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The explosion in the number of corona cases in California has led to a four-month delay in the trial of the former founder and top manager of health technology company Theranos, writes CNBC.
State prosecutor Edward Dávila said in a statement that the pressure of infection is now too high for the trial to proceed as planned. He notes that prior to the weekend, California had more than 1.76 million confirmed cases of infection and 22,160 deaths related to coronary heart disease.
Hospitals in Santa Clara County, where the trial was supposed to take place at the beginning of the new year, are approaching full capacity. It’s unfortunate considering that the trial is expected to last for several months, Davila writes.
The company was valued at 85 billion
Elizabeth Holmes, now a 36-year-old dropout from Stanford, founded the pharmaceutical company Theranos in 2003, which offered what was supposed to be a completely new and revolutionary method of testing patients for a wide range of diseases, using a tiny drop of blood and a mysterious machine. Edison cold.
With her on the investor side, she got a number of wealthy people on the right in American politics and society, such as Henry Kissinger and George P. Shultz, drawn into her vision of private disruption of public health services. . At most, Theranos was valued at NOK 85 billion, and Holmes became the youngest in the United States. self made multimillionaire.
But the entire company was fraudulent, the technology had never worked, and now Holmes and his closest accomplices risk spending many years in prison after being charged with “massive fraud.”
Elizabeth Holmes herself could face up to 20 years in prison if convicted, writes CNBC.
Revealed by WSJ journalist
The actual investigation in the Theranos case was conducted by Wall Street Journal reporter John Carreyrou, who exposed the scandal and later published the book “Bad Blood: Secrets and Lies in a Silicon Valley start-up.” It will now be a movie starring Jennifer Lawrence as Holmes, after “The Big Short” director Adam McKay bought the rights.
Meanwhile, on the HBO streaming service, you can watch Alex Gibney’s documentary about the scandal, “The Inventor: In Search of Blood in Silicon Valley.”
The prosecution believes it has more than enough evidence that Holmes was involved in misleading investors, doctors and patients into believing that the blood test technology was far more effective than it actually was.
Elizabeth Holmes has pleaded not guilty to various charges.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases via a link, which leads directly to our pages. Copying or other use of all or part of the content can only be done with written permission or as permitted by law. For more terms, see here.
