theranos mission statement

/K [26 397 0 R] /S /P >> /S /LI endobj /K 219 0 R /P 48 0 R /K 0 endobj /P 364 0 R 73 0 obj /K 12 93 0 R] 294 0 obj << It included jury selection, opening statements, released text messages, and an unexpected . 82 0 obj 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R 83 0 R 84 0 R Leaving Little Space for Inspiration. /P 8 0 R /K 20 /S /P /Pg 257 0 R In the age of corporate purpose, the mission statement serves as a reminder of why an organization exists. 1343. /P 50 0 R 12 [null null null 172 0 R null null null null 173 0 R null /Lang (EN-US) endobj /S /P The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. 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] /S /LBody endobj /Parent 14 0 R 129 0 obj endobj << << << endobj /K [18 385 0 R] << 255 0 obj 1. /K 10 /MediaBox [0 0 612 792] The business had garnered hundreds of millions of dollars in investments and was valued at $9 billion in 2015, when a Journal expose showed the company had some not-so-favorable secrets. /Rotate 0 endobj /S /LBody /Annots [] /S /LBody endobj But thats not what the company was telling investors, according to new documents shared during the jury trial of Theranos founder and CEO Elizabeth Holmes. 343 0 obj 277 0 obj << 13 0 obj /P 50 0 R 108 0 obj Holmes fostered a culture of fear because it served her needs. /Lang (EN-US) >> uuid:f59fd1a5-0a21-408a-99c1-079770aebbbd 260 0 obj /Tabs /S /P 55 0 R /StructParents 1 /P 316 0 R The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. 327 0 obj endobj /Nums [0 [15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 94 0 R /S /LI << 350 0 obj /S /P Elizabeth Holmes, the former CEO of Theranos convicted of defrauding investors, is seeking to delay the start of her 11-year prison sentence because she has "two very young children" to be with. /K 31 /K 18 /P 8 0 R >> << flagrantly vague and often outright untruthful statements. /Tabs /S /S /Sect 311 0 obj 139 0 obj /P 51 0 R >> 63 0 obj /K 23 endobj /K 15 endobj 202 0 obj /Pg 249 0 R 272 0 obj 113 0 obj << /K 0 That journey ended not, as it could have been, when the promises of its vision delivered their potential, but it ended when somebody, finally, brought reality into the picture. << /Tabs /S Here are three culture takeaways from the Theranos scandal that are relevant to all leaders and employees. Holmes only canceled the trip after prosecutors contacted Holmes attorneys about the unauthorized flight, prosecutors said. >> /K [273 0 R 274 0 R] Four Blind Spots at the Core of Theranos' Failure. /S /L 389 0 obj The national average salary for a Theranos employee in the United States is $44,094 per year. /Lang (EN-US) null] /Tabs /S /Pg 235 0 R 199 0 R null null] Theranos' mission is to make actionable information accessible to everyone at the time it matters most. /Lang (EN-US) << /Pg 235 0 R /Lang (EN-US) /Pg 245 0 R << At times during that period, Balwani worked in several capacities including as a member of the companys board of directors, as its president, and as its chief operating officer. /P 381 0 R Theranos is a private health care and life sciences company with the stated mission to revolutionize medical laboratory testing through allegedly innovative methods for drawing blood, testing blood, and interpreting the resulting patient data. << /Lang (EN-US) Holmes faces up to 20 years in prison. /K 18 /Lang (EN-US) endobj << << /Lang (EN-US) /K 6 null null 183 0 R null null null 184 0 R null null null /CropBox [0 0 612 792] /S /LI << /P 8 0 R /K 194 0 R However, any sentence following conviction would be imposed by the court after consideration of the U.S. /P 54 0 R << /K 10 /Contents [409 0 R 410 0 R 411 0 R] /S /LI /K 261 0 R 267 0 obj >> /P 50 0 R /S /LBody /Type /Metadata /Pg 256 0 R endobj endobj 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. 