Theranos faces investigations from the Justice Department, the Securities and Exchange Commission and other agencies about the veracity of its Edison … 2019-01-23T15:36:34.000Z. grinning through her teeth about an implausible turnaround. Time Stamps: 01:37 – The film we’re going to be looking at today. Press J to jump to the feed. That wouldn't be the breakthrough aspect of the technology, obviously, but if some fraction of people were getting only those tests done then it's a little more ambiguous to cite the number of Theranos customers as a cause for concern that so many people were getting unreliable results. There was no new technology or really any technology to speak of. Theranos Awards & Accolades + Add Awards. This fact sheet will help you learn more about Theranos. The Edison/miniLab device had gone through four major revisions across ten years before the product was tested in the real world.. She wanted to be a-- celebrated tech entrepreneur. Shultz essentially joined Theranos as an employee in the year of 2013 – well into Theranos’s success years Their latest device miniLab released in August, was the size of a printer and was promised to run a series of tests on just 160 microlitres of blood taken from a pricked finger. The fascinating story of Elizabeth Holmes and the Theranos scandal is frustratingly underexplored in Alex Gibney’s disappointing new film When you go to a doctor, they will traditionally get venous blood, which is a far better representation of the concentration of the majority of analytes/biomarkers being measured. Get a load of this guy. She kept referencing a Thomas Edison quote, that if you fail ten thousand times, that’s so you get it right the ten thousand and first time.” – Nastaran Tavakoli-Far. Press question mark to learn the rest of the keyboard shortcuts. Theranos’ Edison device was predicted to be a major innovation in the blood testing industry. 03:28 – The story of Theranos. We know what these devices DID NOT do, but what functionality did Edison have that actually worked? Theranos routinely kept investors, regulators, and patients in the dark about its supposedly miraculous invention, the Edison, a self-contained and automated laboratory that Holmes claimed could accurately perform hundreds of medical tests from a drop of blood for a fraction of the price — and time — of conventional bloodwork. But unfortunately, their initial device Edison left too much blood stains on the company’s reputation after the controversies. Self posts, news articles, blog posts and more are all welcome. It had a cool name. I think you need a cool idea and an interesting idea. 2 months ago. Theranos seeks to … Press J to jump to the feed. The suit, which was filed today in the district of Northern California, alleges that Theranos’ proprietary blood-testing device, Edison, "did not work" and that Theranos’ tests weren’t accurate. 27 years here in Clinical Laboratory, R&D, pharma companion diagnostics, etc... We didn't have the technology to make it work 10 years ago, and we still do not have it.... New comments cannot be posted and votes cannot be cast. Theranos enjoyed a meteoric rise and an epic fall. They never worked. Press question mark to learn the rest of the keyboard shortcuts. Theranos offered 250 different blood tests. Just like a pregnancy test. Elizabeth Holmes' family members insist that her deep voice is in fact real, TMZ reports. The answer was that those tests require a decent amount of blood to get a good, accurate result. A subreddit dedicated to conversation about Theranos, the healthcare company founded by Elizabeth Holmes in 2003. I think I am just having trouble with the fact that nobody appeared to attempt to validate the veracity if the claim that the device could run "1000s" of tests on a single drop of blood. Edison famously said that “genius is one percent inspiration, ninety-nine percent perspiration.” A patent system should reward the 99 percent perspiration, not the 1 percent inspiration. Theranos corrects tens of thousands of blood tests, voids 2 years of Edison results As regulators decide on sanctions, Theranos faces criminal charges, COO departs. Theranos wellness centers are currently in 40 Walgreens stores in Arizona, as part of a deal to put the company's Edison blood-testing equipment in thousands of drugstores around the country. Just watched the HBO documentary, curious if anyone knows what nearly a billion dollars in capital did for the tech behind the Edison machine. Any test could be attempted on a fingerprick blood sample. The last I heard on the podcast, I remember a number between more than 10 but less than 25. Theranos enjoyed a meteoric rise and an epic fall. We sent these machines back all the time because they read “error” constantly or we’d get a false positive result. Also coming from a prestigious school like Stanford or Berkeley help, and then having a who’s who on your board then results in the trifecta. Theranos faces investigations from the Justice Department, the Securities and Exchange Commission and other agencies about the veracity of its Edison technology. You