![]() According to employees there at the time, the technology still wasn’t working. Navy Officer Admiral Gary Roughead.įormer Theranos employee Michael Craig told "Nightline," "I remember a friend of mine said your board, looks like you guys are ready to take over the world not start a medical device company."īy 2014, Theranos is valued at nearly $10 billion dollars and with the media attention plus the impressive board of directors, Theranos had attracted high-profile investors including the founders of Walmart($150 million), media mogul Rupert Murdoch ($125 million) and The DeVos family, including now Education Secretary Betsy DeVos ($100 million).īut for all the hype on the outside, on the inside things weren’t going as planned. Senators Bill Frist and Sam Nunn, and former U.S. It included former Secretaries of State George Shultz and Henry Kissinger, former Secretaries of Defense James Mattis and William Perry, former U.S. She even launched a flashy advertising campaign with Academy Award-winning filmmaker Errol Morris.Īdding to the media fascination was the all-star board of government heavyweights that Holmes had assembled. She was interviewed by former President Bill Clinton on stage at the Clinton Global Initiative and appeared on almost every major television network. Holmes became a media darling, making the rounds on the conference circuit, doing TEDMED talks and appearing on the cover of magazines. After a number of negotiations, they cut a $140 million deal with Theranos.īy 2013, the company had opened its first Theranos Wellness Center in Palo Alto, California, and by the following year they had expanded to Arizona. Walgreens saw the chance to be at the forefront of something huge and the potential to make millions or even billions of dollars in revenue. They said they had developed on-site devices that can run ".any blood test in real-time for less than half the cost of central lab tests." At the time the drugstore giant had more than 8,000 stores and if Theranos could get its technology into every single one, that would mean being on almost every street corner in the country.Īccording to Walgreens, Theranos first approached them by email in 2010, selling the promise of an innovative technology that would revolutionize blood testing. ![]() In her deposition in front of the SEC, Holmes said they were interested in partnering with Walgreens because of their retail footprint. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |