It is important to America, I believe. The board of directors at Theranos, the once-vaunted startup that promised to revolutionize blood testing, has seen some major changes in recent months. Holmes only canceled the trip after prosecutors contacted Holmes attorneys about the unauthorized flight, prosecutors said. Additionally, his seemingly tireless promotion of Holmes led to numerous large investments in Theranos. Setup File Name: Adobe_Premiere_Pro_v23.2.0.69.rar. The ones that dont often self-select out. This is a significant shake-up for Theranos, which has already been through a lot Want to be quoted in an upcoming'Across The Board'article on a topic you are passionate about? [53][54] Walgreens subsequently announced a suspension of Theranos blood tests from the Newark lab and immediately paused wellness services in Palo Alto. n. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. It is alleged the defendants were aware of the unreliability and inaccuracy of their products, but concealed that information. The evidence needed to back Theranos claims is now absent, rendering the company even more suspect. An indictment was unsealed today charging Terren S. Peizer, the CEO and Chairman of the Board of Directors of Ontrak Inc., a publicly traded health care company, for allegedly engaging in an insider trading scheme in which he fraudulently used Rule 10b5-1 trading plans to trade Ontrak stock. Remember, the key is in your packaging Make the effort to do it right. Have something that could benefit the'Across The Board'community and further elevate leadership? It seems the board never pushed for proof of the products efficacy, either because they did not know any betterhaving no industry experienceor because they were not encouraged to be vigilant and involved. Dedicated to the purpose and values of the organization, yet sometimes conflicted. Shultz had attempted to take his concerns to company management. [103][104], Balwani's trial began in March 2022[105] and he was convicted of 12 counts of fraud in July 2022. "There is nothing inherently wrong with founders or CEOs channeling their lofty vision (put a ding in the universe) or their boundless energy and commitment (no days off!) to generate excitement and followership - in fact, it can be a real asset,statesMark Nevins, President ofNevins Consulting. By 2015, thiswho's whocast of powerful names, including Henry Kissinger, James Mattis and George Shultz,ledinstant credibility to the organization. Murdoch was a Theranos investor, and Boies at one point sat on Theranos' board and his firm served as the company's outside counsel for several years. I don't want to affect any company's stock price! [112], One of the patents for the Edison described a point of care system that could communicate with the Internet to receive instructions for which blood tests to run on the samples, before communicating these results back through the Internet. As a Board Member, the 5 best ways to do this include: Following the incredible and mounting fraudclaims in 2015, theTheranos Board stayed in place through thistime of high controversy, then changedits title to a'Board of Counselors'in 2016. Setup Type: Offline Installer / Full Standalone Setup. Both outcomes allowing a massive fraud to perpetuate for years. From a Board Director's viewpoint, an interesting case is that of Theranos Board Member George Shultz, former U.S. Secretary of State. Sonnenfeld states in the Harvard Business Review that when honest dialogue is not actively encouraged, it is common for groupthink to take over: Directors are, almost without exception, intelligent, accomplished, andcomfortable with power. Build a viable strategy andexperience how these focused efforts will help you and your organization thrive and reach full potential(speaker video). Soon after an avalanche of growing public condemnation, Tyler was outed as the leakerand forced to leave the company in 2014. William Foege: Foege is a former director of the Centers for Disease Control and Prevention and an advisor to Theranos. The company faced a string of legal and commercial challenges from medical authorities, investors, the U.S. Securities and Exchange Commission (SEC), the Centers for Medicare and Medicaid Services (CMS), state attorneys general, former business partners, patients and others. are assisting Somali soldiers fighting Al Shabab, and by a health care system that utterly failed him, The case has irritated U.S. relations with a crucial military ally. [109][110][111] Holmes reportedly named the device "Edison" after inventor Thomas Edison, stating, "We tried everything else and it failed, so let's call it the Edison." The board's shrinking membership is a reflection of the company's struggles. 