << Research on the dark sides of creativity suggests that not only are people more likely to act dishonestly when they are in a creative state, but that cheating, in itself, can actually make people more creative. /P 8 0 R 2018-03-14T09:02:10-07:00 >> Although it is a merger of two major companies in 2015, Kraft Heinz's mission and vision statements retain the critical elements and objectives contained in the mother firms - H.J. << 291 0 obj /S /P /K 20 endobj /Pg 243 0 R 153 0 obj /K 197 0 R 57 0 obj /S /LI /S /P /S /LBody >> null] /S /LI /P 286 0 R endobj endobj /K 6 << >> Legal Statement. 271 0 obj Tim De Chant endobj >> /K 155 0 R >> /P 8 0 R /K 157 0 R /StructParents 22 209 0 obj >> endobj /Lang (EN-US) null null 174 0 R null null null 175 0 R null null null << 377 0 obj /Lang (EN-US) << endobj /CropBox [0 0 612 792] >> /K 18 /S /LBody /Pg 256 0 R Based in Palo Alto, CA, Theranos is a small health care company with only 100 employees and an annual revenue of $55.3M. /Pg 247 0 R /K 142 0 R << 200 0 obj 2023 FOX News Network, LLC. /P 301 0 R << Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. endobj /S /LBody >> /Contents [489 0 R 490 0 R 491 0 R] /Pg 240 0 R Your California Privacy Rights | Do Not Sell My Personal Information >> /Parent 13 0 R 145 0 obj By 2017, scientific and medical and technical boards were established. Zippia gives an in-depth look into the details of Theranos, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Theranos. /K 51 >> We searched far and wide for the best company mission statement examples. /K 214 0 R Getty Images. /Pg 258 0 R << /P 358 0 R /S /P /StructTreeRoot 3 0 R Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 2013 and 2014. /S /LI >> /Annots [] 29 0 obj /K 233 0 R 117 0 R null null null 118 0 R null null] << /Lang (EN-US) /Type /Page /StructParents 17 /P 8 0 R /P 44 0 R Carreyous account of Safeways engagement with Theranos is powerful. >> 334 0 obj >> /P 48 0 R endobj /MCID 2 /S /P >> /Pg 246 0 R /S /LI /Pg 235 0 R >> endobj endobj << >> /K 148 0 R << 122 0 obj 339 0 obj 368 0 obj << /K 14 /K 393 0 R Elizabeth Holmes (Reuters); Ramesh "Sunny" Balwani (Getty Images). << /K 18 /Underline /Span 124 0 obj << 177 0 obj 180 0 R null null null 181 0 R null null null 182 0 R null >> endobj /S /LBody /Resources 468 0 R Theranos is in the biotechnology industry. /P 319 0 R << /Lang (EN-US) Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. /S /LI /Metadata 4 0 R /K 234 0 R Competitors of Theranos include Bloomberg, Morgan Stanley, and National Journal. << /K 227 0 R >> 328 0 obj /CropBox [0 0 612 792] /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] 67 0 obj /P 336 0 R /S /LI >> /P 51 0 R /Pg 235 0 R << /K 18 /P 50 0 R Next to a perfectly dosed narrative of black turtlenecks, sprawling office facilities, glossy paper spreads and alluring marketing campaigns, the supposed Apple look-alike of the health technology industry tantalized investors and consumers with its mission, to facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. Its no surprise that many bought into it. /Pg 246 0 R /P 343 0 R /StructParents 18 /Type /MCR << 141 0 obj << >> << /Lang (EN-US) /K 174 0 R /S /L /Pg 238 0 R /P 8 0 R Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. /Pg 258 0 R 250 0 obj /Lang (EN-US) /S /P In his book Bad Blood, John Carreyrou documented accounts describing Elizabeth Holmes unwillingness to revise the original micro-Lab specs and her reported tendency to shut off whoever tried to provide realistic feedback or solutions