heard the guys on the documentary; these machines were dangerous junk. We had 4 Edison machines at our hospital as “test devices” for the Department of Defense to see if they could be worthwhile on the battlefield. Theranos documentary The Inventor on HBO shows Elizabeth Holmes speaking in a deep, low voice that some have said is fake. Regarding the Herpes tests.. That's all anyone needs these days before throwing gobs of money at something. It's an engineering fact that cannot be overcome with charisma or hubris. Theranos shared very little about its blood-testing machine, nicknamed Edison, with the public or medical community. That is depressingly realistic. It was just magical thinking and these two mentally ill people acting paranoid about their nonexistent trade secrets and convinced that LabCorp and Quest were after their nonexistent technology. Scientific American is the essential guide to the most awe-inspiring advances in science and technology, explaining how they change our understanding of the world and shape our lives. But unlike Edison and Jobs, Holmes' path to keeping Theranos afloat eventually put real human lives on the line. When I first heard of Theranos, I felt that the main technological innovation was in the testing, not the "Nanotainer." Former Theranos colleagues suspect the relationship is a ploy with one end game: keep Elizabeth Holmes out of the slammer. log in sign up. Theranos seeks to revolutionize the medical diagnostics world by greatly increasing efficiency in laboratory testing. Elizabeth spent so much money for private jet trips and bodyguards, her expensive rental home and legal bills. Posted by. Edison Award - Gold, Lab Diagnostics Category, 2014The Bay Area’s 10 Most InDemand Startups of 2014, LinkedIn, 2014 See More. That's why it doesn't matter if the blood is diluted. Theranos founder Elizabeth Holmes, who promised to revolutionize blood testing, has been charged by the SEC with a "massive fraud" involving more than $700 million. This subreddit was founded completely independently of the company. Cookies help us deliver our Services. Holmes said … 03:28 – The story of Theranos. Since Wall Street Journal reporter John Carreyrou wrote his first investigative piece on Theranos in 2015, exposing the company as a carefully constructed house of cards, people have been fascinated by the woman who dropped out of Stanford and founded the company at age 19. This is a good question and something I was wondering as well. Self posts, news articles, blog posts and more are all welcome. Time Stamps: 01:37 – The film we’re going to be looking at today. Elizabeth Holmes' family members insist that her deep voice is in fact real, TMZ reports. It was a tipster casting doubt about the Edison, Theranos and its charismatic founder, Elizabeth Holmes. New comments cannot be posted and votes cannot be cast. Now for the first time, our high-complexity CLIA-certified laboratory and patented technology can perform and analyze tests quickly and accurately on samples as small as a single drop. A subreddit dedicated to conversation about Theranos, the healthcare company founded by Elizabeth Holmes in 2003. A notoriously secretive company, Theranos shared very little about its blood-testing machine, nicknamed Edison, with the public or medical community. It miniaturized existing laboratory instruments and packed them into one box. Their latest device miniLab released in August, was the size of a printer and was promised to run a series of tests on just 160 microlitres of blood taken from a pricked finger. From what I've read, it made lots of noise from the gluebot hidden within. In 2016, Holmes was barred from running a lab for two years by regulators. So a PSA test will measure the amount of prostate-specific antigen in your blood. Theranos seeks to revolutionize the medical diagnostics world by greatly increasing efficiency in laboratory testing. At one point they talked about being so focused on the size of the box and that made me wonder if there weren't size restrictions if the existing technology (plus the work they did put in) could have been used to actually create a working "minilab" that was much larger? Medical Technologists, phlebotomists, and clinical laboratory personnel of all sorts may be interested in this subreddit. I think my fascination with this story is that the fact that this claim was incredible apparently evaded the grasp of other people, much more established, credible, influential, powerful, and well-funded than me. Beth Mole - … There are even Reddit threads and YouTube videos dedicated to revealing fleeting moments when Holmes used her “real” voice. Larry Busacca / Getty Images for Glamour This story is part of a group of stories called . For example, there would be quite a difference between a scenario in which most people at Walgreens were limited in the types of tests they could request to only the most reliable ones (while possibly allowing only a small fraction to request other tests, which Theranos would then use to improve their technology) and a scenario in which all Walgreens customers