'The Strategy of Strategy'Guides Boards and audiences through the 2500+ year history, evolution and next phase of formal Strategy -'Amorphic Strategy.' However, risks can be reduced by Board Directors remaining objective and truly supporting proper governance, thus purposefully avoiding groupthink andcovert risk. Most of the company's remaining employees had been laid off on the previous Friday, August 31. Holders of more than 99% of the shares elected to participate. Theranos has also been criticized for the dearth of medical experts on its board of directors. Ramesh "Sunny" Balwani: Balwani was Theranos' president and COO. [152] However, in November 2022, Lawrence announced she would no longer be involved with the project. 5. BLOOMFIELD, Conn., (BUSINESS WIRE) -- (NYSE:KAMN)The Kaman Corporation board of directors declared a regular quarterly dividend of 20 cents per common share. The results would then be compared to medical data available on the Internet, with the Edison running supplementary blood tests that were more targeted based on the results of the comparison. She recruited Channing Robertson, a chemical-engineering professor at Stanford, to be a technical advisor and the company's first board member during its early years. Our Vision The Board has a vision for "A safe, efficient and effective engineering infrastructure, systems and processes for Kenya The Boards Mission The Boards mission is "To ensure production of competent Defunct American health technology company, A SoftBank-owned company used Theranos patents to sue over COVID-19 tests (, Centers for Medicare and Medicaid Services, Journal of the American Medical Association, hired the firm to discreetly erase mentions, U.S. House of Representatives Committee on Energy and Commerce, Clinical Laboratory Improvement Amendments. "[40][41] Walgreens suspended plans to expand blood-testing centers in their stores following the report. [37][38] Tyler Shultz, a Theranos employee from 2013 to 2014 and the grandson of then-Theranos director, former U.S. Secretary of State George P. Shultz, was a key source for the WSJ story. [14][15] The company's original name was "Real-Time Cures",[5][16][17] which Holmes changed after deciding that too many people were skeptical of the word "cure". WebRamesh "Sunny" Balwani (born c. 1965) is an American convicted fraudster, businessman and former president and chief operating officer of Theranos, which was a privately held health technology company founded by his then-girlfriend Elizabeth Holmes.He was the second most important figure in the collapse of Theranos and its fraudulent claims to This seems to be the key to a robust boardbuilding a team of diverse skills and perspectives, where individuals are held accountable and dissent is encouraged. Learn why strategy is so relevant to you personally,your organization, and your role as a Board Director. A March 17 hearing is scheduled on her request to stay out of prison during her appeal. As a subscriber, you have 10 gift articles to give each month. Theranos leadership also distinctly lacked the expertise required to develop a sophisticated medical testing technology, Carreyrou It was later revealed that Theranos had voided two years of test results showing inaccuracies with the Edison technology. "[79] In April 2017, Theranos reached a settlement with CMS agreeing to stay out of the blood-testing business for at least two years in exchange for reduced penalties,[80] and signed a consent decree with Arizona Attorney General Mark Brnovich over violations of the Arizona Consumer Fraud Act. I wanted a comparative study on Theranos from Day 1 so we could bring it online, he said. While at Stanford University, Elizabeth Holmes had an idea to develop a wearable patch that could adjust the dosage of drug delivery and notify doctors of variables in patients' blood. In October 2015, a Wall Street Journal investigation exposed Silicon Valley startup Theranos for making fraudulent claims about its breakthrough advancements in blood-testing technologies. She pleaded not guilty. [92] Theranos was still being issued patents into 2019 due to the lengthy patent application process. [149] A film version was reportedly scheduled for release in 2020, starring Jennifer Lawrence as Elizabeth Holmes, written by Vanessa Taylor and directed by Adam McKay. This begins by ensuring that the right people are on board. [76], In April 2017 lawyers for Partner Investments LP and two other funds, with combined stakes totaling more than $96 million in Theranos preferred shares, charged that Theranos had threatened to seek bankruptcy protection if the investors did not agree to accept additional stock equity in lieu of litigation. Carl. After Theranos failed to address concerns that it exaggerated the capabilities of the miniLab, Walgreens withdrew from their partnership. (Commentary), "Theranos, CEO Holmes, and Former President Balwani Charged With Massive Fraud", Theranos' Fatal Flaws Were in Plain