Elizabeth Holmes with Theranos's miniature blood vial Holmes claimed to have revolutionized the processes of blood testing by inventing a device that could conduct multiple tests on just a single drop of blood. The process, however, was soon exposed to be an elaborate ruse. (more) Theranos, Inc. American company Actions Share Share Share to social media Facebook X URL https://www.britannica.com/topic/Theranos-Inc Share Share Share to social media Facebook X URL https://www.britannica.com/topic/Theranos-Inc Written and fact-checked by The Editors of Encyclopaedia Britannica Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. They write new content and verify and edit content received from contributors. The Editors of Encyclopaedia Britannica Last Updated: Oct 9, 2024 • Article History Table of Contents Ask the Chatbot a Question Ask the Chatbot a Question Theranos, Inc., medical diagnostic company founded in 2003 by Stanford University dropout and entrepreneur Elizabeth Holmes that was later revealed to have falsified its data and inflated its claims. Holmes was charged with 11 counts of fraud, and the company shut down in 2018. Holmes founded Theranos in 2003, when she was just 19 years old, having dropped out of Stanford University during her sophomore year to pursue the endeavor. Between 2003 and 2014 Holmes grew Theranos by securing funding from investors, building infrastructure, and developing the company’s proprietary processes in secret. She received help from a Stanford professor whose ...(100 of 1195 words)

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