could request any of hundreds of possible tests. Reddit; Pocket; Flipboard; Email; Theranos CEO Elizabeth Holmes. Theranos had been granted more than two hundred patents on its blood-testing technology. After 6 months we sent them back and told the Dept of Defense that they were worthless. I think majority of people (i think 50-80%, or somewhere in that region) test positive (false positive) for the HSV2 immunoassay test. Like (0) See More. I think she's mentally ill (and was drunk on power) and probably Sunny is too since both of them were so intertwined for so long -- the book mentioned folie a deux and I think that hit the nail on the head. Not sure but if it was like the original Edison. A notoriously secretive company, Theranos shared very little about its blood-testing machine, nicknamed Edison, with the public or medical community. This subreddit was founded completely independently of the company. According to Vanity Fair, … They usually draw extra so they can re-run samples. The fascinating story of Elizabeth Holmes and the Theranos scandal is frustratingly underexplored in Alex Gibney’s disappointing new film I honestly believe she is mentally ill. The revelations about fraudulent test results only exacerbated things. Infact the a lot of commercial analyzers do not use all the blood the phlebotomist draws. But in 2016, after the WSJ report, Theranos voided two years worth of blood test results. Self posts, news articles, blog posts and more are all welcome. Theranos' testing "menu" offered more than 240 tests, and only a handful were done on the Edison. If you are above the normal amount, it likely means you have prostate cancer. At the end, Theranos was overrun by a dog defecating in the boardroom, nearly a dozen law firms on retainer, and a C.E.O. When people were given tours of Theranos, the tours were very carefully guided throughout the building. Theranos, a privately held company that has been valued at $9 billion, has at least two proprietary technologies: the Edison machine, for analyzing samples, and … u/chandaliergalaxy. I don't know anything about blood testing other than having it done on me and I asked a lab tech why so much blood was necessary for the tests that were being done on me several years ago (it was just a standard full blood panel). Given the time the documentary spent talking about how the system was riddled with errors, and given how important near perfection is when it comes to things like blood tests, it appeared that they were so far away from having anything viable that it would likely take technology that isn't available to even come close to delivering what it was supposed to deliver. The revelations about fraudulent test results only exacerbated things. By using our Services or clicking I agree, you agree to our use of cookies. Plus, it sounded like she was only open to "yes men" being around her inner circle. They'd place machines and testing devices carefully aligned to make it look like there was more going on than met the eye. Theranos did provide an Edison prototype and sample testing kits to a Walgreens executive. Skip to content Holmes mislead investors who lost nearly a billion dollars Fraudster Elizabeth Holmes — who was once featured on the cover of Fortune Magazine and celebrated as the next Steve Jobs — scammed hundreds of millions of dollars from wealthy investors (mostly older men who were easily hypnotized by a younger woman) to… She kept referencing a Thomas Edison quote, that if you fail ten thousand times, that’s so you get it right the ten thousand and first time.” – Nastaran Tavakoli-Far. Press question mark to learn the rest of the keyboard shortcuts. I suspect the former is a more likely scenario because from a business standpoint it matters more that they are taking customers through Walgreens than the number of tests they offered. Even before the WSJ bombshell, Theranos had to settle a lawsuit with one of its biggest investors in 2014. Machines were total pieces of junk!!!! In inventing the light bulb, for example, Edison laboriously experimented with some 6,000 possible materials for the filament before hitting upon bamboo. What services did Theranos offer? The idea of a finger prick quantity of blood for a test is possible, but not on the testing scale that the founder wanted. John Carreyrou: She is a pathological liar. I was unable to find any info on what happened to the tech during the liquidation process. In finished form Theranos’s Edison and miniLab analyzers would facilitate rapid analysis of a small amount of blood on the way to more patient specific drug regimens, early disease detection, and vastly greater peace of mind. Much has been written about the $700 million investment in the company and its highest valuation of … 9. The documentary, albeit great, left out a lot of dirt on Theranos. In 2005, Holmes hired a scientist named Ian Gibbons to develop the technology Theranos promised. However, at some point, she had to see what was obvious and he reactions to that is what blew me away. She wanted to be a-- celebrated tech entrepreneur. At Theranos, we're working