Sight, https://en.wikipedia.org/w/index.php?title=Theranos&oldid=1142235949, American companies disestablished in 2018, Biotechnology companies disestablished in 2018, Biotechnology companies established in 2003, Defunct companies based in the San Francisco Bay Area, Defunct health care companies of the United States, Health care companies based in California, Health care companies disestablished in 2018, Health care companies established in 2003, Medical technology companies of the United States, Technology companies based in the San Francisco Bay Area, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, Richard Kovacevich, former CEO and chairman of, Fabrizio Bonanni, former executive vice president of Amgen, This page was last edited on 1 March 2023, at 07:16. In perhaps the greatest fraud in the history of Silicon Valley, the infamous Theranoscase is a prime example of an all-star'Board inname only'-what I like to call a BINO. In the past year, several high-profile directors have departed, including former US secretaries of state George Shultz and Henry Kissinger, ex-US senator Bill Frist, and current Uber CEO Dara Khosrowshahi. On this Wikipedia the language links are at the top of the page across from the article title. We'll see! "Joel Rosentblatt, "Theranos Investors Turn Scavengers on Wounded Unicorn's Remains", "Theranos Lays Off Most Of Its Workforce", https://www.theverge.com/2020/3/18/21185006/softbank-theranos-coronavirus-covid-lawsuit-patent-testing, "Debunked Blood-Testing Startup Theranos Is Still Getting Patents From Federal Agency", "Theranos chief executive Elizabeth Holmes charged with massive fraud", "Securities and Exchange Commission, vs. Elizabeth Holmes and Theranos, Inc., Complaint", "Theranos and CEO Elizabeth Holmes Accused of Fraud by SEC", "Theranos CEO Holmes and former president Balwani charged with massive fraud", "Elizabeth Holmes indicted on wire fraud charges, steps down from Theranos", "Theranos Founder and Former Chief Operating Officer Charged In Alleged Wire Fraud Schemes", "Theranos founder Elizabeth Holmes' trial likely won't take place until next year", "Elizabeth Holmes denies destroying evidence in Theranos case", "Elizabeth Holmes Found Guilty of Four Charges of Fraud", "Elizabeth Holmes sentenced to 11 years in Theranos fraud case", "Sunny Balwani trial starts two months after Elizabeth Holmes's guilty verdict", "Former Theranos exec Sunny Balwani convicted of 12 counts of fraud", "Sunny Balwani, Elizabeth Holmes' right-hand man at Theranos, has been sentenced to nearly 13 years in prison", "Blood-Testing Firm Theranos to Dissolve", "How To Run 30 Health Tests On a Single Drop of Blood", "Here's what we know about how Theranos' 'revolutionary' technology works", "What Exactly Was The Theranos Edison Machine Supposed To Do? However, Theranos general counsel and new CEO David Taylor and a few support staffers remained on payroll for a few more days. Mr. Mattis is the most prominent person to take the stand thus far in the high-profile jury trial, which began in August. It wasn't until some time later when the entire fraud was fully uncovered thatGeorge Shultz thanked Tyler"for his courage and great moral character." He didn't sign anything, thusleading to over $500,000 inlegal fees for Tyler (and his family) to defend himself. David Boies, a prominent litigator, represented Theranos as its lawyer and served on its board. There just came a point when I didnt know what to believe about Theranos anymore, he said. Then, in 2013, Tyler Shultz, George Shultz's grandson, was hired by Theranos shortly after graduating from Stanford University having earned a degree in biology. InDecember of 2016, Theranos announced its plansto retire theBoard at the start of 2017. Tyler Shultz and Erika Cheung are former Theranos employees and were whistle-blowers. The journalist John Carreyrou wrote stories exposing fraudulent practices at Theranos. Senator, senate majority leader and heart-transplant surgeon), Gary Roughead (Admiral, USN, retired), Jim Mattis (General, USMC), Richard Kovacevich (former Wells Fargo Chairman and CEO) and Riley P. Bechtel (chairman of the board and former CEO at Bechtel Group). Sworn to the success of the organization, yet sometimes complacent. In 2004, Theranos was based in a rented basement near the Stanford campus. [86] Theranos had reportedly been on the verge of bankruptcy, with the loan meant to keep the company solvent into 2018. [99][100] The jury selection for the trial was to begin on July 28, 2020, and the trial was to have commenced in August 2020; however, the COVID-19 pandemic led to a proposed October date,[101] before the trial for Holmes was rescheduled to begin on August 31, 2021, with Balwani's trial pushed back further to 2022. Other potential witnesses include Rupert Murdoch, the media mogul, who invested in Theranos; David Boies, who was the companys outside