https://padlet.com/bethroseesl/ef14etg244zfwdum Made with charm en-us 2021-08-18 03:57:18 UTC 2021-10-11 01:43:14 UTC hello@padlet.com bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683406182 2004: Theranos raised $6.9 million in early funding gaining a $30 million valuation.]]> 2021-08-18 03:59:24 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683406182 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683406554 2007: The company's valuation hit $197 million after it raised another $43.2 million in early-round funding.]]> 2021-08-18 03:59:42 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683406554 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683407288 2010: After further rounds of funding, Theranos was valued at $1 billion.]]> 2021-08-18 04:00:12 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683407288 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683407429 2013: After a decade working "in the dark," Holmes introduced Theranos to the world via press appearances and unveiled a website.]]> 2021-08-18 04:00:19 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683407429 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683407866 2014: With over $400 million in funding, Theranos was valued at nearly $9 billion. Holmes effectively became a multi-billionaire thanks to her 50% stake.]]> 2021-08-18 04:00:37 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683407866 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683408339 December 2014: Despite her company's hefty valuation, Holmes remained tight-lipped on how exactly Theranos’s technology worked. It turned out that the technology had never been submitted for peer review in medical journals.]]> 2021-08-18 04:00:59 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683408339 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683408944 July 8, 2015: Capital BlueCross, a Pennsylvania insurer with 725,000 customers, chose Theranos as its preferred lab work provider. Theranos was valued at $10 billion. ]]> 2021-08-18 04:01:28 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683408944 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683409671 October 15, 2015: The Wall Street Journal ran a scathing article criticizing Theranos. 

Holmes appeared on "Mad Money" and other media outlets to do damage control. She was “shocked” by the Wall Street Journal article and claimed that Theranos supplied over 1,000 pages of documentation to refute the allegations. The Wall Street Journal stood by its reporting.]]> 2021-08-18 04:01:50 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683409671 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683410675 October 16, 2015: A follow-up article in the Wall Street Journal stated that Theranos was forced to suspend the use of its unapproved nanotainer for all but one type of blood test.]]> 2021-08-18 04:02:34 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683410675 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683411069 October 27, 2015: The FDA released two partially-redacted Form 483 reports from an ongoing investigation into Theranos.]]> 2021-08-18 04:02:51 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683411069 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683411489 October 28, 2015: Fortune reported that Theranos had sought to raise an additional $200 million in Series C-3 funding just days before the initial Wall Street Journal article was published.]]> 2021-08-18 04:03:09 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683411489 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683411927 November 10, 2015: A $350 million deal with Safeway fizzled out after Theranos failed to meet key deadlines for rollouts and Safeway executives questioned the validity of the test results.]]> 2021-08-18 04:03:31 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683411927 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683412302 December 27, 2015: The Wall Street Journal ran another article alleging management ineptitude at Theranos and test rigging to produce better results for its Edison machines.]]> 2021-08-18 04:03:47 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683412302 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683412635 January 27, 2016: The Centers for Medicare & Medicaid Services (CMS) releases its damming report on Theranos' California-based lab.]]> 2021-08-18 04:04:04 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683412635 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683413090 January 28, 2016: Following the CMS report, Walgreens Boots Alliance Inc. (WBA) decided to temporarily close the Theranos Wellness Center in its Palo Alto store and suspend its use of Theranos's Newark, Calif. lab.]]> 2021-08-18 04:04:23 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683413090 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683413377 May 1, 2017: Theranos settled a lawsuit with Partner Fund Management, one of its largest investors, after the hedge fund accused the company of securities fraud. Theranos had previously settled proceedings with the Centers for Medicare & Medicaid Services and the Arizona Attorney General.]]> 2021-08-18 04:04:36 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683413377 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683413733 March 14, 2018: The SEC charged Theranos, its founder and CEO Elizabeth Holmes, and its former President Ramesh "Sunny" Balwani with massive fraud.]]> 2021-08-18 04:04:52 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683413733 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683414192 June 15, 2018: A federal grand jury indicted both Holmes and Balwani on nine counts of wire fraud and two counts of conspiracy to commit wire fraud.

]]> 2021-08-18 04:05:05 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683414192 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683416898 June 15, 2018: The press release from the U.S. Attorney's Office stated that in order to promote Theranos, both Holmes and Balwani "engaged in a multi-million dollar scheme to defraud investors and a separate scheme to defraud doctors and patients."

