Cue a slew of lawsuits, commercial challenges and investigations from investors and medical regulators alike, with titans like the US Securities and Exchange Commission (SEC) and Centers for Medicare and Medicaid Services (CMS) wading in on the action against Theranos. Endeavours ultimately proved fruitless, with Taylor confirming that "none of those leads [.] materialised into a transaction". We are now out of time.
Holmes was seen for a time as a rising star in Silicon Valley, appearing at events like the Women In Technology and Politics dinner hosted by Glamour and Facebook, the Vanity Fair New Establishment Summit and events hosted by the Wall Street Journal and TechCrunch.
The firm was one of the darlings of Silicon Valley after raising $700 million from investors. The company was near bankruptcy until it received a $100 million investment from Fortress Investment Group in 2017. By 2018, the company was again close to going bankrupt.
But an investigation by The Wall Street Journal two years ago found that Theranos' technology was inaccurate at best, and that the Palo Alto, Calif. -based company was using routine blood-testing equipment for the vast majority of its tests.
Other high profile investors included Australian media mogul (and owner of news.com.au) Rupert Murdoch, former US Education Secretary Betsy DeVos, the founders of Walmart and the owner of the New England Patriots.
Cowboys Made A Big Trade Offer For A Star NFL Player
Wednesday's news of Thomas reporting to his current team might well lead to both sides considering it a stalemate. Obviously, the All-Pro safety wasn't happy, but he'll be back on the field for Seattle in Week 1.
Theranos attracted more than $700m worth of backing from a glittering line-up of investors and recruited some of America's most powerful statesmen, including former secretaries of state Henry Kissinger and George Shultz and the current defence secretary James Mattis, to its board.
John Carreyrou, the investigative journalist at the Journal whose stories exposed the scandal, has since written a book on the saga, Bad Blood, which highlights the weirdly cultish nature of the company.
An experience that marked her childhood and that would change her life forever, was when an uncle who she loved very much was diagnosed with skin cancer. I'll bet she'd like nothing more right now than to go back in time and start all over again.
Holmes and the company have since settled these allegations. Company founder Elizabeth Holmes and former COO and president Ramesh "Sunny" Balwani were indicted in June on federal charges of defrauding investors out of hundreds of millions of dollars, along with physicians and patients.
The pair has denied the charges and faces potential decades in prison and massive fines.