Secretive, well paying with amenities to keep you at the workplace, and running employes to exhaustion describes pretty much any tech company out here without a market cap under the hundred billion dollar range.
Welp, it doesn't look good for Theranos. Last I heard, they pay well, work you like a dog, but provided free lunch/dinner. Very clandestine and secretive about their product. Glassdoor provides all the tidbits. They were even in the old Facebook building until they moved into their new offices.
Nothing a six pack wouldn't fix.She is just cute enough that she should get a pass on whatever this thread is about.
*Theranos has not demonstrated a faster testing time, they have demonstrated a faster time for the lab to return results to the patient (this is nice but arguably not that important as all time sensitive labs are currently reported to patients and docs in less than an hour).
*All cost savings reported by Theranos are simply the result of consolidating the workforce through multiparametric testing (checking a lot of things simultaneously) this was popular but was abandoned in the '80s because it dramatically increases the frequency of false positives leading to costly and unnecessary testing and treatment. You should only do lab work to answer a specific question that you might have.
*Theranos only needs finger pricks. Finger pricks result in less accurate blood work as they will consist primarily of interstitial fluid if not performed exactly right (they are also more painful as most patients report)
*Results directly to patients. One test they are interested in CA tumor marker monitoring in breast cancer patients. The ability to get these results on a whim day to day can be harmful to the psyche of the patient as any increase may be interpreted (by the patient) as bad and any decrease may be interpreted (again, by the patient) as a victory. This is because the typical patient is unaware of the concept of reference ranges and the inherent problems associated with less than 100% accurate tests. This is why it's so important that labs be presented and discussed by a doctor or at least someone who has been trained to interpret them.
Caring for a patient is so much more than poking and prodding them to get some numbers and get them out the door as quickly and efficiently as possible. Discussing a patient's health and the implications of the findings is the most important thing a doctor brings to the table. This is why the training is so long and the responsibility is considered so great.
People also think their stacked board of directors makes them a great company. Their board of directors is the least impressive
aspect of the company. Very little experience with lab medicine represented there. Their business model is 100% based on hand waving and making a normally invisible part of the system sexy. Gotta love those black turtlenecks.
At the end of the day their unwillingness to open the science behind their tests to independent review will be their downfall. They've gotten FDA approval for one test so far. Normally you don't seek FDA approval for these types of diagnostic tests as the industry standard is third party validation. They wanted to get FDA approval rather than third party validation because that allows them to stay behind closed doors. The problem is, the FDA doesn't conduct its own studies. It relies on the due diligence of the applying firm. Any small startup would have fallen on their face trying to go this route. Theranos succeeded with their one approval because of their team of lawyers and Washington insiders.
Theranos has to answer some important questions like: If a patient gets their own blood work done and there is an anomalous result who is responsible for investigating further? If a data breach occurs and significant patient health information is lost will Theranos be liable? How can Theranos interface its systems with existing EHR systems in a way that is secure and efficient?
Elizabeth Holmes started this company because she wanted to be a part of the start up culture. She funded it with her father's wealth and stacked its board with his acquaintances. She claims the company is worth $9 billion, but since she is also unwilling to subject her firm to third party financial analysis this is also something we'll simply have to trust her on (just like the effectiveness of her tests).
Theranos will need docs who are willing to read and interpret their tests. Almost no blood work is a simple yes/no answer. Reaching a conclusion is dependent on understanding the patient history, presence or absence of any symptoms, and the results of a diagnostic exam or sometimes even imaging. I wouldn't feel comfortable trusting Theranos lab results when reaching a diagnosis as I am not able to review the techniques used to reach said results. I may be wrong but I predict either a slow fizzling out for Theranos as LabCorps and Quest recognize the shifting market or a catastrophic failure with public hearings as a result of misleading patients, physicians, and regulators.
She is just cute enough that she should get a pass on whatever this thread is about.
Reviving a 2.5 year old necro thread that deserved to be brought back. It is 2018 and Elizabeth Homes is now officially in BIG trouble:
https://www.marketwatch.com/story/s...mpany-president-with-massive-fraud-2018-03-14
SEC charges Theranos, CEO Elizabeth Holmes, and former company president with massive fraud
"The Securities and Exchange Commission filed charges on Wednesday against Theranos Inc., its founder and CEO Elizabeth Holmes, and the former company president Ramesh ''Sunny'' Balwani for raising more than $700 million from investors through an elaborate, years-long fraud. The SEC alleged that Theranos, Holmes, and Balwani made numerous false and misleading statements in investor presentations, product demonstrations, and media articles by which they deceived investors into believing that its key product - a portable blood analyzer - could conduct comprehensive blood tests from finger drops of blood, revolutionizing the blood testing industry. The Silicon Valley-based private company Theranos and Holmes have already settled the charges against them. Holmes has agreed to pay a $500,000 penalty, be barred from serving as an officer or director of a public company for 10 years, return the remaining 18.9 million shares that she obtained during the fraud, and relinquish her voting control of Theranos. Theranos and Holmes neither admitted nor denied the allegations in the SEC's complaint and the settlements are subject to court approval. The SEC's litigation with Balwani is ongoing."
White collar slap on the wrist. Steal 700 mil from investors, pay a peanuts fine and give the money back. Steal a couple hundred from a gas station and it's years of PMITAP time.
I would be happy to console her during her difficult times. GODDAMN IS SHE HOT
I would be happy to console her during her difficult times. GODDAMN IS SHE HOT
Why no jail time for fraud?
y helo thar muh lady
Dude she could sound like Bane for all I care.Her voice is unusually low. She really does her best to have a deep voice while she does seem to have a higher pitched voice.
y helo thar muh lady
Dude she could sound like Bane for all I care.
you're sick.I would be happy to console her during her difficult times. GODDAMN IS SHE HOT
I would be happy to console her during her difficult times. GODDAMN IS SHE HOT
Because government agencies outside of the fbi dont care about getting convictions on wrong doing. Doesnt matter who is president or in congress. Cross the fda, sec etc just pay a fine and move on with your life