theranos mission statement

108 0 obj x+ | /Resources 452 0 R /S /LI 145 0 R null null null 146 0 R null null null 147 0 R null . /S /P /P 51 0 R >> /S /LI endobj /P 351 0 R << /Tabs /S << /P 50 0 R But what may be less intuitive is the effect that such optimism likely had on the ability of the companys senior leadership to consider the implications of their decisions and following actions. /Pg 235 0 R /P 271 0 R 1. The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. /P 42 0 R /Pg 250 0 R endobj 348 0 obj /P 8 0 R Mirage Or Vision? Four Blind Spots At The Core Of Theranos - Forbes endobj /Annots [] >> Theranos' Bad Blood - Ethics Unwrapped >> /Lang (EN-US) /S /LI /Pg 257 0 R 340 0 obj . /K 3 /S /P /S /P /S /LBody >> /K 5 361 0 obj /S /P /Type /Page /K 154 0 R << endobj /Type /MCR The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. >> 305 0 obj 398 0 obj endobj Morever, Holmes needs to grow a . /K 33 endobj 230 0 obj /K [28 391 0 R] /CropBox [0 0 612 792] /Artifact /P 9 0 obj << 215 0 obj /Rotate 0 << 64 0 obj endobj /K 21 /Pg 257 0 R >> endobj Help other job seekers by rating Theranos. << endobj /Lang (EN-US) >> << /Rotate 0 314 0 R 315 0 R 316 0 R 317 0 R 318 0 R 319 0 R 320 0 R 321 0 R 322 0 R 323 0 R >> >> /K 18 endobj /S /P /S /P The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. 296 0 obj /P 33 0 R 263 0 obj /P 48 0 R Here are three culture takeaways from the Theranos scandal that are relevant to all leaders and employees. >> /TextBox /Art endobj /Pg 256 0 R /K [10 392 0 R] /P 8 0 R >> /S /P Competitors of Theranos include Bloomberg, Morgan Stanley, and National Journal. >> About us Our mission is to make actionable information accessible to everyone at the time it matters. /Lang (EN-US) /Pg 236 0 R by Elizabeth Holmes. /Contents [429 0 R 430 0 R 431 0 R] /Tabs /S endobj /K 171 0 R 94 0 obj /K 135 0 R <> 10 0 obj /S /LI Theranos is in the biotechnology industry. /Lang /P 376 0 R /Lang (EN-US) /K [26 397 0 R] /P 8 0 R /Pg 235 0 R Having a vested interest in what is at stake as is often the case with founders and investors and envisioning the desired end state via inflexible goals may create a condition known as motivated blindness that can paradoxically prevent us from making realistic progress. endobj In court documents, federal prosecutors have said Holmes is a flight risk. /Pg 257 0 R << << And while some have observed that her behavior showed various sociopathic tendencies, the relaxed aura that cheating in the service of a larger cause may afford the average person may amp up ethical risk far more than the risk posed by sociopathic individuals. endobj /P 48 0 R /Pg 244 0 R >> /K 10 /Lang (EN-US) 246 0 obj >> /Resources 424 0 R PDF Theranos and Startup Culture: Vision or Fraud? - Berkeley Law /S /LI << /Lang (EN-US) /CropBox [0 0 612 792] /K 41 /Lang (EN-US) 33 0 obj /Lang (EN-US) /P 330 0 R /Annots [] endobj /MCID 2 /S /LBody << >> /P 267 0 R In the end, the innovations Theranos was after were not only meant for its own success but to secure a better future for millions of people. /P 355 0 R /Subtype /XML <> endobj /P 347 0 R /Lang (EN-US) /S /LBody /P 51 0 R /K 185 0 R endobj /P 8 0 R /Pg 249 0 R endobj Elizabeth Holmes' fate in jurors' hands after fiery closing arguments /S /LBody endobj /S /LI Mutual Fund and . /StructParents 19 << Yam said she had never seen the document before, nor did she know where those numbers had come from. /Type /MCR << /S /LBody /Tabs /S >> /K 134 0 R /Lang (EN-US) endobj /S /P /Rotate 0 endobj endobj << /CropBox [0 0 612 792] >> What is Theranos? | Fox Business /Parent 12 0 R /StructParents 23 /P 336 0 R Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. 