Oct 16, 2015, 7:12 AM PDT Elizabeth Holmes, Theranos' founder, CEO, and board chairwoman. She detailed a patent that bore her name for an early concept of the company, as well as the help she got from Channing Robertson, a respected scientist and Stanford University professor who joined Theranoss board. They were at an event in Berlin in 2010 withGermans foreign minister then, Guido Westerwelle, left. The testimony has wrapped up for today, with plans to continue on Monday after the Thanksgiving holiday. Prosecutors also revealed that after an employee, Erika Cheung, spoke to regulators about problems in the Theranos lab, the start-up hired a private detective to follow her. Previously it employed just over 300. Ive heard that testimony in this case, and I wish Id done it differently, she said. Theranoss board was stacked with prominent Americans. She said Theranos had confidentiality agreements with those companies and had been asked not to disclose them. Says a spokesperson for Theranos: Theranos Board of Directors includes not only Ms. Holmes and Mr. Balwani but also, among others, an epidemiologist and the former director of the U.S. Center for Disease Control and Prevention (CDC), a nationally recognized physician, a renowned engineer, and experienced leaders in business and public policy. On Tuesday, Ms. Holmes said she had added the logos of the pharmaceutical companies to the reports herself. He received an annual salary of around $150,000. Theranos Ms. Holmes may also be hoping to present herself to the jury as a sympathetic figure. at Stanford, Holmes dropped out to start Theranos, a privately held for-profit Some also received consulting salaries. protections of the business judgment rule notwithstanding. One key point made by prosecutors was that Theranos could never conduct more than 12 different blood tests on its own machines. When asked if she told Walgreens, she said, Not in that way.. Patrick Hindle on LinkedIn: #podcast evidence Holmes misled the board about the effectiveness of Theranoss blood He has denied the allegations. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Theranos's former Chief Executive Officer is Elizabeth Holmes. Theranos She didnt discuss whether any of those came to fruition but her lawyer quickly switched to a discussion about a study that Theranos did with the American Burn Association, which was conducted inside the United States Army Institute of Surgical Research. WebHe joined the Board of Directors on September 7, 1993, and served as chairman of the board between May 12, 1998, and May 14, 2013. Ms. Holmes said that she did not personally research every statement in Theranoss marketing materials, but that she did not approve any materials she thought were inaccurate.
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