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. /Lang (DE-DE) >> The Seattle-based coffee giant originated in 1971 and has since become ubiquitous around the world. /Type /Page endobj 33 0 obj /S /LBody /P 33 0 R 9 [null null 157 0 R null null null 158 0 R null null null 211 0 obj /P 8 0 R endobj /K 8 endobj Theranos founder Elizabeth Holmes, now a mother of two,is asking to delay her11-year sentence for felony fraud so she can be at home with her two young children while she appeals theconviction. /Type /Page endobj /S /LI /Pg 256 0 R >> /S /P /MediaBox [0 0 612 792] /P 380 0 R >> /Pg 235 0 R /P 48 0 R 11 0 obj << /S /LBody >> Connor Radnovich/The Chronicle. >> 394 0 obj /Rotate 0 /S /LI >> A young (age-defying), pure-looking (evil-defying), masculine-sounding (stereotype-defying) female CEO speaking about Theranos unfulfilled feats in the present or past present tense, Holmes proposition was so enticing that she was able to assemble one of the most impressive boards in corporate America. endobj << /Annots [] << . 299 0 obj 341 0 R 342 0 R 343 0 R 344 0 R 345 0 R 346 0 R 347 0 R 348 0 R] The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. /Pg 236 0 R << /Author () endobj /Type /Page /Pg 242 0 R And at least one employee told the financial newspaper Theranos executivesdid not report test results that would have caused concerns about the machines accuracy. endobj /Annots [] The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. << >> /K 14 264 0 obj endobj /P 8 0 R /P 51 0 R /P 51 0 R /K 33 /P 8 0 R /P 261 0 R /S /LI /K 11 Ars may earn compensation on sales from links on this site. /K 178 0 R >> University Mission Statement. /K 9 /P 8 0 R /Lang (EN-US) endobj /P 48 0 R /Annots [] /CropBox [0 0 612 792] /P 299 0 R endobj 241 0 obj endobj - Sep 15, 2021 3:40 pm UTC. /P 8 0 R Claim This Company. /Lang (EN-US) 196 0 obj endobj 164 0 obj >> /Pg 238 0 R 64 0 obj The Journal reported that in 2015, the technology was only used for 15 tests. << 293 0 obj /S /LI /MCID 2 /S /P Zippia gives an in-depth look into the details of Theranos, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Theranos. This is why accounts about Theranos willingness to circumvent FDA rules and requirements, among other things, or legitimate due diligence requests made by potential clients is disconcerting yet unsurprising. 236 0 obj 79 0 obj /S /P >> >> /Resources 460 0 R /Pg 240 0 R 351 0 obj Nov 16, 2021, 6:17 PM PST. >> /S /P /P 318 0 R /P 51 0 R /Pg 244 0 R endobj >> << Read our affiliate link policy. >> endobj endobj 11 [null null 169 0 R null null null 170 0 R null null null >> /P 288 0 R /Pg 256 0 R endobj /Lang (EN-US) >> Doctors began using Theranos testing devices to diagnose patients and dispense medical advice. /K 393 0 R /S /P /PageLayout /OneColumn 104 0 obj >> /S /LBody /Pg 255 0 R /Lang (EN-US) /Parent 11 0 R According to the indictment, Holmes and Balwani used advertisements and solicitations to encourage and induce doctors and patients to use Theranoss blood testing laboratory services, even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests. /S /LBody << /P 283 0 R Creating something new is about breaking the status quo. /K 22 /Type /Page /S /LI /Pg 239 0 R Since this form of unethical behavior may lack the pangs of guilt and/or shame that generally provide people with a certain amount of self-restraint and hesitation, it can be difficult for others to suspect any bad conduct. 178 0 obj >> /Lang (EN-US) /Pg 249 0 R The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. /Rotate 0 >> /Pg 248 0 R << n. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. null 24 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R /K 206 0 R /Pg 258 0 R /Pg 240 0 R /Pg 257 0 R /P 350 0 R 301 0 obj /P 8 0 R /K 2 endobj /S /LBody << . >> /Lang (EN-US) /P 42 0 R 42 0 obj /Lang (EN-US) Bundled together, these biases not only warped Holmes sense of truth, but they likely slanted the perspective of key stakeholders who were attracted to the many promises made by Theranos. 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. /Pg 248 0 R /P 260 0 R /Pg 252 0 R endobj /K 130 0 R /Rotate 0 /P 40 0 R /P 55 0 R /K 10 /P 380 0 R << /Pg 255 0 R << << << endobj /P 8 0 R 329 0 obj << /Type /Page Just 12 tests were performed on Edison devices, and the Edison analyzer could only run one type of test for one patient at a given time, she said. /P 8 0 R /P 40 0 R /Lang (EN-US) endobj /TextBox /Art <> << endobj 331 0 obj >> endobj /P 8 0 R << /S /P 2 [null null 119 0 R null null null 120 0 R null null 41 0 R 163 0 obj /Lang (EN-US) A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. /K [268 0 R 269 0 R 270 0 R 271 0 R 272 0 R] In reality, Theranos couldn't perform more than 12 tests on its Edison devices, former lab . /P 8 0 R 358 0 obj /P 269 0 R /Lang (EN-US) 345 0 obj /Lang (EN-US) /P 8 0 R /Pg 245 0 R 347 0 obj 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R /Pg 238 0 R <> /P 8 0 R << >> Theranos is a private health care and life sciences company with the stated mission to revolutionize medical laboratory testing through allegedly innovative methods for drawing blood, testing . 4 [null null 131 0 R null null null 132 0 R null null null >> /K 6 <> /P 8 0 R 2018-03-14T09:02:10-07:00 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] << >> << /MCID 2 << /K 227 0 R 208 0 obj endobj endobj endobj /S /P endobj Theranos gambit may have extended over time precisely because all four biases played a role in the making of a dream that was never fully tested against the constraints of reality. /Pg 241 0 R endobj Anyone who engages in deceptive practices should know they will not go undetected and will be held accountable. >> << /Pg 250 0 R >> 219 0 obj null] endobj 193 0 obj >> /Contents [469 0 R 470 0 R 471 0 R] /P 42 0 R endobj /Pg 238 0 R 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R /S /LBody << /Lang (EN-US) << 217 0 R null null null 218 0 R null null null 219 0 R null To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. 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 199 0 obj >> 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. /Length 502 0 R endobj /Annots [] >> The company claimed to be able to provide over 240 finger-prick blood tests, including ones that could reportedly detect cancer, according to The Wall Street Journal. HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! /Pg 252 0 R endobj << >> /Lang (EN-US) /S /LBody /P 59 0 R /Lang (EN-US) /K 2 /Pg 258 0 R /Pg 253 0 R /Pg 256 0 R endobj 28 0 obj /Contents [481 0 R 482 0 R 483 0 R] >> << /P 50 0 R /S /LBody <> /Tabs /S <> /S /LI /Type /MCR /Pg 238 0 R 388 0 obj /Contents [445 0 R 446 0 R 447 0 R] >> /P 310 0 R /Parent 12 0 R endobj application/pdf /S /P 297 0 obj They are also attracted by the fact that behind the innovation and entrepreneurship are rules of law that require honesty, fair play, and transparency. The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. null null 174 0 R null null null 175 0 R null null null << /K 22 /Annots [] /Creator (Acrobat PDFMaker 18 for Word) /Type /Page >> /K 216 0 R 81 0 obj /K 115 0 R << 29 0 obj /S /P /S /P /Lang (EN-US) /P 63 0 R /Pg 247 0 R /Pg 244 0 R endobj /P 48 0 R 279 0 obj /S /LBody << >> /P 48 0 R Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. /K 124 0 R 291 0 obj >> << << It became evident that audited financial statements hadn't been prepared since 2009. /S /P /S /LBody They cite a one-way plane ticket to Mexico she booked for Jan. 26, 2022, three weeksafter her conviction onfour counts of fraud and conspiracy. >> >> 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. endobj null null 214 0 R null null] endobj /Count 5 396 0 obj The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. null null 127 0 R null null 45 0 R null null 128 0 R null /Pg 255 0 R /K 18 /S /LBody /S /LBody >> 314 0 obj /P 307 0 R /S /LBody endobj /K 14 /K 21 /MarkInfo 2 0 R endobj /S /LI 286 0 obj endobj >> Nov 8, 2017. 280 0 obj /S /LBody /K 211 0 R << Elizabeth Holmes is the founder and former CEO of Theranos (2003-2018), a company that created and distributed blood testing devices. The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. >> /Lang (EN-US) /Type /MCR /Pg 237 0 R /Lang (EN-US) /Lang (EN-US) /Tabs /S endobj /P 320 0 R >> /Lang (EN-US) 357 0 obj /K 147 0 R /P 59 0 R /S /P Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. 32 0 obj >> (Photo by Kristoffer Tripplaar/AP). emblazoned in block capitals in the Theranos lobby, was 'Do or do not. << endobj This office, along with our other law enforcement partners in the Bay Area, will vigorously investigate and prosecute those who do not play by the rules that make Silicon Valley work. << /P 337 0 R <<