He found that the company did not even use its own technology in tests and often relied on older technology from other companies. He disclosed problems in the company’s equipment and testing methods.

In 2015, journalist John Carreyrou investigated the company for an article in The Wall Street Journal. Operating largely in a cloak of secrecy, the company could never validate its claims about its blood sampling technology, and many of its lab results went unchecked. But the excitement of investors and the promise of the technology did not translate into success. Holmes received glowing profiles in news magazines, was featured on television shows, and presented keynote addresses at tech conferences. Many investors backed the company based on the promise of the technology. Blood could be diagnosed easily without the need for many vials of blood drawn from patients’ veins or expensive lab work.īy 2014, the company was valued at $9 billion, of which Holmes held a majority stake. Test results could be delivered to a patient’s phone in hours, and a single test would cost less than half of the reimbursement rate of Medicare and Medicaid. The company claimed that its technology could offer over 240 tests from just a prick of the finger. Holmes dropped out of Stanford and began raising millions of dollars in funding. Beginning with the goal of creating a patch to deliver drugs, the company instead shifted focus to developing a simple and effective method for blood diagnosis. The goal of the company was to revolutionize health care.

In 2003, Stanford University student Elizabeth Holmes founded the health care company Theranos. 36 short illustrated videos explain behavioral ethics concepts and basic ethics principles.īeing Your Best Self, Part 1: Moral Awarenessīeing Your Best Self, Part 2: Moral Decision Makingīeing Your Best Self, Part 3: Moral Intentīeing Your Best Self, Part 4: Moral ActionĮthical Leadership, Part 1: Perilous at the TopĮthical Leadership, Part 2: Best Practicesĥ8 animated videos - 1 to 2 minutes each - define key ethics terms and concepts.ģ0 videos - one minute each - introduce newsworthy scandals with ethical insights and case studies.Ĭurbing Corruption: GlaxoSmithKline in China

Bad blood in silicon valley