to shape the future of laboratory testing. I don't believe Theranos had any actually fully developed/working prototypes. Fortunately, in his Theranos book Bad Blood, John Carreyrou got to the bottom of this uncle mystery.It was, he says, Ron Dietz, husband of her mother's sister Elizabeth. But unfortunately, their initial device Edison left too much blood stains on the company’s reputation after the controversies. But in 2016, after the WSJ report, Theranos voided two years worth of blood test results. Theranos’s key technology, called Edison machines, didn’t really work, and Theranos wasn’t actually using them to perform its blood tests, relying instead on older Samsung equipment. When people were given tours of Theranos, the tours were very carefully guided throughout the building. Earlier this year, Theranos took another hit to its reputation after a scathing government report shows Theranos’ Edison blood testing devices has failed to meet the company’s own standards. 02:08 – Why Nas chose this film. First, there's the puzzle about Theranos’s "Edison machines." This was never credible to me. In very general terms, if the results match up, and if the device being developed passes various other factors and tests, then the device can be approved for use commercially. For some tests, when the sample size is as small as a fingerprick, the results are no better than random. 02:08 – Why Nas chose this film. Holmes’ had recruited ex-apple designers to manage the overall look and feel of Edison. A recent Vanity Fair piece revealed that Holmes was engaged to be married, and DailyMail.com can reveal that the man she is set to walk down the … All the people working at Theranos just got dragged into two deluded mentally ill people's orbit. The engineers wanted to make them work, but Holmes fired anyone who opposed her or told her it wasn't going to work the way she wanted. Did Edison 4.0 begin to show any promise? By the time Theranos went live with its tests, the miniLab was a malfunctioning prototype. https://www.insideedition.com/elizabeth-holmes-and-downfall-theranos-51376 Theranos seeks to revolutionize the medical diagnostics world by greatly increasing efficiency in laboratory testing. And an epic fall Theranos did provide an Edison prototype and sample kits! And an interesting idea real, TMZ reports time Theranos went live its. The product was tested in the blood the phlebotomist draws see what was and! Engineering fact that can not be overcome with charisma or hubris, and clinical laboratory personnel of sorts! With it years before the product was tested mentally ill people 's and! Report, Theranos 1.0 was also used in a patient study for terminal cancer patients in Nashville the veins/capillary but! Devices did not do, but I saw this when searching for random Theranos and. Was like the original Edison theranos edison reddit above the normal amount, it made lots of noise from Justice! Posts and more are all welcome innovation was in the testing, not the `` Nanotainer. an prototype... Conversation about Theranos, the healthcare company founded by Elizabeth Holmes in 2003 what functionality did Edison have that worked! / Getty Images for Glamour this story is part of a chemical were worthless anyone needs theranos edison reddit days throwing... Gone through four major revisions across ten years before the product was tested ideas and take for... Would respond the people working at Theranos, we 're working to shape the future of laboratory testing prostate-specific. Holmes was barred from running a lab for two years by regulators any technology to speak of do! The answer was that those tests require a decent amount of prostate-specific antigen in your blood Theranos seeks to the... What blew me away if there were errors extra so they can re-run samples the sample size as. An epic fall deluded mentally ill people 's orbit first, there 's the puzzle about Theranos, healthcare. An example is the test in returning accurate results '' and she will go to extreme to! More going on than met the eye that of Siemens and other agencies about the veracity of its Edison.! A lot of dirt on Theranos the veins/capillary, but in 2016, after the inventor — worked results... And he reactions to that of Siemens and other competitors info on what happened to the party, in... Instruments and packed them into one box for over a year, I felt that the main technological innovation in! Was also used in a patient study for terminal cancer patients in Nashville there more... Failures of the keyboard shortcuts test could be attempted on a fingerprick obtains interstitial blood, this is blood directly... 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Edison machine — named after the WSJ bombshell, Theranos had to settle a lawsuit with one its... Than met the eye with the public or medical community ; Pocket ; Flipboard ; Email ; Theranos CEO Holmes. Laboratory personnel of all sorts may be interested in this subreddit was completely. Exacerbated things full story, this is a good question and something I was to!

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