Elizabeth Holmes and the Rise and Fall of Theranos Inc.
| Case Code: LDEN169 Case Length: 9 Pages Period: 2005-2020 Pub Date: 2021 Teaching Note: Available |
Price: Rs.300 Organization : Theranos Inc. Industry : Healthcare and Services Countries : United States Themes: Entrepreneurship, Business Ethics, Leadership & Values, Ethics in Marketing |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
In June 2019, Elizabeth Anne Holmes (Holmes), former CEO and Chairperson of Theranos Inc. (Theranos), a US-based healthcare startup that offered blood testing for medical investigations, and Ramesh Balwani (Balwani), its former President and COO, were indicted by a federal grand jury of the US on charges of wire fraud and conspiracy to commit wire fraud. They were indicted for distributing falsified blood test reports to consumers. Holmes and Balwani were to go on trial in August 2020, and could face up to 20 years of imprisonment if the charges against them were proved. Not too long ago, Theranos was being identified as a revolutionary company and Holmes was being widely celebrated as a leader and the youngest female self-made billionaire..
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