139 0 R null null null 140 0 R null null null 141 0 R null /P 8 0 R The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company's technology, business, and financial . 3 min read. /P 55 0 R /K 215 0 R 6 [null null 143 0 R null null null 144 0 R null null null 145 0 obj While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. CNN . /S /LBody endobj >> 359 0 obj /CropBox [0 0 612 792] 24 0 obj 72 0 obj /S /P << >> /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] Balwani . /P 313 0 R /Pg 258 0 R The defendants claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick. >> /Pg 235 0 R 258 0 obj /Resources 484 0 R 9 [null null 157 0 R null null null 158 0 R null null null /K 31 >> /S /LI /P 46 0 R /P 373 0 R << >> 325 0 obj /Parent 11 0 R >> << 345 0 obj endobj /Lang (EN-US) << endobj endobj /Lang (EN-US) >> /K 22 65 0 obj endobj 110 0 obj >> Everything you need to know about the Theranos scandal /Pg 252 0 R /S /LBody 371 0 obj /Pg 235 0 R endobj << Understanding the Theranos Scandal: 'I Make All the Decisions Here.' Initially she funded Real-Time Cures with her co. /P 345 0 R /Lang (EN-US) /K 216 0 R /Pg 258 0 R /K 11 endobj 262 0 obj /Lang (EN-US) /S /LBody /Lang (EN-US) /P 8 0 R << << endobj /CropBox [0 0 612 792] << /Pg 252 0 R /Lang (EN-US) 159 0 obj /S /LI /S /LI 270 0 obj Help us make this company more transparent. 60 0 obj >> 28 0 obj 277 0 obj /K 37 endobj >> /K 10 /S /LI /Lang (EN-US) /P 8 0 R 75 0 obj << /P 48 0 R In opening statements, a federal prosecutor depicted Balwani as an instrumental accomplice who helped Holmes pull off a huge scam tied to Theranos' blood-testing technology. 14 0 obj /Type /MCR The average salaries at Bloomberg rank the highest, with their employees earning an. >> endobj /Annots [] >> 234 0 obj /P 8 0 R 180 0 obj /P 59 0 R endobj /S /LBody /P 360 0 R Both defendants appeared today before U.S. Magistrate Judge Susan van Keulen for their initial appearances. /P 8 0 R endobj While working at Theranos, Cheung sent an email to others in the company, sharing her concerns about the Edison machines. >> endobj /Resources 432 0 R /P 8 0 R /P 59 0 R /S /LI /P 353 0 R /MCID 2 Holmes fostered a culture of fear because it served her needs. << Theranos (@theranos) / Twitter /K 6 Theranos | 27,358 followers on LinkedIn. /P 50 0 R 95 0 obj /K 225 0 R /Contents [489 0 R 490 0 R 491 0 R] /P 8 0 R /Pg 235 0 R /K 115 0 R /Pg 238 0 R >> /Lang (EN-US) /K 26 240 0 obj /K 28 /Lang (EN-US) 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R 93 0 R] 392 0 obj 22 0 obj Brian Grossman had 20 years of experience in the healthcare space but his firm, PFM Health Sciences, invested $96 . /K 233 0 R << These detailed accounts show a pattern of behaviors consistent with a distorted motivational and cognitive state. 370 0 obj >> /K 14 << 384 0 obj /P 268 0 R /K 191 0 R 26 0 obj /Lang (EN-US) /P 307 0 R >> 287 0 obj >> /S /L /P 306 0 R 327 0 obj Theranos may also be known as or be related to Theranos, Theranos Inc, Theranos Inc. and Theranos, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. /K 9 /K 14 >> Northern District of California | Theranos Founder and Former Chief <> /Pg 241 0 R << Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. /Lang (EN-US) Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. /S /LBody /Pg 251 0 R << /Lang (EN-US) << <> /S /LBody << Holmes grew up in Houston, Texas and studied chemical engineering at . >> /P 55 0 R /S /LBody /K 214 0 R /Rotate 0 /P 8 0 R /K 229 0 R /Lang (EN-US) >> /S /P /Lang (EN-US) Hot Startup Theranos Has Struggled With Its Blood-Test Technology >> endobj Theranos, CEO Holmes, and Former President Balwani Charged With - SEC /Pg 258 0 R >> << /S /P /K 6 /Rotate 0 endobj >> >> /Annots [] >> Ars may earn compensation on sales from links on this site. /P 8 0 R /K 221 0 R /Lang (EN-US) Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. endobj << << A March 17 hearing is scheduled on her request to stay out of prison during her appeal. /Lang (EN-US) /Lang (EN-US) /Pg 241 0 R /K 34 /P 50 0 R . >> /S /P /S /LI endobj Theranos CEO Elizabeth Holmes needs to grow up, and fast 298 0 obj /S /P /P 393 0 R >> << 252 0 obj /P 324 0 R /Lang (EN-US) /K 129 0 R << 292 0 obj /Lang (EN-US) << 77 0 obj /K 174 0 R /P 48 0 R >> >> >> /CropBox [0 0 612 792] /P 8 0 R >> /Contents [433 0 R 434 0 R 435 0 R] 69 0 obj /K 29 >> endobj endobj /Pg 255 0 R Mutual Fund and ETF data provided byRefinitiv Lipper. endobj /K 189 0 R endobj >> 154 0 R null null null 155 0 R null null null 156 0 R null 242 0 obj It's unclear . /P 63 0 R /Pg 256 0 R 239 0 obj 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] /S /P << /K 120 0 R /Pg 238 0 R /P 339 0 R 143 0 obj endobj endobj /K 193 0 R endobj /K 29 /P 48 0 R 66 0 obj /K 18 /K 30 endobj << 269 0 obj Theranos Announces Expansion of Board of Directors and New The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. Doctors began using Theranos testing devices to diagnose patients and dispense medical advice. >> The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. /S /P /S /LI /StructParents 10 endobj /K 10 endobj /Pg 243 0 R 357 0 obj /StructParents 8 endobj /Pg 235 0 R >> Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. 171 0 R null null] /Parent 12 0 R /Pg 255 0 R A former Theranos employee who alerted regulators to fraud at the company said he popped a bottle of champagne after a jury returned guilty verdicts against founder Elizabeth Holmes on Jan. 3. Theranos scandal: Who is Elizabeth Holmes and why was she on trial? /Pg 250 0 R /Lang (EN-US) 45 0 obj /P 329 0 R /Pg 246 0 R endobj /K 10 endobj /Lang (EN-US) /S /LI /Pg 256 0 R >> There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. << /Rotate 0 << /Rotate 0 Nov 8, 2017. /K 166 0 R 54 0 obj 80 0 obj /P 321 0 R /K 156 0 R /S /LI /S /LI /Type /MCR /Pg 235 0 R /S /LI /Annots [] endobj 199 0 obj /Parent 13 0 R >> 385 0 obj 87 0 obj The first week of Theranos founder Elizabeth Holmes' fraud trial is now complete. >> null null 183 0 R null null null 184 0 R null null null >> endobj /Pg 248 0 R The mission statement conveys no values such as honesty, transparency, or integrity. 173 0 obj /S /LBody >> >> /P 8 0 R endobj /Lang (EN-US) /K 227 0 R /Lang (EN-US) >> endobj /K 24 /P 48 0 R /Pg 235 0 R >> /S /LBody /Lang (EN-US) /ITXT (2.1.7) /P 48 0 R /P 363 0 R Surprisingly, few paid much attention to that unchecked gap before the truth began to come out. Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. 264 0 obj /Pg 235 0 R << endobj << He . /InlineShape /Figure /P 8 0 R 3 0 obj /S /P After asking questions about Theranos continued losses and lack of revenue, prosecutors showed Yam a document they said was shared with investors; it projected $140 million in revenue in 2014 and $990 million in 2015. 