to the technical problems Theranos was facing. endobj /S /LI << /K 6 << /S /LBody 251 0 obj /MediaBox [0 0 612 792] 145 0 R null null null 146 0 R null null null 147 0 R null /S /P /K 193 0 R << /Contents [473 0 R 474 0 R 475 0 R] 3553. /Chart /Figure >> Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. /Pg 256 0 R /P 63 0 R /Pg 235 0 R 393 0 obj 287 0 obj endobj /Lang (EN-US) /P 48 0 R /K 146 0 R ", EX-THERANOS CEO ELIZABETH HOLMES PROVIDING OWN DEFENSE IN CIVIL SUIT: REPORT. >> /Contents [437 0 R 438 0 R 439 0 R] >> << /CropBox [0 0 612 792] >> << << The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. /P 55 0 R /S /P >> >> /Pg 235 0 R << /P 8 0 R 175 0 obj This office, along with our other law enforcement partners in the Bay Area, will vigorously investigate and prosecute those who do not play by the rules that make Silicon Valley work. /Parent 11 0 R /P 51 0 R /S /LBody /Lang (EN-US) /S /LI Both schemes involved efforts to promote Palo Alto, Calif.-based Theranos. /P 284 0 R << 63 0 obj Investors who put a total of $632 million into Theranos in its latest funding round from 2014 to 2015 included " Rupert Murdoch and family-controlled Cox Enterprises Inc., -- [Cox family holdings . /Annots [] << /K 162 0 R Easy acce View the full answer /S /LBody 182 0 obj /Tabs /S /P 260 0 R /K 22 75 0 obj Have you worked at Theranos? << /Pg 258 0 R /P 51 0 R >> /S /LBody /Lang (EN-US) /Lang (EN-US) The defendants also represented that the analyzer could produce results that were more accurate and reliable than those yielded by conventional methodsall at a faster speed than previously possible. /K 140 0 R endobj >> >> /K 200 0 R >> /Annotation /Span >> /P 8 0 R 64 0 obj /Lang (EN-US) /K 231 0 R endobj >> /K 120 0 R >> endobj /P 297 0 R After asking questions about Theranos continued losses and lack of revenue, prosecutors showed Yam a document they said was shared with investors; it projected $140 million in revenue in 2014 and $990 million in 2015. 171 0 obj Todays indictment alleges that through their company, Theranos, CEO Elizabeth Holmes and COO Sunny Balwani not only defrauded investors, but also consumers who trusted and relied upon their allegedly-revolutionary blood-testing technology., This indictment alleges a corporate conspiracy to defraud financial investors, said Special Agent in Charge Bennett. << >> Theranos founder Elizabeth Holmes "lied and cheated" for money and fame, prosecutors alleged on the first day of the former Silicon Valley star's trial. /K 185 0 R /P 8 0 R >> endobj /Pg 239 0 R 308 0 obj She pitched its technology as a cheaper way to run dozens of blood tests with just a prick of a finger and a few droplets of blood. /S /P /P 324 0 R 1 0 obj /P 51 0 R WIRED Media Group /Lang (EN-US) endobj << /Annots [] Theranos founder Elizabeth Holmes arrives at San Jose court, Theranos CEO on companys blood testing system. << /MediaBox [0 0 612 792] Initially she funded Real-Time Cures with her co. Overview Salary Revenue History Demographics Competitors CEO & Executives. /Type /Page /P 50 0 R 27 0 obj << >> /S /P /P 54 0 R << stream /S /LBody Mr. Balwani's lawyer started his opening statement by deflecting blame onto Ms. Holmes, who was the chief executive of Theranos. /K 8 null null 136 0 R null null null 137 0 R null null] /K [273 0 R 274 0 R] /P 316 0 R 20 [null null 221 0 R null null null 222 0 R null null 56 0 R /Resources 476 0 R /Pg 240 0 R /K 133 0 R /Pg 256 0 R << /S /LBody /Lang (EN-US) 52 0 obj Follow Mike Snider on Twitter:@mikesnider. /S /L endobj << << endobj /S /LI The prosecution is the result of an investigation by the FDA Office of Criminal Investigations, the FBI, and the US Postal Inspection Service. endobj Cheungs testimony continues today. >> /Resources 416 0 R /Lang (EN-US) >> /MediaBox [0 0 612 792] endobj /P 282 0 R /S /LBody /P 51 0 R The business had garnered hundreds of millions of dollars in investments and was valued at $9 billion in 2015, when a Journal expose showed the company had some not-so-favorable secrets. endobj /K 0 endobj /P 260 0 R Several months later, with encouragement from her professor, Channing Robertson, Holmes quit Stanford. /Lang (EN-US) 197 0 obj >> endobj << /Endnote /Note /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. 232 0 obj >> endobj /P 55 0 R /S /LBody 310 0 obj /K 5 <> /Tabs /S Companies in Silicon Valley are wonderfully fond of describing themselves as "mission-driven.". endobj /K 230 0 R /Type /Page /S /LBody 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. 159 0 R null null null 160 0 R null null null 161 0 R null endobj 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. /Lang (EN-US) << >> << /P 54 0 R /Type /MCR /S /TD /Lang (EN-US) /K 30 /K 14 endobj /Pg 256 0 R /K 172 0 R endobj /Resources 452 0 R 178 0 obj /S /LBody 17 0 obj Theranos | 27,358 followers on LinkedIn. /Tabs /S /P 8 0 R /S /P /P 8 0 R /Lang (EN-US) >> 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. 288 0 obj /S /P For example, with respect to investors, defendants performed technology demonstrations during which defendants intended to cause potential investors to believe blood tests were being conducted on Theranoss proprietary analyzer when, in fact, the analyzer really was running a null protocol and was not testing the potential investors blood. /P 8 0 R endobj /S /P >> endobj 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 50 0 R /P 341 0 R endobj I did not think the technology we were using was adequate enough to be engaging in that behavior.. /Resources 424 0 R /Pg 244 0 R /Lang (EN-US) /Contents [461 0 R 462 0 R 463 0 R] >> 88 0 obj endobj Washington, DC. 55 0 obj >> 142 0 obj >> /Type /MCR endobj 1 /S /P /Type /MCR >> 358 0 obj /P 275 0 R /Resources 464 0 R The Associated Press contributed to this report. endobj >> << /Pg 244 0 R Here are three culture takeaways from the Theranos scandal that are relevant to all leaders and employees. 272 0 obj endobj /P 8 0 R /K 24 >> endobj endobj << Did you ever provide financial projections to investors? Robert Leach, an assistant US attorney,asked Yam. Department of Justice /Pg 239 0 R endobj >> 322 0 obj endobj /Pg 252 0 R /Lang (EN-US) /MediaBox [0 0 612 792] Total losses surpassed $800 million, prosecutors said. /K 34 << >> 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. endobj /Lang (EN-US) /S /P /Lang (EN-US) /P 55 0 R endobj The company grew to become a business worth billions. << /Pg 243 0 R <> /K 14 >> >> /K 217 0 R << Peter DaSilva/Reuters. >> /Pg 238 0 R <> /CropBox [0 0 612 792] /Lang (EN-US) << such statements undermine confidence . >> /P 355 0 R Balwani . 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. 