Theranos

It counts Oracles Larry Ellison among its investors. Theranos was once valued at 9 billion and Forbes magazine in 2015 estimated Holmes net worth at 45 billion.

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But the company had one big problem.

. Their technology didnt work. Oʊ s was an American privately held corporation that was touted as a breakthrough health technology company. At one point Theranos was valued at 9 billion.

With a few drops of blood Theranos promised that its Edison test could detect conditions such as cancer and diabetes quickly without the hassle of needles. Founded in 2003 by 19-year-old Elizabeth Holmes 3 Theranos raised more than US 700 million from venture capitalists and private investors 4 resulting in a 10 billion valuation at its peak in 2013 and 2014. ˈ θ ɛr.

Theranos has raised more than 400 million according to a profile of the company and Holmes by The New Yorker. The FDA only approved it for a single test for herpes simplex 1 virus. More than 130 friends family investors and former Theranos employees submitted.

It counts Oracles Larry Ellison among its investors. Bigwigs from Henry Kissinger to general. Theranos Inc a consumer healthcare technology startup was once valued at 10 billion and its leadership claimed it would revolutionize the blood-testing industry.

Theranos has raised more than 400 million according to a profile of the company and Holmes by The New Yorker.

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