311 0 obj endobj endobj << << /Lang (EN-US) /S /LI 322 0 obj 132 0 obj Washington, DC. >> /Pg 237 0 R 235 0 obj 255 0 obj >> endobj << /Annots [] /S /P 2018-03-14T09:02:10-07:00 /K 24 The Associated Press contributed to this report. /Lang (EN-US) Although it is a merger of two major companies in 2015, Kraft Heinz's mission and vision statements retain the critical elements and objectives contained in the mother firms - H.J. >> /K 176 0 R /S /LI /S /L >> << What Is Theranos CEO Elizabeth Holmes' Net Worth As Founder - Newsweek <> /K [95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R] /Pg 256 0 R 323 0 obj /S /LI The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. << /Lang (EN-US) 286 0 R 287 0 R 288 0 R 289 0 R 290 0 R 291 0 R 292 0 R 293 0 R 294 0 R 295 0 R Powered and implemented byFactSet Digital Solutions. << 18 0 obj Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. << << /MCID 2 /P 63 0 R /Rotate 0 >> /Lang (EN-US) /Lang (EN-US) 314 0 obj Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. /Tabs /S SAN JOSE - A federal grand jury has indicted Elizabeth A. Holmes and Ramesh Sunny Balwani, announced Acting United States Attorney Alex G. Tse, Federal Bureau of Investigation (FBI) Special Agent in Charge John F. Bennett; Food and Drug Administration (FDA) Commissioner Scott Gottlieb; and U.S. endobj << /K 13 /P 378 0 R /P 34 0 R /P 55 0 R << /K 8 /S /LBody /Rotate 0 /K 186 0 R /K 20 /S /LI Theranos is a now-defunct healthcare technology startup founded by disgraced Stanford drop-out Elizabeth Holmes . >> Elizabeth Holmes finishes testifying in Theranos trial - The Washington /Lang (EN-US) /P 40 0 R /P 381 0 R >> endobj Elizabeth Holmes speaks during a Bloomberg, Television interview at the Vanity Fair 2015 New Establishment Summit in San Francisco, on Oct. 6, 2015. << >> /StructParents 16 >> >> /P 51 0 R But in February, the pair had a number of charges dropped, excluding wire fraud. endobj endobj /K [24 387 0 R] << /P 8 0 R << /P 48 0 R /S /LI << The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. /Pg 258 0 R The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. << endobj 12 0 obj endobj The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. << /Parent 5 0 R How Mission Statements Have Created Billions in Value | Toptal And although entrepreneurship is very much about turning an imagined future state into reality, the vast and unchecked gap between Theranos vision and the technological incompetence of its operations was breathtaking. 99 0 obj Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20) and Ars Technica Addendum (effective 8/21/2018). >> >> /Parent 14 0 R /Pg 238 0 R << /P 8 0 R endobj Researchshows that unethical conduct is more likely when people are tempted with the opportunity to cheat on behalf of a good cause, and that cheaters may feel more at ease with their own behavior if they cheat on behalf of the common good. By Elizabeth Lopatto / @ mslopatto. /S /LBody >> /P 332 0 R /Lang (EN-US) 93 0 obj For example, the defendants represented to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers; when, in truth, Holmes and Balwani knew that Theranos purchased and used for patient testing third party, commercially-available analyzers. << /S /LBody /S /LBody OUR MISSION listen to our readers and cover the topics that matter to them . stream >> 61 0 obj A jury will decide whether Ms. Holmes, who founded Theranos and hawked a mission of revolutionizing health care, lied to investors about her company's technology. /K 195 0 R << /K 22 The rise and fall of Theranos: A timeline - The Mercury News >> /P 50 0 R /Lang (EN-US) 290 0 obj /Annots [] /Lang (EN-US) 248 0 obj endobj << endobj endobj 297 0 obj endobj /Lang (EN-US) /S /P /MCID 2 endobj /S /P endobj /Lang (EN-US) << /S /LI /Pg 253 0 R /K 10 n. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. << For the small private firm, the publically traded company or the large enterprise vision, effort and determination needs to be firmly tied to the track - compliance. /P 3 0 R /S /LBody >> << Theranos founder Elizabeth Holmes "lied and cheated" for money and fame, prosecutors alleged on the first day of the former Silicon Valley star's trial. >> 92 0 obj 341 0 obj /Producer (Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT) As company founder Elizabeth Holmes is sentenced to over eleven years in prison and TV adaptation The Dropout earns star Amanda Seyfried an Emmy, we reveal everything you need to know about the Theranos controversy. /P 354 0 R 285 0 obj /Pg 235 0 R /S /P /S /LI /S /LBody /ParentTree 9 0 R /K 168 0 R /K 38 276 0 obj >> For many years, in Facebook's case, its mission statement was "To give people the power to share and make the world more open and connected". /K 146 0 R 114 0 obj Your California Privacy Rights | Do Not Sell My Personal Information 165 0 R null null null 166 0 R null null null null 167 0 R /S /LBody /S /LI /S /LI << endobj /S /LBody /Length 502 0 R "That's a crime . 126 0 obj Those emails eventually made their way to Holmes, who asked, How fast can we resolve this issue? Another employee replied that, after omitting some data, the problem appeared solved. Kraft Heinz Mission and Vision Statement Analysis >> 364 0 R 365 0 R 366 0 R 367 0 R] endobj >> I did not think the technology we were using was adequate enough to be engaging in that behavior.. /Pg 255 0 R << 217 0 obj >> /CropBox [0 0 612 792] << /Annots [] /P 40 0 R After Cheung went to the federal government, Theranos hired a private detective to spy on her, according to court documents released last week. /P 288 0 R Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003. /Lang (DE-DE) /K 22 endobj endobj 2018-03-14T09:02:10-07:00 /S /P >> /Pg 256 0 R >> << 204 0 obj /K 204 0 R 271 0 obj >> /Lang (EN-US) << /P 8 0 R << endobj In a reply, Holmes said she was projecting $100 million for 2015, nearly ten times less than what she told investors at one point. /CropBox [0 0 612 792] << 16 0 obj /Tabs /S /P 310 0 R /K 14 >> >> 165 0 obj /Pg 237 0 R /S /LBody /K 165 0 R /Pages 5 0 R null null 142 0 R null null null 143 0 R null null] /S /LBody /K 118 0 R 3553. However, any sentence following conviction would be imposed by the court after consideration of the U.S. Overview Salary Revenue History Demographics Competitors CEO & Executives. >> /S /LBody /Pg 255 0 R >> 146 0 obj /P 8 0 R Elizabeth Holmes Mission | Full Interview Fortune MPW - YouTube 127 0 obj 320 0 obj /P 8 0 R 363 0 obj /Lang (EN-US) /P 55 0 R >> /S /LI << /Lang (EN-US) 251 0 obj >> << >> >> endobj /Resources 420 0 R /S /LBody /Parent 11 0 R The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. /S /LBody /S /LBody <> >> endobj 283 0 obj Theranos Mission Statement - Zippia /P 381 0 R 1 [null null 115 0 R null null null 116 0 R null null null endobj /P 380 0 R endobj /P 8 0 R >> /P 380 0 R 358 0 obj 187 0 obj /S /LBody << 179 0 obj /Pg 257 0 R 378 0 obj /P 8 0 R /Lang (EN-US) endobj /Lang (EN-US) /CropBox [0 0 612 792] /Resources 492 0 R 56 0 obj /K 180 0 R /P 8 0 R << endobj endobj 376 0 obj >> endobj /MediaBox [0 0 612 792] We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. That innovation combined with the use of technology to build a somewhat bulkier though still miniature and portable yet more reliable version of the micro-Lab would have provided plenty of opportunity to make strides towards the dream of empowering people with reliable, timely and inexpensive blood testing. 