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 /Pg 235 0 R /Pg 256 0 R 125 0 obj /P 51 0 R /P 307 0 R /K 260 0 R /K 18 /CropBox [0 0 612 792] /Pg 250 0 R /S /LI /S /P 173 0 obj Elizabeth Holmes, the infamous biotech chief executive who promised to revolutionize blood testing, has been found guilty of fraud. /S /LI /K 228 0 R /K 23 /K 10 >> /K 201 0 R It's unclear . endobj << >> /P 50 0 R stream /S /P /S /LBody /S /P 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 8 0 R endobj /Annots [] 53 0 obj /P 364 0 R /S /P >> << << /P 8 0 R /S /LI /P 8 0 R Cheung said she joined the company largely on the star power of its CEO. endobj Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". endobj endobj The vision was to revolutionize blood testing and place these miniature labs in homes across the world. null null 197 0 R null null null 198 0 R null null null /S /P /Lang (EN-US) Powered and implemented byFactSet Digital Solutions. Morever, Holmes needs to grow a . endobj /S /LBody /Lang (EN-US) << >> /K 149 0 R << >> >> A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. /Lang (EN-US) /Pg 255 0 R 196 0 obj << /Pg 257 0 R << /S /LI /Lang (EN-US) /K 16 /Contents [453 0 R 454 0 R 455 0 R] endobj Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. /Pg 255 0 R >> /Type /Page endobj endobj /K 220 0 R /StructParents 20 /K [26 384 0 R] /P 50 0 R /Pg 257 0 R /K 170 0 R /K 167 0 R /S /LBody /Lang (EN-US) >> /S /LBody /Lang (EN-US) endobj /Annots [] >> /Parent 5 0 R endobj Assistant U.S. /Pg 251 0 R endobj >> Holmes dropped out of Stanford University at 19 to found Theranos in 2003. /P 312 0 R >> /K 31 /P 42 0 R << /S /LBody Holmes will head to trial starting Aug. 4, and Balwani will be tried afterthe conclusion of Holmes case, Bloomberg reported. >> endobj endobj endobj /K 9 The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. endobj /Pg 249 0 R endobj endobj 202 0 obj 286 0 obj /Pg 257 0 R THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. /Lang (EN-US) /S /L /S /LBody >> << /P 8 0 R /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 << /K 6 311 0 obj 41 0 obj /K 29 8 0 obj /Pg 257 0 R << /S /LBody endobj /S /P endobj /S /LBody /P 8 0 R 110 0 obj null 47 0 R null null 129 0 R null null null 130 0 R null 273 0 obj /Contents [493 0 R 494 0 R 495 0 R] /Lang (EN-US) /Lang (EN-US) /K 134 0 R Read company statement regarding investor . << >> null 114 0 R null] . >> /P 380 0 R << << /Pg 238 0 R /Type /Pages 112 0 obj /P 48 0 R /S /LI /Superscript /Span endobj 314 0 obj << /P 51 0 R An official website of the United States government. /K 11 /S /LI Theranos was a private health care company, with a mission to revolutionize lab testing through innovative methods for drawing blood, testing blood, and interpreting resulting patient data. /Contents [485 0 R 486 0 R 487 0 R] <> /S /L endobj /S /LBody >> >> /Pg 235 0 R /S /P /Pg 258 0 R /S /LI /K 22 1343. endobj >> >> <> /S /LBody 199 0 R null null] >> >> Indication(s) for use: Same as the intended use 3. /K 13 << >> 369 0 obj endobj /S /LI /P 265 0 R 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 /P 281 0 R endobj /P 368 0 R /S /LI /Pg 258 0 R /Tabs /S << /StructParents 13 endobj /P 8 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] 19 [null null 215 0 R null null null 216 0 R null null null /P 353 0 R /K 18 18 [null null 209 0 R null null null 210 0 R null null null >> 160 0 obj Last week, Zuckerberg was back with 3,000 words . >> 85 0 obj >> /Pg 257 0 R Once a strong believer in Theranos' mission, Mattis testified that he eventually realized the Holmes had misled him with empty promises. endobj >> null 110 0 R null null null 111 0 R null 112 0 R null 113 0 R >> /Pg 253 0 R /Type /MCR << But in February, the pair had a number of charges dropped, excluding wire fraud. endobj << 286 0 R 287 0 R 288 0 R 289 0 R 290 0 R 291 0 R 292 0 R 293 0 R 294 0 R 295 0 R

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