lawyer; and Bill Frist, a former senator and Theranos board member. REUTERS/Benoit Tessier/File Photo. At the time, Holmes, 39,was a mother of a 1-year-old son and pregnant with another child. A Staggered Board Of Directors Is An Example Of Quizlet? At just 12.9 millimetres (0.51in) in height, the nanotainer held a couple of drops of blood. Kovacevich, who retired from Wells Fargo in 2009, in July 2013 joined a Theranos board that included former Secretaries of State George Shultz and Henry Kissinger, ex-Marine Corps General and current Defense Secretary James Mattis, former Defense Secretary William Perry, ex-U.S. Sen. Sam Nunn and retired U.S. Navy Admiral Gary Roughead. He resigned from the board in late 2016 after President Donald J. Trump tapped him to become defense secretary. View Jobs in Government / View Jobs at Engineers Board of Kenya (EBK) Posted: Feb 28, 2023. The FDA had received a formal inquiry to look at Theranos blood test devices by the U.S. Department of Defense in 2012, before the devices were commercially available and did not require FDA approval. It became clear to him, he said, that Ms. Holmes had not been forthcoming with Theranoss directors about the problems. Holmes contributed shares to the company and gave up equity to offset potential dilution to non-participating shareholders. Threatens Crippling Sanctions", "US regulators want to bar Elizabeth Holmes from Theranos for 2 years", "Don't Blame Silicon Valley for Theranos", "Theranos founder Elizabeth Holmes asked by Congressional committee to detail company's compliance efforts", "Theranos Queried on Blood Test Failures by House Democrats", "Theranos Voids Two Years of Edison Blood-Test Results", "Theranos Says Only 1% of Results Affected; Some Doubt Tests", "Walgreens scraps its partnership with Theranos, effective immediately", "Theranos Dealt Sharp Blow as Elizabeth Holmes Is Banned From Operating Labs", "Theranos to Appeal Regulatory Sanctions", "Troubled Theranos hits another wall as Zika test withdrawn", "Theranos Halts New Zika Test After FDA Inspection", "Theranos to Close Labs and Lay Off 340 Workers", "Theranos will close labs and Walgreens testing sites, laying off hundreds", "Theranos throws in the towel on clinical labs, officially pivots to devices", "Second Theranos Lab Failed U.S. [66][67], Theranos announced that it would close its laboratory operations and wellness centers and lay off about 40% of its work force to work on miniature medical testing machines in October 2016. The trial of CEO Elizabeth Holmes saw several former employees, board directors and even Holmes herself testify Kari Paul in San Francisco Mon 3 Jan 2022 Shultz is a grandson of George Shultz, a former secretary of state who was on the Theranos board. It will be interesting to see if the Board does indeed get dragged into the legal proceedings after all and if so, what interestingD&O insuranceclauses could possibly be tested or invented from theoutcome. In October, founder and CEO Elizabeth Holmes stepped down as CEO, and the company laid off about 40% of its staff. [93], In March 2018 the US Securities and Exchange Commission filed civil fraud charges against Theranos, its CEO Elizabeth Holmes and former president Ramesh "Sunny" Balwani, claiming they had engaged in an "elaborate, years-long fraud" wherein they "deceived investors into believing that its key product a portable blood analyzer could conduct comprehensive blood tests from finger drops of blood". [108], John Carreyrou, a Wall Street Journal journalist whose work exposed Theranos, published a book-length treatment in May 2018 titled Bad Blood: Secrets and Lies in a Silicon Valley Startup. [150][151] In January 2022, McKay stated that preparations for the film had resumed, and that Lawrence was working on learning Holmes' speech pattern. He resigned from the board in 2016. In any case, no one demanded the proper data, and this is ultimately the boards responsibility. As with all good things, there can be a dark side to this kind of charisma. He testified that he was not aware of any contracts between Theranos and the military, a major claim in the prosecutions case against Ms. Holmes. Theranos has raised billions of dollars from Inspection", "Theranos closes its last remaining blood-testing lab after it reportedly failed an inspection", "Theranos to fire 41 percent of workforce in second round of cuts", "Arizona AG plans to sue Theranos over blood-testing devices", "Theranos Investors Say They Were Pressured to Abandon Lawsuit", "Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings", "Theranos Reaches Settlement with Partner Fund Management", "Theranos agrees to 2-year ban on clinical blood work", "Theranos, Arizona Attorney General Reach Agreement on Full Restitution to State Consumers", "With $4.65M deal, Arizonans will get their money back from Theranos", Theranos Just Reached a Deal With Investors to Avoid Lawsuits, Theranos will refund $4.6M to Arizonans who took its blood tests, "Theranos Reaches Settlement with Walgreens", https://www.cbinsights.com/research/why-softbank-invested-in-theranos/, "Blood-Testing Firm Theranos Gets $100 Million Lifeline From Fortress", "Theranos Secures $100 Million in New Funding from Fortress Capital", "Theranos dodges bankruptcy after $100 million loan: Report". In what became the Board'sself-perpetuating character elevation of Holmes and the Theranos organization, any sense of governance andaccountability was lost - even when aBoard Member's'own flesh & blood'witnessedwrongdoing firsthand. [1][91] Softbank's Fortress bought up Theranos patents and later, taking advantage of the new market conditions in the midst of the Covid-19 pandemic, set up a shell company called Labrador Diagnostics which sued one of the companies making Covid-19 tests, saying that its test violated those Theranos patents. [137], Theranos raised millions of dollars in its first years. [5], In 2012 Safeway invested $350 million into retrofitting 800 locations with clinics that would offer in-store blood tests. The latest study by the Council for Board Diversity, which covered around 1,300 organisations, also found that 21 per cent of women who joined the boards of the On June 15, 2018, Holmes and Balwani were indicted on multiple counts of wire fraud and conspiracy to commit wire fraud. "[33][34] Attempting to boost the company's credibility, Holmes invited then-U.S. Vice President Joe Biden to tour their facility. It is not fully clear what exactly this Board of Counselors was tasked with, other than the likely counseling of each otherin coming to terms with what had happened and offering advice to protect their reputations. Early stage private companiesas well as established multi-national public companiescommonly aspire for well-known names to join their Boards. [45] FDA inspection reports from 2014 and 2015 stated that its containers for blood collection were "not validated under actual or simulated use conditions" and "were not reviewed and not approved by designated individual(s) prior to issuance". Common Sense Networks, the for-profit affiliate of Common Sense Media, has formed a board of directors, with newly elected members including veteran childrens But there was apparently no one on the board to point out that this approach doesn't work very well for technology startups. Mr. Mattis said Ms. Holmes had been his primary source of information about Theranos and its technology. Former TheranosCOO and President RameshSunnyBalwani's trial is plannedto begin after Holmes trial has ended. Angel investor Jason Calacanis speaks for many when he refers to the company as Silicon Valleys embarrassment. Though the verdict is still out, we need look no further than the company directors to understand why many are viewing the company as an embarrassment. There is much to be said about the makeup of the board as well as the board members apparent lack of vigilance. of turmoil in recent months. For example, Home Depot requires directors to regularly visit stores and engage in the operational review of stores throughout the year.. Additionally, there could be some danger in doing this unsolicited for a company that is still in business and publicly issuing the results. [12] She started developing lab-on-a-chip technology for blood tests, with the idea to start a company that would make blood tests cheaper, more convenient and accessible to consumers. [68][69][70][71] In January 2017, Theranos announced that it had laid off a further 41% of its workforce, or approximately 155 people, and closed the last remaining blood-testing facility after the lab failed a second major U.S. regulatory inspection. James Mattis, a Theranos board member, didnt know what to believe, he says in Elizabeth Holmes trial. [18] In 2013, Theranos partnered with Walgreens to offer in-store blood tests at more than 40 locations. Henry Kissinger: Kissinger served on Theranos' board from 2014 to 2017. 1. In one section, the patent claimed the sample needed to consist of about 10 drops of blood, but in another section, the patent claimed the Edison would need less than one drop of blood. From the get go, Theranos has shown signs of lacking a culture of openness, where dissenting viewpoints and challenging questions might be expressed and received respectfully. revolutionize the blood-testing industry, but it has not been able to deliver on that promise. In an interesting turn of events,George Shultz still did not believe Tyler's claims. Learn the proven and effective steps to successfully plan and Implement your personal Board Director Candidate strategy. Ms. Holmes emailed that Theranos was making a transition to a different framework for its laboratory. [13] Holmes dropped out of Stanford in 2003 and used the education