281 0 obj About Columbia | Columbia University in the City of New York /K 30 /P 48 0 R /K 14 /Pg 250 0 R << << endobj Quotes displayed in real-time or delayed by at least 15 minutes. Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". - Sep 15, 2021 3:40 pm UTC. /Pg 253 0 R The Theranos HSV-1 IgG Assay is for use with the Theranos System which performs automated sample processing steps and result analysis. /S /LI /S /TD /K 200 0 R >> 355 0 obj /Tabs /S /Parent 12 0 R /Pg 242 0 R /S /LBody /S /LI null 52 0 R 53 0 R] /Pg 257 0 R >> 158 0 obj /Tabs /S /Pg 235 0 R >> endobj >> /P 59 0 R endobj 122 0 obj 300 0 obj << null null 174 0 R null null null 175 0 R null null null /S /LI stream endobj /K 2 /S /LBody 368 0 obj endobj /S /LBody /S /L << /K 207 0 R << What we know for certain is that behind this particular corporate failure lies a cautionary tale of boundless visioning that all investors, entrepreneurs and organizations seeking breakthrough innovations should be interested in further understanding. /Kids [240 0 R 241 0 R 242 0 R 243 0 R 244 0 R] /P 263 0 R >> /P 293 0 R /S /P >> 76 0 obj >> 302 0 obj /K 32 >> 386 0 obj If convicted, the defendants face a maximum sentence of twenty (20) years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count. endobj 137 0 obj /K 148 0 R endobj 299 0 obj Did you ever provide financial projections to investors? Robert Leach, an assistant US attorney,asked Yam. >> null null 225 0 R null null null 226 0 R null null null endobj >> /Pg 235 0 R 15 0 obj << << 121 0 obj /Pg 235 0 R Last week, Zuckerberg was back with 3,000 words . The Trial of Theranos's Elizabeth Holmes Opens /S /LBody endobj Employees in the top 10 percent can make over $68,000 per year, while employees at the bottom 10 percent earn less than $28,000 per year. /StructParents 21 >> /P 8 0 R /S /LI >> Despite persistent losses, Holmes salary increased from $200,000 to $400,000, Yam said. << endobj endobj /S /L << endobj endobj 372 0 obj /Lang (EN-US) /S /LI endobj /K 228 0 R /P 48 0 R << /Lang (EN-US) /P 50 0 R /Contents [493 0 R 494 0 R 495 0 R] endobj << According to the indictment returned yesterday and unsealed today, the charges stem from allegations Holmes and Balwani engaged in a multi-million dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients. In the age of corporate purpose, the mission statement serves as a reminder of why an organization exists. Entrepreneurship lives in the realm of threading between the present and the future. endobj /S /P /Contents [497 0 R 498 0 R 499 0 R] >> The defendants nevertheless used interstate electronic wires to purchase advertisements intended to induce individuals to purchase Theranos blood tests at Walgreens stores in California and Arizona. Theranos' mission: a blood test requiring only a pinprick of blood, enough to run dozens of medical tests on the startup's hi-tech machines. <> /P 44 0 R /K 143 0 R /K 9 /Lang (EN-US) 12 [null null null 172 0 R null null null null 173 0 R null >> /S /LBody /Pg 254 0 R /P 40 0 R /Pg 248 0 R Theranos' mission is to make actionable information accessible to everyone at the time it matters most. /Pg 258 0 R /K 220 0 R /Pg 257 0 R >> $12,600 to the Democratic Party. /Pg 241 0 R >> 66 0 R 67 0 R 68 0 R 69 0 R] /S /L /P 55 0 R /S /P /Pg 235 0 R Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. 21 0 obj Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives."