Jump to content

Theranos

Rate this topic


HopHead

Recommended Posts

Gullible investors thought they were looking at another Apple, Microsoft or Google. A diminutive pinprick blood test that could provide as many assay results as a conventional blood draw? Wow, sounds fantastic. Problem was, Dizzy Lizzy deflected, denied and deferred any request for peer-reviewed data that the Theranos "Edison" actually did anything whatsoever. Instead, she was farming out blood tests to standard labs like Quest and LabCorp. To make matters worse, the patients who relied on "edison" tests were misled because Edison could not produce accurate readings on PSA, Lipids or glucose. But what the heck, she had to be legit, right? She was 19 when she dropped out of Stanford to start Theranos. The Theranos board was packed with high-powered names. A sign of trouble, if Edison was so revolutionary and it was going to be a paradigm shift in blood tests, why didn't Theranos go public so they would have access to capital? The answer is the scrutiny and liability that a public offering would have involved. Instead, she swindled private investors but the SEC stepped in and fined the living sh!rt out of her. I'm all in favor of point-of-care diagnostics, however, Dizzy Lizzy was selling make-believe and we don't buy that here.  On the Hot/Crazy matrix, she is in the Danger Zone. "Strippers, hair dressers, chicks named Tiffany (or Lizzy)."

Just imagine how happy you would be if you lost everything you have in life and then suddenly got it back
SOL Member #101

Link to comment
Share on other sites

  • 3 weeks later...

From CNN:

Theranos founder Elizabeth Holmes has been indicted on federal wire fraud charges, the office of the United States Attorney for the Northern District of California announced Friday.

What goes around, comes around Dizzy Lizzy and we hope you enjoy the Federal Clink. PS Lizzy, you won't be able to wear your black turtlenecks.Perhaps an orange jumpsuit.

 

Just imagine how happy you would be if you lost everything you have in life and then suddenly got it back
SOL Member #101

Link to comment
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


×
×
  • Create New...