trust from her parents to found the company that would later be called Theranos, derived from a combination of the words "therapy" and "diagnosis". From a Board Director's viewpoint, an interesting case is that of Theranos Board MemberGeorge Shultz, former U.S. Secretary of State. Experience how these achievable & focused efforts help you convey the expertise and confidence needed for serious Board Director / Board Advisor consideration (Available asaspeaking engagement and/or a1:1 individualized preparation coaching plan). In addition to a loss of legitimacy, Theranos risks losing its license to operate labs, and CEO Elizabeth Holmes would likely be forced to exit the industry. Lack of Boardstructure would ensure pesky governance mandates from getting in ambition's way. In amajority of the instances, those Boards with lesser-known members are commonly more engaged, more effective, ask more valid questions,and are thus more valuable to the organizations they serve. 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. Yes, We Have No Choice, Cannabis Challenges Differ In Each State Where Its Newly-Legal, 5 Unexpected Places To Find Your Next Great Business Idea. And How It Got Caught", "Legendary Wins Bidding War for Jennifer Lawrence Movie 'Bad Blood', "Jennifer Lawrence Is 'Working on' Her Elizabeth Holmes Voice for Upcoming Movie: 'She's Feeling It', "Jennifer Lawrence Says She Has Departed Adam McKay's 'Bad Blood', "Sundance Film Festival Unveils 2019 Features Lineup", "HBO Theranos documentary goes inside the secretive, failed company", Theranos Original Pitchdeck 2006, "A Presentation for Investors", "Elizabeth Holmes on Her Billion-Dollar Health Care Idea", "After the Theranos Mess, Can We Finally Quit Idolizing Entrepreneurs?" The statement in support of Ms. Holmes, which was also provided by the Theranos spokeswoman, is said to have been issued jointly by the board of directors and the board of counselors. Hevery quickly encountered blatant acts of fraudulent claims and other actions that continuously put patients requesting blood tests at risk. How can this be? Elizabeth Holmes, the disgraced founder of the blood testing start-up Theranos, was found guilty of four of 11 charges of fraud. [90] On April 10, 2018, the company laid off the majority of workers in a renewed bid to avoid bankruptcy. At our core are the personal advisory boardshighly curated groups of members who come together in a confidential environment to solve life and work obstacles and share opportunities. [44], Following the WSJ story, the history of FDA interactions with Theranos was scrutinized. Is The Cfo Part Of The Board Of Directors? Youre changing the world.. 'Customizable Board of Directors and Leadership Topics'With a passion for teaching, collaborating, and sharing information, Mark A. Pfister has joined the stage as a keynoter, sole presenter, moderator, and panelist on countless speaking engagements on the topics of strategy, governance, leadership, and Board Directorship. Such presentations gave Mr. Mattis confidence in Theranoss technology, he said, because it wasnt just Elizabeth talking about it.. The reports were revealed in the Arizona Republic in November 2015. [46] In 2015, an FDA inspection resulted in multiple observed violations of FDA Title 21 Regulations. [87][88][89] The loan was secured by Theranos's patents. The company is running out of money, and it is facing an uphill battle to keep its business afloat. Vox senior correspondent, Timothy Lee, points out that this is a huge misstep for a biotech startup: In the world of defense contracting, it's not unusual to have secretive projects that cost tens of millions of dollars and take a decade to complete. [145] It was a period of plentiful capital available where investors were pressured to find investment targets to deploy capital on. Carl McCann presides over the groups activities as Executive Chairman and leads our long Although we are confident that we would have prevailed at trial, resolution of these two cases allows our tender offer to go forward and enables us to return our focus where it belongs, which is on executing our business plans and delivering value for our shareholders. Strategy of Strategy'Guides Boards and audiences through the 2500+ year history, evolution and next phase of formal strategy strategy!, in November 2022, Lawrence announced she would no longer be involved with the.! Prominent person to take his concerns to company management of information about Theranos anymore, he said because! Was found guilty of four of 11 charges of fraud said Ms. Holmes emailed that Theranos was based a! A reflection of the shares elected to participate capital on subscriber, you have gift! Know what to believe about Theranos and its technology dark side to this kind of charisma violations FDA... 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