Holmes had stepped down as Theranos CEO earlier in the day although she continues to be the chair of the company's board.]]> 2021-08-18 04:06:55 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1683416898 berosenberg https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686767571 2003: Elizabeth Holmes, who  was a young Stanford science major, established Theranos in order to revolutionize blood testing.]]> 2021-08-19 21:52:46 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686767571 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686769978 2010 Theranos was rated at  $1 billion with additional funding.]]> 2021-08-19 21:55:37 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686769978 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686770786 2004: In the beginning, Theranos earned $30 million by mobilizing $6.9 million.]]> 2021-08-19 21:56:42 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686770786 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686773083 2013: Holmes informed the world about her company through public media after ten years anonymous time.]]> 2021-08-19 21:59:19 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686773083 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686773987 2007: The firm drew $43.2 million in the beginning, and then it reached to the value of $197 million.]]> 2021-08-19 22:00:21 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686773987 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686774477 July 8, 2015: Theranos was selected as the best lab work supplier by capital BlueCross, an insurance company in Pennsylvania. Its company had 725,000 clients. Theranos was rated at $10 billion. ]]> 2021-08-19 22:01:03 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686774477 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686777531 2014: Theranos gathered  more than $400 million in funding. Since she had over 50% stake of the company's worth,  Holmes was ranked as one of the world's richest people, worth $9 billion.]]> 2021-08-19 22:05:23 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686777531 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686778419 October 15, 2015: Holmes did a lot of damage control by showing up on media like "Mad Money". However, the Wall Street Journal's evidence indicated that the Theranos have well prepared for the allegation from public. The Wall Street Journal endorsed its article.


]]> 2021-08-19 22:06:46 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686778419 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686780213 October 28, 2015: According to Fortune,  Theranos requested to add $200 million to Series C-3 funding, just days before the first report published by Wall Street Journal.]]> 2021-08-19 22:09:07 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686780213 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686780705 December 2014. Holmes kept in silence about the technological achievement, even though the firm had gotten a lot of funding. ]]> 2021-08-19 22:09:51 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686780705 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686784432 Because  of Theranos‘ failure to provide the test results in time, the transaction between Theranos and Safeway terminated. And the manager of Safeway began to query the effectiveness of its test results.

]]> 2021-08-19 22:14:48 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686784432 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686785240 January 28, 2016: The CMS finding resulted in that WBA made a decision of shutting the Theranos Wellness Center in its Palo Alto shop down and ceasing it's avail of Therano's Newwark, Calif.lab.]]> 2021-08-19 22:15:51 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686785240 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686785684 The press release from the U.S. Attorney's Office mentioned that not only Holmes but also Balwani "engaged in a multi-million dollar scheme to defraud investors and a separate scheme to defraud doctors and patients." Its purpose is to advertise Theranos. ]]> 2021-08-19 22:16:30 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686785684 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686785744 Oct 16, 2015 Theranos had no choice but to utilize its nanotainer for the only one type of blood test. That was what the Wall Street Journal pointed out in the series of articles.]]> 2021-08-19 22:16:34 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686785744 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686790112 Dec 27, 2015: According to The Wall Street Journal, Theranos allegedly ran a  rampant management  and manipulated test  for better results for its Edison machines.]]> 2021-08-19 22:22:34 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686790112 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686791386 October 27, 2015: In the result of inspection of Theranos, the FDA published the Form 483 reports which is partially re-edited.]]> 2021-08-19 22:24:05 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686791386 https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686792741 June 15, 2018: Holmes and Balwani were charged with nine wired fraud and two collusions of assigning wire fraud by a federal grand jury.]]> 2021-08-19 22:25:53 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686792741 berosenberg https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686793139 March 14, 2018 Elizabeth Holmes, the founder and CEO of Theranos, and Ramesh "Sunny" Balwani, its former President, were charged for massive fraud by the SEC.]]> 2021-08-19 22:26:30 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686793139 berosenberg https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686794462 Jan 27, 2016: The document about the Theranos' laboratory was published by the Centers for Medicare & Medicaid Services (CMS) .]]> 2021-08-19 22:28:10 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1686794462 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1687472880 May 1, 2017: Theranos have engaged in many lawsuit with the its investors, medical service center and attorney general. ]]> 2021-08-20 05:44:20 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1687472880 bethroseesl https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1806372846 In 2003, a college student named Elizabeth Holmes started a company, Theranos, for blood testing.]]> 2021-10-11 01:32:20 UTC https://padlet.com/bethroseesl/ef14etg244zfwdum/wish/1806372846