Friday Mar 2, 1984 to Present
Washington, D.C., U.S.Elizabeth Anne Holmes is an American former biotechnology entrepreneur convicted of criminal fraud. In 2003, Holmes founded and was the chief executive officer of Theranos, a now-defunct health technology company that soared in valuation after the company claimed to have revolutionized blood testing by developing methods that could use surprisingly small volumes of blood, such as from a fingerprick. By 2015, Forbes had named Holmes the youngest and wealthiest self-made female billionaire in America on the basis of a $9-billion valuation of her company.
During her research, Elizabeth came up with a wearable drug-delivery patch that could help in early detection and prevention. The device incorporated microfluidics and nanotechnology into a patch that could sample the blood, detect an infection and deliver antibiotics to the infected area.
In 2010, Elizabeth and Balwani pitched an early version of Edison to Walgreens and by 2013 the two companies signed a contract. Thus, the first Theranos Wellness Center was set up in Walgreens, Palo Alto, where it could reach the consumers directly.
In January 2016, the Centers for Medicare and Medicaid Services (CMS) sent a warning letter to Theranos after an inspection of its Newark, California laboratory uncovered irregularities with staff proficiency, procedures, and equipment.
On June 15, 2018, following an investigation by the U.S. Attorney's Office for the Northern District of California in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president, Ramesh "Sunny" Balwani, on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Both pleaded not guilty. Prosecutors allege that Holmes and Balwani engaged in two criminal schemes, one to defraud investors, the other to defraud doctors and patients.
The Dropout is an American drama streaming television miniseries created by Elizabeth Meriwether, based on the podcast The Dropout hosted by Rebecca Jarvis and produced by ABC News. It documents the disgraced biotechnology company Theranos and its founder Elizabeth Holmes (played by Amanda Seyfried). The series premiered on the streaming service Hulu on March 3, 2022. It received mostly positive reviews with critics praising the writing and the performances of the cast, particularly Seyfried's and Andrews'. The series received 6 Primetime Emmy Award nominations, including Outstanding Limited or Anthology Series.