Federal prosecutors have charged Elizabeth Holmes and Ramesh 'Sunny' Balwani, Theranos's president and chief operating officer, with nine counts of wire fraud and two counts of conspiracy to commit wire fraud.
published an exposé based on the account of a whistleblower within Theranos, who said the company’s technology had many flaws. Results were often inaccurate. As a result, the vast majority of the 200+ tests Theranos performed were done the traditional way, with vials of blood drawn from the arm, on industry-standardThings spiraled from there, and by June 2016 Walgreens stopped working with Theranos.
“When people heard what appeared to be a revolutionary concept, it sounded like we’d finally reached the days of Star Trek. Do all these tests on a single drop of blood,” says Kimberly Sanford, MD, president of the American Society for Clinical Pathology. “I remember discussing it in a staff meeting, all of us saying this is scientifically impossible, and the entire pathology community said the same.
Beyond the technology, the idea of walking into a drugstore for blood tests poses other challenges. Interpreting blood test results isn’t as straightforward as it seems. “Normal” ranges represent 95% of the healthy population, which means that 5% of healthy people can be expected to have results outside that range.
As whistleblower Erika Cheung, a former Theranos lab associate, testified at Holmes’ trial, “You’d have about the same luck flipping a coin as to whether your results were right or
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